I appreciate the concept described. But as was clearly pointed out, this is discretionary cover - not insurance with the applicable risk management, regulations, and investment requirements, etc. to prevent blow up. And I don't think any reference is made to Actuarial risk and how it is tackled in a cooperative. Not meaning to belittle the effort or to be mean, but it seems like a pyramid scheme on crypto at the very simplest. Unless the focus here is on developing a future platform that could support tokenized insurance - that may have been lost on me, if so.

A Pump piece. Too bad RV is used for that. The interviewer had important knowledge gaps about the product.

Interesting interview and Hugh should be commended for his efforts and perseverance in developing an alternative to the more traditional risk transfer offerings in the insurance market. You would certainly have to wait a very long time availability and by then pay a high risk premium for any protection in the crypto space. However his comments about eventually moving up the risk curve into say quake insurance for example, would be a bit worrying if you happen to have capital at risk by then. The math used by Nexus Mutual to derive the capital requirements is simplistic and will not work for significantly skewed risk profiles. Actuaries and statisticians specialising in that field are using far more complex simulation models to derive capital requirements for insurers. Risks that exhibit low correlation for most of the time have a knack to be become dependent above say 90% confidence level, let alone at the 99.5% target level. The reason it takes traditional insurance markets time to deploy capital for certain risks is not all due to inefficiencies. There is always more than meets the eye when analysing the data available for heavily skewed risks. As an example, many "wealthy" Lloyds Names got wiped out in the 1990's by providing capital for risks they didn't fully understand. Nevertheless, this is very exciting development to say the least and worth following closely. Galileo Platforms is also interesting in the crypto space. They are working at removing transactional inefficiencies in the traditional insurance market. Would it be worth having them on RV Crypto?

Interesting idea that may be solving a real world issue. Also as a developer I must admit they did an amazing job on tech side, impressed by UX as well. Great work!

Great interview and product Hugh. I look forward to seeing how you show estimated return for risk assessors. Volatility in price affects investors (ooops I mean risk assessors :) returns. However I think that showing estimated returns can at least help risk assessors decide what return they are willing to accept based on their perceived risk on the smart contract, before they buy the NXM. Shield mining is a fantastic idea. Seems like there is incredible demand for your product and not enough supply, so hopefully this helps. Keep up the great work.

It's often the case that the most successful businesses are those that simply find a way to service an existing market more efficiently. That makes Nexus very intriguing.

Great interview. I could not make out the name of the protocol that he mentioned coming in the next 8 weeks or so. Does anyone know?

Thank God. Finally an interview on Crypto Tier that is about a new and exciting project in the space besides BTC and ETH Great interview and good job Remi. I believe this is the first time he has ever been on RV. Nice to put a face to the name.

Great interview. Exciting project. Am I right to think you need to be quite knowledgeable in coding to be able to participate in the whole process ( assessing risk of contract / determining which to contracts you want to insure etc ) ?

Interesting interview. Question for Hugh, have you explored the idea of having parametric policies underlying the pool to avoid the subjectivity of claims settlement argument?