yeah, it changes your perspective a lot because you start thinking about the longer arc of the story, that's what low time preference means

this is why money printer go brrr - to stop people thinking about the long arc of the story, so they are easier to control and manipulate

think about a street hustler, if you ever have been in such a situation, one of the primary tactics they use is to create a sense of urgency, that action must be taken now, rather than later, and you thus have less time to think about the broader implications of your decision

when you think about it more, you make a better decision because you have made a simulation of the situation in more detail and realise that what seemed important in the short term was damaging in teh long term

Reply to this note

Please Login to reply.

Discussion

Yeah, that's exactly right, but you also need to be looking at the "opportunity" from a place of strength, not weakness.

Without savings and living paycheck-to-paycheck, you become more high time preference.

Bitcoin truly offers you freedom to make good choices, if you save in it for the long term. It's so refreshing and rewarding.

yeah, the boostrap is hard though... i had over 14 bitcents at one point last year, now i'm back to fractions again

you can really feel the loss of optionality when you get a decent stack together and then spend it... it's brutal