satiritoshi on Nostr: We all talk about bitcoin and low time preference. But most of money is in the hands ...
We all talk about bitcoin and low time preference. But most of money is in the hands of people with little time left. By the time this wealth trickles down to us, our own time preference will be significantly higher.
It will take a more catastrophic shift in wealth than many have the stomach for in order for bitcoin to happen faster.
Published at
2023-09-10 19:00:25Event JSON
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"content": "We all talk about bitcoin and low time preference. But most of money is in the hands of people with little time left. By the time this wealth trickles down to us, our own time preference will be significantly higher. \n\nIt will take a more catastrophic shift in wealth than many have the stomach for in order for bitcoin to happen faster.",
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