
SLP435 Bitcoin Times Austrian Edition with Svetski
Stephan Livera Podcast
00:00
Bitcoin Fixes Time Preference
Safedines: The whole basis of the time preference argument is the basis of the Bitcoin fixes this meme, right? He says if an individual cannot in some way shape or form like store the excess product of their labor or the value that they create, they can't save effectively. Safedines: Without saving, you don't have civilization, you can't sort of build a bedrock or a foundation,. You can't move forward. And by fixing saving, downstream it fixes all of civilization because now you can lower your time preference.
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