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21 sats \ 1 reply \ @cristaiji 17 May \ on: Time Preferences and Life's Curve Balls culture
I learnt about time preferences from Saifdean Ammous and The Bitcoin Standard book.
My basic understanding is that firstly we need to develop a degree of self discipline around spending habits. Learning to save, delay gratification etc.
Secondly it's the ability to develop the emotional calm to ride the volatility and bear markets inherent to bitcoin. In other words not to panic when BTC has a dip.
And then lastly to be able to think long term about bitcoin - perhaps 10 or 20 years into the future.
I love how concise, yet comprehensive your answer is 👍. Much food for thought.
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