84. Hard money and time preference: Lecture at the Property & Freedom Society
The Bitcoin Standard Podcast
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Bitcoin and Time Preference
Bidcoin represents an escape hatch from at least monetary inflation. Unlike the vast majority of e humans in the past century, bitcoiners to day are able to save for the future and expect, with relatively low uncertainty, to have their savings available in the future. If money is important for time preference, we would expect to see these people differentiate themselves from their fiat beers. In two thousand 18 i published the bit coin standard, an academic book, which had a whole chapter on time preference and money. It's been translated into 25 languages world wide. I've been told personally by thousands of people how it helped them explain the changes in their life after moving to bit coin. The story of
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