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RE: Community backed insurance and tax on the Blockchain? (discussion)

in #blockchain8 years ago

Thanks, I have not a lot of experience with insurance companies other than being screwed over a couple times. I do know of the mutuals but, they seem more alive in idea than practice now as most appear to be much more 'regular' than community. But again, I am unsure.

Regulators are always going to be the issue I think until a system is built that cuts them out of the conversation.

Are there enough people to cover a large claim?

What if it is a percentage of the tax system itself rather than being separated out?

A solution is a long way off it seems at this point but, it is interesting to think about for potential future applications to move towards in some way.