Vitalik: The insurance DAO model is underestimated, the symmetric model can bring more fair incentives

Ethereum co-founder Vitalik Buterin posted on social media saying, in my view, insurance DAOs are underestimated. People who worry about similar risks pool their funds together and agree to provide protection for anyone exposed to risk. The symmetrical model ensures less imbalance of interests. If necessary, the DAO can still hire professional claims judges, but their incentive is fair and just because every participant doesn't know if they will be the next beneficiary. Similar models have existed in the past and even persist in some places today.