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I keep thinking we need monero insurance (life, health, auto, etc) where premiums are paid in monero and benifits are only paid out in monero. What services do you think we need?

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[-] jet@hackertalks.com 8 points 11 months ago

Something like privacy.com letting you signup for subscription services but backed with Monero.

[-] shortwavesurfer@monero.town 4 points 11 months ago

So these services would be paid in Fiat, but you would pay Monero. Do I have that right?

[-] jet@hackertalks.com 3 points 11 months ago* (last edited 11 months ago)

Yes. So this engineering service can certainly negotiate with vendors to accept Monero directly and cut out any credit card fees.

[-] xmr_unlimited@monero.town 5 points 11 months ago

General esctow service to allow trustless transactions (goods and setvices) via multisig. Want to trade a physical game or goods for another between imternet randomes? Do an escrow. Many use cases..

Easy way for youtubers etc to accept donations. Everyone is bloody using patreon.

Xmrbate

[-] crab@monero.town 5 points 11 months ago

I don't think anything is "needed." Monero is a currency, ideally it will be used for everything a currency is used for.

[-] shortwavesurfer@monero.town 0 points 11 months ago

Right, but as of now, we are missing a lot of things like maybe Monero trucking or shipping of some sort, perhaps.

[-] UncleIroh@merovingian.club 2 points 11 months ago

@shortwavesurfer @crab

This absolutely.

Physical off-ramp services like delivery, PO Boxes, lockers, etc.. are a weak link right now.

Sure, you can buy giftcards for mostly everything, but if you're buying a physical product, then between the giftcard broker, store and delivery service, your transactions are easily tied to your real identity and location.

[-] Giffbro@monero.town 4 points 11 months ago

I think we need a monero based encyclapedia. Like a wiki fork where instead of a wikimedia foundation, a company being created to manage the software stack, lies a decentralized XMR network powered encyclopedia engine.

[-] tusker@monero.town 3 points 11 months ago

Insurance is a scam. You are better off saving and investing 50-80% of your earnings and you will be OK no matter what comes up. Plus you will be able to retire early.

[-] shortwavesurfer@monero.town 0 points 11 months ago

Yes, but that also assumes that most people are smart enough to do that. Have you seen the way some people financially plan? Most people could not afford, say, cancer treatment by themselves, no matter what.

[-] tusker@monero.town 2 points 11 months ago* (last edited 11 months ago)

Yes, it does take some effort on your part if you wish to be come independent and prepared.

As for cancer, it can be easily prevented as it is a disease caused by deficiency in an essential compound (vitamin B-17) which most people do not ingest. More info: https://monero.town/post/1263720

Just like the disease scurvy was just a simple deficiency in vitamin C but the experts were baffled for hundreds of years even though the solution was already known by many people.

[-] shortwavesurfer@monero.town 2 points 11 months ago

To be fair, I was only using cancer as an example, but medical expenses, car crashes, big things like that, that would ruin a person. Your house burning down could be any number of things.

[-] tusker@monero.town 0 points 11 months ago* (last edited 11 months ago)

Yes, but you cannot spend your whole existence just worrying about what might happen. It is better to plan in a way where the wealth will end up in your hands if nothing happens instead of the insurance company.

Medical expenses are not that bad if you know what you are doing. They cannot refuse care, so once you are patched up and you get the 100x overpriced bill you let them know what you are willing to pay and you can negotiate it down to a fair price. Since they do not tell you the cost up front that means it is up for negotiation. If they refuse to be reasonable then you just don't pay it. It works, I have done it.

Now with the advent of crypto your wealth is untouchable by the main mafias so leverage is on your side in negotiations.

[-] shortwavesurfer@monero.town 2 points 11 months ago

Eh, i see your point But I think we're going to have to agree to disagree on this one. Most people are quite financially irresponsible, and I would not want to be in a situation where i am reliant on somebody else to make me whole. In a car crash, for example, if I am not the one at fault, and they don't have any kind of insurance, then it's up to me to replace my car, pay my medical bills, etc.

[-] tusker@monero.town 0 points 11 months ago

What I am saying is that if you plan responsibly and understand how the system works you will have enough wealth to cover you in any situation.

If you are a wage slave, don't know anything about contract law, and have $300 in your bank account then yes you need insurance.

