the goal in getting you to finance something isn't to get you to default and come after you, it's to add layers of margin
think about rent a center or Aaron's
you can buy a Nintendo switch for $300 but they hook people into lease payments where the nintendo comes out at $1200
they make money if you pay, not default
in fact their almost are written to predict if you'll default, if they think you will you don't get approved
this is why financial data is so valuable
#Bitcoin fixes this
cubans
npub17n…p4u85
2025-03-21 23:44:02
Author Public Key
npub17nvfw7g53nxjghyd2zg552z06cke0jc0k69hj7ns7f9pw26j9kusap4u85Published at
2025-03-21 23:44:02Event JSON
{
"id": "701819a02346f27d76aa1f01263ad88029a3887b2d5d4457771750b2534a82af",
"pubkey": "f4d89779148ccd245c8d50914a284fd62d97cb0fb68b797a70f24a172b522db9",
"created_at": 1742600642,
"kind": 1,
"tags": [
[
"t",
"Bitcoin"
],
[
"t",
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],
"content": "the goal in getting you to finance something isn't to get you to default and come after you, it's to add layers of margin\n\nthink about rent a center or Aaron's \n\nyou can buy a Nintendo switch for $300 but they hook people into lease payments where the nintendo comes out at $1200\n\nthey make money if you pay, not default\n\nin fact their almost are written to predict if you'll default, if they think you will you don't get approved\n\nthis is why financial data is so valuable\n\n#Bitcoin fixes this",
"sig": "80c522f0d975da3b679720ab281c9e05537dffe522228d24d0dbba4bcd70179ff0a043157ae07f0c8afd494a993b4b1cc2e9d80b61f2bbaa03e136c982fb6b9d"
}