84. Hard money and time preference: Lecture at the Property & Freedom Society
The Bitcoin Standard Podcast
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Bitcoin Is the Free Market Solution to the Problem of Rising Time Preference
The notion of saving passively while earning money from a job is very rare in the fiat economy, but after bit coin, it becomes extremely common. Millions of people world wide now work their day job, spend as little as they can and stack as much sats as possible. Once someone is introduced to the magic of bit coin's rapidly increasing value, it is inevitable that they start calculating w how much wealth they could have had if they had spent ah on bit coin. The money that they spent on other things, particularly frivolous spending. Ah, so bitcoin is the free market solution to the problem of rising time preference. It is the technological solution that allows anyone to rejoin the process of lowering
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