On Insurance: Most insurance is a rent seeking scam today. Life insurance is in many ways a scam targeting poor people who don't save. Homeowners insurance is a complete scam, "required" if you have a mortgage (sadly, almost everybody). Rates increase ~12%/year even if you have 0 claims for 20 years. Car insurance (except liability and UM) is also a complete scam, unless you suck at driving or like to chase deer and fiat-financed your car at a stealersip (again, then required). Providing 'safety' feelz to the non savers in exchange for the monthly vig.

There is a reason all the high rises are built by insurance companies and banks: it is a massive rip off - where the house makes Vegas casinos rake look like Mother Theresa.

Sorry, I enter the conversation skeptical🤣.

How does the $5 Wrench attack insurance pencil out? $X per $ thousand per year/month? Is it actually underwritten to the individual and their risk profile? Not sure. So after a big hack, will they jack rates across the board ("Katrina was the excuse for about 5 years to raise rates in the great plains)? Finally, as I understand it from the pod shilling, after the ransom claim is paid you forfeit your Bitcoin to that extent anyway. Sure, there's some narrow use cases where it might help . . .