Nicholas Charriere
@pushix
If you look at the fortune 500, or even fortune 100, the amount of insurance companies in there is astonishing. This confirms my suspicion that insurance is by and large operated in an abusive way. I think web3 could help solve some of this, but it's really not sexy. I hope some founders tackle the problem.
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Sam (crazy candle person) ✦
@samantha
What do you think the solution looks like?
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Nelson
@nelsonmckey
Regulatory protected value capture is probably more accurate a diagnosis. A few operators are permitted to incrementally “abuse” the system, as long as they promise to try not to blow everything up. Hence a whole army of startups try to disrupt the industry and fail every year due to this moat.
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Picnic
@picnic
Yes. Anyone use cozy.finance?
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↑ j4ck 🥶 icebreaker.xyz ↑
@j4ck.eth
i agree have you seen Opolis? idk the details but have 1 friend who uses it https://opolis.co/explore/benefits/
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Nico.vibe
@n
Remember kids that Delta Dental is a nonprofit :)
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Tayyab - d/acc
@tayyab
I agree with you. This has existed for a while: https://etherisc.com/
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Max Jackson
@mxjxn.eth
I definitely always thought that insurance would be one of the big things DAOs would tackle, bringing ethical practices to that realm for a change
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Leo
@leosn.eth
https://amulet.org/ Amulet interesting example, looks like they’re currently, er, not doing any service
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Father Morwen
@rev-morwen.eth
I think DAOs can be a potential solution to this, ie insurance managed by the bottom up as a public good. OC, there's a lot of governance challenges in DAOs that still need solving.
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Borg
@ruz.eth
Yeah, millions of employees doing a job that code can largely do for free. Just like banks. Replace ‘em all.
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