therationalbit on Nostr: Why are we stuck in a cycle of instant gratification? It’s often a matter of time ...
Why are we stuck in a cycle of instant gratification?
It’s often a matter of time preference. When the money supply increases, our purchasing power is diluted over time. This incentivizes us to spend before it loses value. It’s an endless cycle.
High time preference isn't a personality trait; it’s an understandable response to a currency that doesn’t hold its value.
How would our behavior change if we had a constant, fixed money supply?
#bitcoin #nostr #rationality #economics
Published at
2026-01-12 15:57:32 UTCEvent JSON
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