Earlier quoted context omitted.
By new insurance products you probably meant something like CDS? Or credit rating agencies using those improvements in risk analysis to rate those CDO's as AAA+++ would buy again? What you failed to mention is that Bitcoin actually allows virtual currency without a central authority, and the main value is not storage, but in value transfers and lowering barriers of entry. It's actually cheaper and faster(3 days vs 15…
> By new insurance products you probably meant something like CDS? Or credit rating agencies using those improvements in risk analysis to rate those CDO's as AAA+++ would buy again? I made a list of a dozen or so recent, top-level financial innovations (each of which has created many billions of dollars of value), and instead of recognizing that they had massive impact, you ignore all but one of them, redefine the re…
1. CDS is basically an insurance product: http://en.wikipedia.org/wiki/Credit_default_swap
2. I mentioned CDO just as an example of "risk analysis" failure by credit rating agencies.
I did this to point what kind of innovation you are talking about in your impressive list of acronyms that you mentioned in your first post.