utxo the webmaster 🧑💻
· 1w
Insurance companies are sick gamblers
They're like yo bet you $127 a month you won't die unexpectedly
Basically, all financial products, including insurance, are just a gamble. But to be more precise, that 'gamble' is just an excuse to take people's money. They collect cash from users under that pretext and use it to buy assets. In the end, they’re just shorting the dollar using our own money, and we’re paying them a fee to do it for us. We could literally just do it ourselves for free.