What's everyone understanding on Captive Insurance and what are your thoughts if there are projects out there telling you can now invest in something knowing it can't rug you and if get exploited you are covered in the first place. Welcome to Captive Insurance

https://vitalik.eth.limo/general/2024/04/01/dc.html

Do you mean like what Vitalik is referring to here with quadratic refunding in case of exploitation?

I am Monkey D. Luffy, and I will be King of the Pirates 🏴‍☠️ | monkeydluffy.eth | aka Palkia.eth

The article title itself depicted of what Blockchain has turned to be. Degen communism itself are associated as "Ethics as a medium for my pleasure" but not necessity. In Corporations, they tend to do things stoicly regardless of ethics in the name of profit

Which comes to the conundrum. What if there is a way for people to invest , insured and be safe at the same time while remaining committed to their bags?

For me the first major thing for both RWA and Blockchain is a DAO. In this Article , https://vitalik.eth.limo/general/2022/09/20/daos.html Vitalik mentioned how everyone have their roles and things can get as Decentralized once every major elements existed and start to get Autonomous.

Meaning if an entire DAO justifiably able to prove why they are needed then they can vouch others too. It just happens Captive Insurance works the way how Vitalik mentioned in his DAO Article

https://www.investopedia.com/terms/c/captive-insurance-company.asp#:~:text=Key%20Takeaways-,A%20captive%20insurance%20company%20is%20a%20wholly%20owned%20subsidiary%20insurer,and%20greater%20control%20over%20coverage.

https://www.captive.com/captives-101/what-is-captive-insurance#:~:text=This%20type%20of%20heterogeneous%20group,policies%20to%20the%20pool's%20owners

It become the driver of why many current crypto projects, community-runned because the team prefer to be collecting the tax while not doing their supposed jobs because 
1) Crypto is Anon
2) Not everyone capable to contact CEX if they got rugged
3) Identify Theft for CEX KYC
4) Inefficient Regulators