It seems like youre letting reality get in the way of a good story.
Many members are not interested in fundamentals, but in simply getting out at a higher price than they got in.
BNPL as a sector, is like reading a novel where you know the ending.
As a sector, it has as much competitive advantage as the videotape, and none of the utility.
A lovely idea, well packaged and executed, but not contributing to anything and simple smoke and mirrors
that is very quickly dissipating and cracking.
Younger people are quickly finding that putting stripes on the car doesnt make it go faster
Maybe the founders will give back some of the millions they sucked out of investors.
$1 party, page-359
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