Along with this, everyone praising the supposed benefits of digital lending forget that they had no actual idea of how it would work. There are no details. Microsoft never defined what "family" meant, and nobody has any idea of how the system would be implemented. People were praising a feature that literally didn't exist.
[Phil] Spencer: We don't have a lending solution today.
Kotaku: You might have one?
Spencer: We don't have a path... I don't want to make a commitment to somebody without a plan of record on how that lands. I could over-promise, under-deliver on the features. I don't want to do that. I want to make sure. I understand how gifting is going to work. I understand how the secondary market is going to work.
[Phil] Spencer: We don't have a lending solution today.
Kotaku: You might have one?
Spencer: We don't have a path... I don't want to make a commitment to somebody without a plan of record on how that lands. I could over-promise, under-deliver on the features. I don't want to do that. I want to make sure. I understand how gifting is going to work. I understand how the secondary market is going to work.