Oddbean new post about login | logout For a phone being shipped for monero, how would that work? Because we're not collecting credit info the way those companies do. It's not like I'm gonna show up at your frontdoor
layaway is different from credit. With credit, you are giving the person the device and hoping they pay you back. With layaway, the person says I want this device and I will pay for it in four installments or something like that and you keep it until you get the money and then you just ship it out as a regular product.
Ha, I guess. But why would they trust me over just saving up in a wallet they own? It's sort of like a weightloss deal to themselves? "I will become private"
big retailers used to offer layaway and its a big thing during downturns in the economy. In fact, I think the concept was invented in the Great Depression and was used a lot again during 2008. A lot of people do not have financial self-control. So if they have a retailer holding the money for the product for them, then they will not spend it on something else, which they might otherwise do.