what monero services are needed? (monero.town)

submitted 11 months ago by shortwavesurfer@monero.town to c/monero@monero.town

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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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[-] 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.