Hedraios on Nostr: These observations have a direct impact on a guy's decision about whether to save or ...
These observations have a direct impact on a guy's decision about whether to save or not.
If holding #Bitcoin: the incentive to save increases because the value increases, leading to long-term / low-time preference thinking, short-term self-control, and greater security for when troubles come.
If holding $USD, I'd want to not save long term, I'd spend sooner, would want to attempt investment gains
in some non-money good, asset or enterprise.
If a guy takes imagines each of these two paths, and scales them across a society and through time, the results are two drastically different worlds.
I want to be in the #Bitcoin world.
If holding #Bitcoin: the incentive to save increases because the value increases, leading to long-term / low-time preference thinking, short-term self-control, and greater security for when troubles come.
If holding $USD, I'd want to not save long term, I'd spend sooner, would want to attempt investment gains
in some non-money good, asset or enterprise.
If a guy takes imagines each of these two paths, and scales them across a society and through time, the results are two drastically different worlds.
I want to be in the #Bitcoin world.