what monero services are needed?
what monero services are needed?
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?
Something like privacy.com letting you signup for subscription services but backed with Monero.
So these services would be paid in Fiat, but you would pay Monero. Do I have that right?
Yes. So this engineering service can certainly negotiate with vendors to accept Monero directly and cut out any credit card fees.
I don't think anything is "needed." Monero is a currency, ideally it will be used for everything a currency is used for.
Right, but as of now, we are missing a lot of things like maybe Monero trucking or shipping of some sort, perhaps.
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
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.
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.
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.
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.
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.
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.
What is "monero?" That's a term I haven't heard before. But it sounds good to me - I guess?