Turtlesallthewaydown⚡️ on Nostr: Fireside thoughts: Why Bitcoin’s intrinsic driver to lower a network ...
Fireside thoughts: Why Bitcoin’s intrinsic driver to lower a network participant’s time preference is so important:
What misaligns an individual’s actions with the greater good is a high time preference… the lower a person’s time preference is, the more likely a “selfish” action is simultaneously in both the individual’s and the network’s best interest.
Published at
2024-04-19 22:12:32Event JSON
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"content": "Fireside thoughts: Why Bitcoin’s intrinsic driver to lower a network participant’s time preference is so important:\n\nWhat misaligns an individual’s actions with the greater good is a high time preference… the lower a person’s time preference is, the more likely a “selfish” action is simultaneously in both the individual’s and the network’s best interest.",
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