Already did that several months ago. It was liberating.
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.
Iām 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.
It takes time. I give it one more 4 year cycle. By 2025-2029 I think
all bitcoiners will have all Twitter Cost Averaged into Nostr.
Yes, in most cases people would be better off if they self insured through bitcoin. But sometimes people canāt 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 didnāt 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 didnāt have shit happen to them.
JFK
TCA - āTwitter Cost Averageā
I deleted all except Nostr, but with that many followers you should TCA into Nostr IMO.
Alternative aggregator (dunno how "good" it is);
nostr:npub1mxq4j8sw5c2nhp58k2hdvu9t0kdkcwksrz3kpv5zpv70pa7q4cmsqgfcal
Let me know if you find more!
Thank you and will do!
GM fellow Nostriches!
nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gxās 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 hadnāt heard before. We all indeed need to work every day to build #Nostrās network effects ā 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 & youāre right ā it was the most thoughtful content Iād heard in a long time.
š
Here here!