ABitSpicy on Nostr: Reading The Bitcoin Standard by saifedean this morning. I was moved by the ...
Reading The Bitcoin Standard by
saifedean (npub1gdu…6nak) this morning. I was moved by the highlighted paragraph, connecting a high time preference in monetary terms to a high time preference elsewhere in society.
This helps explain the societal decay we are experiencing in the USA. It also provides us with the solution: transitioning to a sound form of money that encourages savings (low time preference) over mass consumption (high time preference) will repair the societal issues we face today.
If only there was a sound form of currency with a fixed supply……
#BTC
Published at
2024-09-08 13:25:47Event JSON
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"created_at": 1725801947,
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"content": "Reading The Bitcoin Standard by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak this morning. I was moved by the highlighted paragraph, connecting a high time preference in monetary terms to a high time preference elsewhere in society. \n\nThis helps explain the societal decay we are experiencing in the USA. It also provides us with the solution: transitioning to a sound form of money that encourages savings (low time preference) over mass consumption (high time preference) will repair the societal issues we face today. \n\nIf only there was a sound form of currency with a fixed supply……\n\n#BTC https://image.nostr.build/e4ba41a65baed38cfff1aeb9f1573813bb9b316ae4ba4f6ef0087dd444647589.jpg ",
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