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21 sats \ 2 replies \ @kepford 30 Sep 2023 \ parent \ on: Without good money, there is no _____ meta
Bad money discourages low time preference. It encourages low time preference activities including dishonesty and theft. Of course these also exist in a hard money society but they aren't encouraged in the same way.
think u meant high time preference in the 2nd sentence haha but yes i agree, good money is all about the incentives it provides, hard money happens to incentivize more positive long term behavior
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Yep, need coffee
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