Yes, I think everyone here is smart enough to know the risk of bad debt, not only you and your Hongkonger.
At lease Afterpay is working on the fraud and bad debt. It shown us the bright future. Why Afterpay not working on the fraud and bad debt at the beginning? I think you also smart enough to figure it out. IMO, market share is more important than the bad debt issue at the early stage, and also they need more and more data to do it.
At the early stage of PayPal, they also has huge fraud and bad debt. Do you think PayPal is a rubbish?
You think the bad debt is too risk for afterpay, you can short it. Otherwise, you can buy Z1P or any others whatever looks better for you. It is all up to you. But if you think shout the bad debt again and again to make you looks smarter, I doubt it.
APT Price at posting:
$8.18 Sentiment: Buy Disclosure: Held
