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0 sats \ 4 replies \ @Solomonsatoshi 7 Oct \ parent \ on: What “obvious” Bitcoin product hasn’t been built yet? AskSN
Life insurance is simply enabling more fiat debt.
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7 sats \ 3 replies \ @BeeRye 7 Oct
sure. i am not advocating for the product if you thought i was.
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0 sats \ 2 replies \ @Solomonsatoshi 7 Oct
Fair enough although I would suggest that Bitcoin makes life insurance (and many other fiat derivatives) increasingly irrelevant.
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0 sats \ 1 reply \ @BeeRye 7 Oct
Someday, perhaps.
Bitcoin can be used to express all risk that insurance markets cover. If you have enough and hold it for long enough and live a cashflow positive life. But very few people can get there.
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0 sats \ 0 replies \ @Solomonsatoshi 7 Oct
Yes we are still mostly trapped within the fiat debt monetary cycle and paradigm and only slowly as more people can escape via Bitcoin a transition might result.
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