<oembed><type>rich</type><version>1.0</version><title>jimmysong wrote</title><author_name>jimmysong (npub10v…psp42)</author_name><author_url>https://yabu.me/npub10vlhsqm4qar0g42p8g3plqyktmktd8hnprew45w638xzezgja95qapsp42</author_url><provider_name>njump</provider_name><provider_url>https://yabu.me</provider_url><html>I canceled my credit card of 29 years yesterday.&#xA;&#xA;As rates go up, fiat mechanisms like credit cards make less and less sense. One of the realities of hyperinflation is that ironically, there&#39;s no consumer credit to be had anywhere.&#xA;&#xA;I&#39;ve always thought that Bitcoin as method of payment would come about when merchants demand it. Now I&#39;m thinking that there might be some pressure on the consumer side as well, as the cost of credit cards goes up.</html></oembed>