
#625: Leisure, Magnificence, and the Bitcoin Standard with Michael Goldstein
TFTC: A Bitcoin Podcast
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Hodling and Economic Perspective
This chapter examines the practice of hodling in the Bitcoin community, drawing philosophical parallels with Aristotle's golden mean to assess its implications. It discusses the importance of time preference and saving in capital accumulation, while critiquing the effects of fiat money on investment behaviors. The chapter further explores hoarding as a rational response to uncertainty, challenging the notion that saving is inherently unproductive.
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