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BTC140: Game Theory and Bitcoin w/ Scott Lindberg (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
The Importance of Understanding the Timeline
When I look at the original design and they're not being any type of immediate settlement features in the design, it's very clear to me. He was going after a solution to pay global currencies from the basement. And if that means that transactions don't settle for 10 minutes, we'll so be it. They clearly know people aren't going to sit at a coffee shop or wherever for 10 minutes waiting for settlement. So he had to have a really low time preference on this thing to put these pieces together. Otherwise it would go too early and it wouldn't work.
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