True Peer-to-peer Insurance Requires the Blockchain to Work

Rewritten excerpts updated

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True peer-to-peer insurance has blockchain in its DNA

These two features have enticed men to their doom

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Unimpeachable record keeping

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Revocable trusts — During the life of the trust, income earned is distributed to the grantor, and only after death does property transfer to the beneficiaries. *cough*shellgame*cough*

Immunity from unfavorable regulations

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How the technology accomplishes this task

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Perfect data integrity and regulatory arbitrage are built upon two key technologies:

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Do smart contracts become 3rd party custodians when they hold premiums?

The individual lock box analogy

Why must all balances be reconciled to zero each month?

Why can’t we just use the banking system instead

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https://cointelegraph.com/news/cryptocurrencies-vs-banks-advantage-of-decentralized-financial-systems

This is because there has never been, nor will there ever be, another payment technology in all of human history more uniquely suited to achieving regulatory arbitrage.

TandaPay Cannot Be Regulated

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Written by

Incentives architect for TandaPay

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