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A comment on Critical Update on DAO Vulnerability. Parent comment
Step 2: Find someone foolish enough to accept the other side of the insurance contract, in a world where "insurance fraud" is no excuse
Step 3: Use Ethereum maliciously, stealing your own Ether under another identity
Step 4: Collect insurance
Step 5: Profit (in Ether)
Step 6: Good luck turning your Ether into actual money when people figure out how broken everything about it is
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Step 2: Find someone foolish enough to accept the other side of the insurance contract, in a world where "insurance fraud" is no excuse
Step 3: Use Ethereum maliciously, stealing your own Ether under another identity
Step 4: Collect insurance
Step 5: Profit (in Ether)
Step 6: Good luck turning your Ether into actual money when people figure out how broken everything about it is