So far as I'm aware, insurance companies aren't allowed to jack up rates because of a threat of external property destruction

sure they can

They can, but it would be generally frowned upon to do so pre-emptively

my friend phoned his insurance company to tell them someone broke his window wiper... which he paid for himself... later that month he got his insurance bill.. which nearly doubled

@Graylan | gray00 it is similar to steemit where ppl can super-like posts to give it more publicity and to contribute to the author with real money, minus the pyramid scheme-ness of steemit. I made a short post describing my motivations for creating it here: https://www.vlnc.co/post/XXTMYJQNoBMZZ4SBb

they classed it as "theft"

But that's not a threat of external property damage, that's actual external property damage

and put him in a high risk of theft area

well, regardless it depends on your contract with the insurance company

I'm saying a threat of such doesn't let the insurance company jack up rates

a lot of property insurers will have clauses saying they reserve the right to increase premiums in particular circumstances

@vlnc.co cool. i understand people's concrern about steem. but the thing is it's free to pull data from the chain. also free to sign up

so i kinda disagree with its a pyramid

maybe its different in the UK

I doubt any would say that if ANTIFA threatens you for not being "diverse" enough then your premiums go up

It's no more a pyramid than say Tesla stock

9.5% inflation per year. means without new users price goes down

a threat by an official terrorist organisation could easily be reason for jacking up premiums

so in that way yes, pyramid. but it requires no money to earn.. Plenty of friends have earned 15,000usd in a year or so with no initial investment

whales invest give it value really. like btc at year two has high inflation and large % of steem owned by @steemit account

It might be a reason for jacking up premiums, but as I said earlier, it would be generally frowned upon or considered bad business practice

Generally, insurance companies are not supposed to jack up your rates unless you're the one at fault

this sounds like a matter of fact rather than opinion and nobody has cited any sources

the best feature steem provides is an unchangable ledger . for example im building service that reviews journalists. via delegated stake

Granted, I'm not entirely sure on that because I've never had my insurance rate go up from anything except moving to an area with higher base rates

insurance companies in USA are probably regulated and have limitations on why they can and cannot increase premiums

you cant do that on BTC . only BCH. and bch has fees

true, but i'm concerned that the devs own like 80% of the token value, and the voting power differences. it's good to hear that you and your friends have seen success on the platform, perhaps i should give it another look

so reviewing jouranlists is not going to be easy when you have to pay to view them

@vlnc.co it's around 70% you can view their accounts.. @dan @ned and @steemit via steemd.com for example steemd.com/@steemit

and yea im watching all the major stake accounts

if they want to dump on us i will write an article and it will be known lol.. Ned is powering down, but hasnt dumped

^ good to hear that its down to 70 now

ned also has a video where he responds to the % question

cool ill have to check it out

btw vlnc is free to use as well, and donations are fixed at $5 so everyone has the same voting power

i wanted to avoid the effect of whales manipulating a certain narrative

yea i think i may do a post about it

cuz it's cool

❤

im a fan of anyone who does freespeech minds, gab etc