StackSats on Nostr: Access to hard money is a way to mitigate uncertainty of the future and therefore ...
Access to hard money is a way to mitigate uncertainty of the future and therefore reduces time-preference.
Lower time-preference leads to more capital accumulation which causes civilization to flourish and living standards to rise.
Published at
2024-07-28 14:34:17Event JSON
{
"id": "cfc16e760352735dd85f98018642e49febf132f1d17f75bafe04aaf80dcd2245",
"pubkey": "b93049a6e2547a36a7692d90e4baa809012526175546a17337454def9ab69d30",
"created_at": 1722177257,
"kind": 1,
"tags": [],
"content": "Access to hard money is a way to mitigate uncertainty of the future and therefore reduces time-preference. \nLower time-preference leads to more capital accumulation which causes civilization to flourish and living standards to rise.",
"sig": "56280324002b7f06d6270e1147d997eea89d8eb1cff6290b3e508fa77efc24bf263023a611157ab585db3fb5d13522ebfb54a62843e6d30dee2cd014293a1519"
}