jamw on Nostr: 💯- they don’t give a toss about repo either and the default process is largely ...
💯- they don’t give a toss about repo either and the default process is largely automated. The fees AND huge interest rates (after the interest-free period expires) cover that and more. Scale all that up to millions of users who choose this option entirely BECAUSE they don’t have the money and you’ve automatically captured the ideal customers who are more likely to not make/miss a payment.
Published at
2024-06-29 11:21:19Event JSON
{
"id": "2eacbc532af43c33a595df2c3ed90042607ca833901e6102d579ecc355b21e17",
"pubkey": "7b394902eeadb8370931f1903d00569545e84113fb6a09634664763be232009c",
"created_at": 1719652879,
"kind": 1,
"tags": [
[
"e",
"06e36fedb24f29fe14dc0135067da63cc6bb020cf6ce2470b2811713b164e95f",
"",
"root"
],
[
"e",
"77aa42f796b667ede97850d35966eb58cecb599d60290a0532947dd9ec6563ef",
"",
"reply"
],
[
"p",
"7ecd3fe6353ec4c53672793e81445c2a319ccf0a298a91d77adcfa386b52f30d"
],
[
"p",
"d49a9023a21dba1b3c8306ca369bf3243d8b44b8f0b6d1196607f7b0990fa8df"
]
],
"content": "💯- they don’t give a toss about repo either and the default process is largely automated. The fees AND huge interest rates (after the interest-free period expires) cover that and more. Scale all that up to millions of users who choose this option entirely BECAUSE they don’t have the money and you’ve automatically captured the ideal customers who are more likely to not make/miss a payment.",
"sig": "f0171ca4aa25f92cbd939084c2e1fa58335c94379ee9a9899369b7de8751be3ea3483feda3ac35894754ccf6d9c508fcc1090265bb6d18109bc0e2ebc0eb72e6"
}
