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by 27182818284 4614 days ago
https://coinbase.com/security
1 comments

This doesnt address a founding member being kidnapped or his family kidnapped.
Is it addressed with JP Morgan, Bank of America, Citigroup, etc? There are lots of companies that deal with large amounts of money. Why is Coinbase being singled out here?
Coinbase is being singled out because it is a much smaller group of people with access to an asset which is significantly easier to steal / spend than a room full of gold, cash, or bank accounts full of USD.
An alternative to the insurance model is to implement something like SSS ("Shamir's Secret Sharing")...