Braydon Fuller on Nostr: The inverse could also be said. Fiat money, at various degrees, shifts time ...
The inverse could also be said. Fiat money, at various degrees, shifts time preference from low to high and is not beneficial to oneself or for civilization.
You'll often hear people say that many products are not made a great as they used to and do not last. This is a result of a shift towards a higher time preference.
It's not clear if that many people understand why there was a shift.
Bitcoin changes lives. It can slowly shift time preference from high to low. This is greatly beneficial not only for oneself but for civilization.
Published at
2024-03-21 04:16:02Event JSON
{
"id": "bae2c74b8927057d2486525d57ed1fd6e392f1dc8963bbec84496b27c287f19d",
"pubkey": "1bf9f239dca1636149bc2f3fc334077ae959ea9607cacf945ef8f8bb227dc5e1",
"created_at": 1710990962,
"kind": 1,
"tags": [
[
"e",
"7d3c0de50e432df140b1fb8eadb97cfa1ac20c1b76ea159cc4d1a1f6465048c6",
"",
"mention"
],
[
"p",
"1bf9f239dca1636149bc2f3fc334077ae959ea9607cacf945ef8f8bb227dc5e1",
"",
"mention"
],
[
"q",
"7d3c0de50e432df140b1fb8eadb97cfa1ac20c1b76ea159cc4d1a1f6465048c6"
]
],
"content": "The inverse could also be said. Fiat money, at various degrees, shifts time preference from low to high and is not beneficial to oneself or for civilization.\n\nYou'll often hear people say that many products are not made a great as they used to and do not last. This is a result of a shift towards a higher time preference.\n\nIt's not clear if that many people understand why there was a shift.\n\nnostr:nevent1qqs860qdu58yxt03gzclhr4dh9705xkzpsdhd6s4nnzdrg0kgegy33spp4mhxue69uhkummn9ekx7mqzyqdlnu3emjskxc2fhshnlse5qaawjk02jcru4nu5tmu03wez0hz7zqcyqqqqqqgeuwlmu",
"sig": "26dd68ff80195c9d6970b8ad82b1341c3997bd75c995ee6b70bb73853382b187c9ac5596bfbc492a25bebf0bc99c333b818a7a2997c0a4aa1b665200ec8f0b73"
}
