Mark Moss

Half a billion.

I know my wife used to use it all the time, and I never hear her talking about it anymore.

I know a lot of people used it.

And I think what I've heard is the retailers really found out that it wasn't really a way to get good long-term business.

So they were selling all the lost leaders, but then they never recouped the difference of the lost leaders.

So I think the appetite went down from the business owners, and I think that was a big drawdown on that.

But even from the customer, they didn't really establish relationships with the retail establishment.

So, for example, they went to the massage parlor or whatever.

They went to get the Botox.

But they would just chase the best deal, and they wouldn't actually develop a relationship with that provider.

And so I don't think either party really benefited.

It didn't turn into a long-term plan.

But back to the BNPL, I think it will have staying power because people are always going to need to borrow money.

The need to borrow money will always be there's always going to people who have money that want to loan it.

Yeah.

And there's always going to be people that need to borrow it.

Yeah, I think when I hear this, I just think about the late stage fiat system that we're in.

It's systemic to that.

It's the same reason why Trump and Powell are openly fighting right now.

We have inflation that's raging.