249 sats \ 0 replies \ @kepford OP 8 Apr \ on: Time preference - Mises Wiki econ
One of the things I notice in people is a lack of interest in why. As a very curious person I have never understood this. I see this most dramatically in crypto people. Often they find out I'm into "crypto" only to discover I'm bitcoin only. The exchange usually goes like this.
I ask, why do we need the crypto they like? They never have good answers. I know some people do have good answers, I'm speaking of my personal experience. Then they usually say they like bitcoin too. I will ask them what problem it solves. They usually don't have good answers there either.
I really dug into bitcoin when it dawned on me that it was designed from a very Austrian economics perspective. The more I dug the more I found that bitcoin was designed as a response to the problems in the world. For me personally it was pretty eye opening. Now, most people are not coming from a background reading about economics. Especially not Austrian economics and those crazy libertarians. NGU gets most people into it. They may not trust the state, or not like one team but they usually aren't coming from the angle that bitcoin was designed from. I think this is the disconnect. In the end, I don't think it matters. Bitcoin wins because it follows the incentives that win.
For those of you that are curious though I recommend going down the Austrian economics rabbit hole if you want a deeper understanding about why we need bitcoin. If not, you don't need to. Just stay humble and stack sats.