What ever position you find yourself in its because of decisions you have made in the past. Insurance companies will not go out of business because of the blockchain, they will go out of business because they chose to put the odds on their side and not pay out legitimate claims. Solutions are developed because of an existing problem. If there was no problem then solutions like what the blockchain could solve would never have been invented in the first place.
Below is an article about a life insurance policy, where the individual was killed in a shooting, and they refused to payout because they claimed the man didn't disclose the fact that he had diabetes. Are you kidding me!
The company eventually paid out because of the publicity. This is the exact reason why insurance companies will go out of business, not because the blockchain was invented but because they are theives.
I understand what you're telling... There are loads of bullshit contracts on the market, and even more bullshit companies... I know, because I work with them every day! Here, in Belgium, the market-watchers have made a new law, where the broker can be held responsible if an insurance firm doesn't do what it should do!? By this, the small fish will pay for the "crimes" the too big to fail make! Insane but real life truth!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Cures for Cancer are Fact: It is not Chemo
And this 2014 paper (found here: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4010966/)
Life Rhythm as a Symphony of Oscillatory Patterns: Electromagnetic Energy and Sound Vibration Modulates Gene Expression for Biological Signaling and Healing
INTRODUCTION—BIOLOGICAL RHYTHMS: MUSIC MEETING SCIENCE
"All life exists within a sea of vibration, and rhythm is fundamental to all of life. Diurnal, seasonal, lunar, and solar cycles, and the resonant electromagnetic field (EMF) oscillations of our planet make up the symphony of rhythms in which life on Earth exists. As life evolved amidst these natural rhythms, they were integrated into many basic human biological responses, which coincide with diurnal and seasonal cycles1 and the many aspects of human and animal behavior and physiology that are correlated with the phases of the moon.2 From the basic activities of daily life to our relationship with the animals on Earth,3 human society is structured around the moon's rhythm, and deeply rooted monthly circadian rhythms govern human sleep patterns, persisting even in isolation from our conscious awareness of the lunar phase.4 Our lives contain a seeming infinity of rhythms, with vibrations at the atomic and molecular levels and within biochemical reaction rates. The physiological correlates of the rhythms of the breath, heartbeat, and brain have been extensively studied and shown to be intimately related to our emotions, thoughts, and psychospiritual state. For example, respiratory output is coupled to a complex interaction between the brainstem and higher centers connecting the limbic system and cortical structures, thus creating a basic link between breathing and the emotions.5 A substantial body of research has demonstrated the fundamental interconnectedness of mind and emotion, brain and heart rhythms,6 variations in circadian heart rhythms have been shown to correlate with psychiatric disorders,7 an emerging language for interpreting brainwave electroencephalogram (EEG) rhythms is now allowing a deeper understanding of the relationships between EEG rhythms, cognition and neuropsychiatric disease,8 and pulsa-tile dynamics in genetic circuits is essential for the temporal organization of cellular stress response, signaling, and development.9 The thread that connects these various studies is the impact of rhythm and the notion that rhythms can communicate bio-information that governs a wide variety of functions, including that of guiding living beings towards health and well-being..."
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I agree with you that the insurance companies are thieves. If you look at the big picture, Bankers, Lawyers, Judges and Insurance companies are all cut from the same cloth. Politicians also fall into the same category, however, they are a different species of scumbag. Don't think for a minute that any of the above have any semblance of care about you. Yet they keep feeding us the same bullshit and we keep supporting them. The blockchain and smart contracts are the way of the future. If we really got serious about it, all of the above would not be necessary and I believe in time, all of them will be replaced by the blockchain. I say good riddance and good bye. I can say this as I have been on both sides of the fence. All insurance is selling fear. If there was no fear, there would be no need for insurance. Think about that for a minute or 3.....
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice work....upvoted
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I agree with you @ryanreynolds 100% it's all just a way to scam us out of our money. The same concept lies with car insurance, health, and dental as well as all the other leeches called insurance. Imagine all the funds collected from people who go their whole life just paying out of pocket and never use the services, then time they really need it the company finds some clauses that disqualifies the family in need. There are solutions out there but the people are too blind to see them. Peace be with you
#circleoffriends
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit