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?
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?
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.
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.
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.
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.
Right, but I still have to convert to fiat to pay it.
If there were insurance companies offering services for Monero I would most likely buy some insurance 👍 😀