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Joined 6 months ago
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Cake day: June 8th, 2025

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  • leftzero@lemmy.dbzer0.comtoMicroblog Memes@lemmy.worldFediverse Meme
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    33 minutes ago
    • Insurance. Some big instances have closed down, others regularly go into maintenance, you never know when one might decide to enshittify itself. Federation gives us the ability to use a different instance if needed, and it costs nothing to have some accounts ready to use should you be unable to use your main one.
    • Compartmentation. Wouldn’t want to open the account where I’m subscribed mainly to porn on the bus or at work.
    • Access. Not all instances federate with the same set of instances. Having accounts on instances with different federation policies lets you access more of the fediverse.

















  • The idea is that what you pay goes to a fund that is used when the insurer has to pay a client, therefore socialising the costs of fixing whatever the clients insured.

    If every client could get their money back, the company would likely have less money available for the payouts (and would risk everyone taking their money out once a big payout is due), and might go bankrupt if too many payouts come up at once.

    So instead the idea is that ideally you end up paying less than you’d get if you needed to fix whatever you’re insured for… but it’s like a bet: you bet that shit’ll happen before you’ve paid more, the insurer bets that it won’t.

    Of course, though, like in all businesses based on gambling the house always wins.

    Even if they weren’t scamming you, they’ve got actuarial tables telling them how much you have to pay to make sure they’ll have a certain amount of profit… but of course they are scamming you, and they’ll do everything possible to avoid paying you even in the unlikely event that you fall on the wrong side of the actuarial table.