33 sats \ 2 replies \ @gmd 8 Apr \ parent \ on: An Inch Deep and a Mile Wide mostly_harmless
Yeah I definitely see what you're saying. I just think we extrapolate too far too often in attributing what is inherently caused by fiat and what is caused by normal chimp brain induced flaws like greed which can certainly be seen with hard money. Low vs High time preference are ideals I don't think really has anything to do with bitcoin... we certainly see lots of people lose their BTC chasing more BTC.
Anyway I don't mean to derail your thread, just some random thoughts probably better reserved for a Meta post.
Created a post in econ about Time Preference for those interested in learning more about it as an economic concept.
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Fair enough. I haven't written out my reasoning connecting all the dots in my thinking here. It might interest you to know that I actually didn't have a clue that bitcoiners talked about time preference for years. I learned about this subject area from economics, not bitcoin. Its not an ideal as many bitcoiners state. Its a calculation everyone makes every day many times a day. Its a fascinating topic to me. High time preference has its place just as low time preference does. In the end its all about incentives and their side effects.
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