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?

  • tusker@monero.town
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    7 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.townOP
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      7 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
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        7 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.townOP
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          7 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
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            7 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.townOP
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              7 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
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                7 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.townOP
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                  7 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
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                    7 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.

          • tusker@monero.town
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            7 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 death yearly, why not banned yet?

            • Mr_Blott@lemmy.world
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              7 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

            • betz24@lemmynsfw.com
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              7 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 this earth, I think there is a little more nuance. 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
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                7 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.