viper_1 on Nostr: Thank you- as you reminded me of this excerpt from #stoneridge 2025, which GuySwan ...
Thank you- as you reminded me of this excerpt from #stoneridge 2025, which GuySwan pointed out in a podcast recently. It made me think:
“Those who excel at delaying gratification, and mentally managing the associated uncertainty along the way, end up accumulating the vast majority of capital and enjoying the vast majority of health and prosperity. Low time preference is the most reliable source of life inequality. This means stay humble, stack sats, and HODL an uncomfortable amount of bitcoin for an uncomfortably long time. Bitcoin is the most potent device ever invented for transferring wealth from the impatient to the patient. Be patient.”
Via https://www.nydig.com/research/stone-ridge-2024-investor-letter
“Those who excel at delaying gratification, and mentally managing the associated uncertainty along the way, end up accumulating the vast majority of capital and enjoying the vast majority of health and prosperity. Low time preference is the most reliable source of life inequality. This means stay humble, stack sats, and HODL an uncomfortable amount of bitcoin for an uncomfortably long time. Bitcoin is the most potent device ever invented for transferring wealth from the impatient to the patient. Be patient.”
Via https://www.nydig.com/research/stone-ridge-2024-investor-letter