Looking for good videos about Bitcoin and time horizons.
100 sats \ 4 comments \ @EatBussy 7 Oct 2022 bitcoin
I have read "The Bitcoin Standard" and in it it discusses Bitcoin and time horizons. This got me to thinking about why companies chase short term profits instead of long term goals and I don't know if I understand why.
I am curious if anyone had any materials or insight into this. Why is it not enough for companies to just chase the same profits they made in a previous year? Why do profits need constantly increase and are fueled by short term goals? This does not seem sustainable.
Is this a problem of capitalism, the money system, or both and why?
How does Bitcoin incentivize people and companies to think and have long term goals? I understand the value of Bitcoin increases long term, so if you save it you obviously have more capital down the road but how would that remove incentive for companies to think short term?
In a system where companies exploit their workers and resources for profit, how does Bitcoin remove the incentive to exploit workers and resources for profit?
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0 sats \ 2 replies \ @DarthCoin 8 Oct 2022
How does Bitcoin incentivize people and companies to think and have long term goals?
Read: https://fee.org/articles/what-gave-bitcoin-its-value/ https://nakamotoinstitute.org/mempool/speculative-attack/ Watch: Bitcoin documentaries playlist
Is this a problem of capitalism
If you go down that path, you are lost... HFSP.
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0 sats \ 1 reply \ @EatBussy OP 8 Oct 2022
I think its better to explore paths. You don't have to commit to any particular path, but understanding the path is helpful. To deny capitalism is a problem also means one is lost. I don't know enough to argue for or against free market capitalism but I also recognize that actually not much would change under a socialized system either. Neither in my opinion seem very great. In my observation it does appear to be more of a problem with the money system than the economic system but they are so intertwined it is sometimes difficult to find clear lines between both.
My view is you cannot build any economic system on top of a broken money system and until that is fixed I am not sure we can even have an honest debate about how the economic system can work because there has been no point in history where it has worked for any sustainable amount of time, no matter the *.ism.
Thanks for the links, I will check them out.
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0 sats \ 0 replies \ @DarthCoin 8 Oct 2022
Read the book: Sovereign individual
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0 sats \ 0 replies \ @ln_cortado 8 Oct 2022
That's just what the stock market expects and values them on. And the companies are usually incentivized to optimize on that.
I think the question to answer is why does the market want that? Incentives again. If the government can give you a 5% yield (back in the good old days) , why risk it in a company that can fail? It better give more than 5% for that risk!
But also - competition; If your revenues stay the same but your competitor is growing theirs, you're likely losing or about to lose.
re: exploiting workers, I never see that ending. Exploitation is a different thing.
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