[-] shortwavesurfer@monero.town 1 points 11 months ago

And how many people do you know that "plan responsibly", are not " wage slaves", and understand contract law? Because personally, I cannot name a single person that would fit that category in my entire life.

[-] tusker@monero.town 1 points 11 months ago

You should be that person. Don't worry about others.

I will admit that having car insurance is most likely a good idea given that is the most dangerous activity that most people engage in, but that's about it. You can however minimize this by owning a car you can afford and driving cautiously, then your premiums can be super low.

[-] shortwavesurfer@monero.town 2 points 11 months ago

Right, but I still have to convert to fiat to pay it.

[-] tusker@monero.town 1 points 11 months ago* (last edited 11 months ago)

If there were insurance companies offering services for Monero I would most likely buy some insurance ๐Ÿ‘ ๐Ÿ˜€

[-] betz24@lemmynsfw.com 1 points 11 months ago

Not sure the link you sent works on my app, but after doing a quick search, Vitamin B-17 has been banned by the FDA and is even regarded as dangerous.

https://www.webmd.com/cancer/amygdalin-cancer-treatment

[-] tusker@monero.town -1 points 11 months ago* (last edited 11 months ago)

FDA also approved poison injections a couple years ago, so.... The FDA is there to protect big pharma profits, no cancer, no profits, simple.

FDA approved drugs cause millions of deaths yearly, why not banned yet?

[-] Mr_Blott@lemmy.world 3 points 11 months ago

Phew, financial advice from someone who believes cancer is "easily preventable"

Thank goodness I was kicked in the head by a horse this morning

[-] tusker@monero.town 0 points 11 months ago

and this is why you are a worker and I am an owner.

[-] Mr_Blott@lemmy.world 1 points 11 months ago

I am an owner, idiot-boy ๐Ÿ˜‚

[-] tusker@monero.town 0 points 11 months ago

Don't forget to punch in tomorrow, clown.

[-] Mr_Blott@lemmy.world 1 points 11 months ago

Bear in mind there's only one country where they still do that

[-] betz24@lemmynsfw.com 0 points 11 months ago* (last edited 11 months ago)

Are you taking these B-17 supplements daily? I'm just as much as a cynical person as the next guy, especially when it would comes to the pharmaceutical industry, but since cancer affects all life on earth, I think there is some nuance to it. The cynicism in me says that this B-17 vitamin is being pushed by 'big supplement', the other side of the coin trying to sell products to consumers and corralling vitriol for modern medicine.

'Natural' and Modern medicine can coexist, they both can work and you can also trust neither. As a recipient of the 'poison injection' you are talking about, I am feeling fine so far.

[-] tusker@monero.town 0 points 11 months ago

No, I do not take B17, my diet contains food that has it. A high quality source is available here: https://rncstore.com for anyone that is looking.

Modern medicine is useful if you have an injury and need emergency care. For degenerative diseases all it can offer is symptom control at the expense of toxifying your body and most likely triggering more serious illness later in life.

Not all people who have been injected with the juice will suffer, there are many factors involved. The point is that the injections were 100% useless and most likely harmful.

[-] itsmect@monero.town 3 points 11 months ago

Not really sure if insurances are a great use case as they always involve your personal info and only make sense in a legal framework surrounding it.

[-] shortwavesurfer@monero.town 1 points 11 months ago* (last edited 11 months ago)

But at its core insurance is to protect from a major loss by paying a small amount. You could probably do it with very little personal info if you were willing to forego any personalization discounts. As it is you have to convert to fiat to pay it.

[-] itsmect@monero.town 3 points 11 months ago

Payouts cut into the profit margins, so insurance companies will pay as little as they can get a way with legally. When paid anon in monero, it's even easier for them to take the money and run (or operate as a ponzi scheme or whatever else).

On the other hand the insurance company must ensure that their customers claims are correct, so that they do not get scammed. I'd assume they demand proof, which does require a lot of personal info.

[-] shortwavesurfer@monero.town 1 points 11 months ago

Hmmm, true. I would expect that insurance of some sort would have to exist, though, because otherwise people would be on the hook themselves for extremely expensive things like cancer treatment or a car accident, and Lord knows the majority of people do not have the kind of money to cover something like that.

this post was submitted on 30 Nov 2023
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