Topic: Covid19.insure - your opinions? - page 2. (Read 508 times)
the project is unclear ... it is more towards people who take advantage of the opportunity ... I'm sure the website will goes to scam project
I bet that this is more of a scam than anything else as cyber criminals are taking advantage of the current Covid-19 situation.
So if I'm in the OP's shoes, just be careful, instead of getting some help, it might give you a false hope in the end, IMHO.
So if I'm in the OP's shoes, just be careful, instead of getting some help, it might give you a false hope in the end, IMHO.
I share this opinion, a lot of Corona based project on Cryptocurrency are coming out, people should be very careful we don't know who are the people behind this project, they just want to make profit from this pandemic which is not right, we must just focus on the top coins in the market and help to get it back on track.
The website doesn't explain things very well. So if you die, your relatives upload your death certificate and then the other users of the fund "vote" on whether or not to pay out?
A couple of things:
How are they going to protect against fraud? It is trivially easy in some countries to get fake death certificates or other such documents.
There is no incentive for people to vote against every claim. Selfish people could quite easily vote down everyone else's claim, hoping to then get more money for either themselves or their friends.
There is also no link to the smart contract yet, so it is impossible to tell whether it will actually function as advertised or whether this is just a scam.
A couple of things:
How are they going to protect against fraud? It is trivially easy in some countries to get fake death certificates or other such documents.
There is no incentive for people to vote against every claim. Selfish people could quite easily vote down everyone else's claim, hoping to then get more money for either themselves or their friends.
There is also no link to the smart contract yet, so it is impossible to tell whether it will actually function as advertised or whether this is just a scam.
Quick question regarding the concept in bold. Is there a limitation on *who* can vote. For example, it would be much more secure for users who had coverage before the claim to be able to vote, but users who signed up after shouldn't have this privilege. The problem is, how do you define that date.
There is a major flaw in the sense that someone could very easily abuse this though premeditation:
For example:
Step 1. Create fake death certificate.
Step 2. Buy in to the program with plenty of fake accounts. At-least a number higher than the average of users who vote.
Step 3. Using the fake death certificate, make a claim.
Step 4. Using the fake accounts, vote in favour of the death certificate.
This is the one area where centralized control over the claims may be better, or you'll have to have insane KYC practices in order to get rid of abuse - neither of which people are going to be very friendly towards.
Quote from: http://covid19.insure/#rec168514111
If more, than 50% vote positively, 10% of all unclaimed funds, but not more than equivalent $100 000 are reallocated from the smart-contract to the claimer`s wallet
One thing is for sure insurance/reimbursement claims doesn't work this way. Why the hell would a group of people vote on your insurance being claimed if you are really positive with the COVID-19? When you have a sickness covered by your health/medical insurance it doesn't go to this kind of process and surely they don't have a voting system for claims of their insured. If you want some kind of protection from medical bills go with a local insurance company itself that covers viral diseases instead of wasting your time and money on a broken system like this.
I found covid19 insurance project- covid19.insure. It’s p2p foundation for supporting people with coronovirus disease launched. What do u think about it ??
There is no need for further research about it. Even for a first look, it's not trustworthy.
If you want to help, you can donate to your reputable organizations in your country.
If you want to receive some help, there should be an organization where you can ask for assistance but in most of the cases, it's automatic especially in an area where there is a great number of confirmed cases.
I bet that this is more of a scam than anything else as cyber criminals are taking advantage of the current Covid-19 situation.
So if I'm in the OP's shoes, just be careful, instead of getting some help, it might give you a false hope in the end, IMHO.
I also believe this kind of project usually done more worse than good because it was not suported or partner with any health agencies and NGO organization which well know. Besides, nothing guarantee all the fund collected will be well used.So if I'm in the OP's shoes, just be careful, instead of getting some help, it might give you a false hope in the end, IMHO.
OP, if want something insure in this pandemic season support and help the health body in your country to fight the virus
In addition to the above comments:
- The "COVID-19 counter" on that website isn't even live (it shows 201,503 [archived] but as of this moment it's actually 297,554 [archived]).
- Based on his/her "trust ratings", it's safe to assume that this user is just attempting to scam.
There are just 3 links on the website. Something that explains how it works. If you go to donate then it asks you to visit their social media links and of course "Join".
There is no verified smart contract to show how the funds are locked or how they will be disbursed. I would say it is a shameless scam at worst or an attempt to make a database of documents from people at best. The website as of yet is only asking for "interest". Why would someone come up with such a foolish idea. Claim settlement on blockchain could actually be quite possible but the infrastructure and trustlessness needed to maintain the privacy would require more than starting an asinine website at the time of a universal calamity.
Frankly, i wish people stopped coming up with these ideas trying to rob people with sob stories. These stupid stories about how 1 dollar is a lot for them, give them hope, oh the poor. In the words of the great George Carlin, "Fuck the poor". This is pretty much bullshit.
There is no verified smart contract to show how the funds are locked or how they will be disbursed. I would say it is a shameless scam at worst or an attempt to make a database of documents from people at best. The website as of yet is only asking for "interest". Why would someone come up with such a foolish idea. Claim settlement on blockchain could actually be quite possible but the infrastructure and trustlessness needed to maintain the privacy would require more than starting an asinine website at the time of a universal calamity.
Frankly, i wish people stopped coming up with these ideas trying to rob people with sob stories. These stupid stories about how 1 dollar is a lot for them, give them hope, oh the poor. In the words of the great George Carlin, "Fuck the poor". This is pretty much bullshit.
I bet that this is more of a scam than anything else as cyber criminals are taking advantage of the current Covid-19 situation.
So if I'm in the OP's shoes, just be careful, instead of getting some help, it might give you a false hope in the end, IMHO.
So if I'm in the OP's shoes, just be careful, instead of getting some help, it might give you a false hope in the end, IMHO.
The website doesn't explain things very well. So if you die, your relatives upload your death certificate and then the other users of the fund "vote" on whether or not to pay out?
A couple of things:
How are they going to protect against fraud? It is trivially easy in some countries to get fake death certificates or other such documents.
There is no incentive for people to vote against every claim. Selfish people could quite easily vote down everyone else's claim, hoping to then get more money for either themselves or their friends.
There is also no link to the smart contract yet, so it is impossible to tell whether it will actually function as advertised or whether this is just a scam.
A couple of things:
How are they going to protect against fraud? It is trivially easy in some countries to get fake death certificates or other such documents.
There is no incentive for people to vote against every claim. Selfish people could quite easily vote down everyone else's claim, hoping to then get more money for either themselves or their friends.
There is also no link to the smart contract yet, so it is impossible to tell whether it will actually function as advertised or whether this is just a scam.
I found covid19 insurance project- covid19.insure. It’s p2p foundation for supporting people with coronovirus disease launched. What do u think about it ??
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