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We are talking about two different things. You are talking about a future with hard money and people save up for things with hard money.

I’m talking about the reality of most people today. Today people make logical choices to buy insurance and for them it is not a scam.

Same thing with a house. If it burns down and you have no insurance, you still owe the mortgage. If you had not yet saved enough in bitcoin at the time of the fire, you are screwed, and that is why it is logical for many to buy home insurance.

It is often logical for those with little to no resources. For example, if one has young children but no resources, it is logical to buy life insurance until the time they can save enough to not devastate their children financially if they were to die.

Yes, in most cases people would be better off if they self insured through bitcoin. But sometimes people can’t do that and buying insurance is logical.

Nope. People voluntarily pay into a system knowing the will likely lose money, so that if, and only if, shit happens they will get a lot more money out than they put into insurance premiums.

If people got their money back if shit didn’t happen to them, there would be no money to pay to those whose who had bad shit happen to them, as insurance premiums total only a small fraction of potential losses on that thing being insured.

Many of the people who have shit happen to them get multiples more money back in insurance than they gave to the insurance company, and this is subsidized by those who didn’t have shit happen to them.

It’s like bitcoin pre 2013

Replying to Avatar Lyn Alden

I rarely lose my temper, but whenever I do a couple times per year, my writing gets 10x as much reach and likes and shares, and gets basically immortalized. But I'm rarely happy about it when it does.

I still think about this a lot in terms of how I choose to use social media- with reach comes responsibility.

It's both a bad thing and a good thing. On one hand, it's not great that posts based on a combination of emotion and reason get *way* better reach than ones based on more pure reason alone. For "clicks" the best thing I could do for a given post is lose my temper and go all-out on something.

On the other hand, the rare cases where I lose my temper are based on serious built-up frustrations over months. I'm frustrated about something, keep holding it back, and then something becomes intolerable. My socially-compliant self-censorship all unravels at once, not perfectly, but with a clear aspect of *deep* honesty. And people see that honesty because it reflects their own. So it spreads.

So, most of the time, I write carefully, and I know my audience comes from multiple different backgrounds, literally from Indonesian farmers to Wall Street institutional billionaires, and I try to politely move the Overton window from within the Overton window. But a couple times per year, I lose my temper and post my emotional thoughts, which in some ways are more honest, but are also not exactly my ideal self-actualized self.

I end up being grateful for both my constant attempt at control and my rare tempers, because somewhere in the middle is my truth. That blend between controlled reason and built-up emotion is really hard to manage in an era of digital media and semi-immortalized content.

Anyway, I'll post this random stuff on Nostr, not Twitter. You guys and girls get the real thoughts because you're here.

Real thoughts get real zaps.

Where is the 800k Block party?

Are there any good general news follows on #Nostr ?

Replying to Avatar Caitlin Long

GM fellow Nostriches!

nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gxā€˜s podcast with nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx is a *MUST* listen. Matt opened my eyes to many things happening at Twitter & independent media by putting pieces together for me in a way I hadn’t heard before. We all indeed need to work every day to build #Nostr’s network effects — for most of us, by simply using it more. My goal is to be here every day, and I hope you make it yours too.

h/t nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a for the recommendation. I saw your tweet about it & you’re right — it was the most thoughtful content I’d heard in a long time.

šŸ™

Here here!