Subnostr

Idunno... back a while ago.. it probably didn't really have a culture. In the future when everyone uses bitcoin, I guess bitcoin won't either. But around 2010s I was into the Ron Paul goldbug culture, believe it or not, Max Kieser was kinda into that. Physical gold and silver was really big. The thing was, we were all really really pessimistic. super Doomer. I guess the closest thing now to that is zerohedge. Which is like what a Bitcoiner believes without believing there's a solution. Which is depressing. Which is what I was before bitcoin.

MTozoni ⚡😺 2y ago

Maybe high time preference tends to focus on immediate issues and fears. I noticed my own feelings about this changed with Bitcoin too, going from short term, high-time-preference fears I had with fiat, to long term planning and not really caring about what some country might go through, since I know that as long as I have hard money like Bitcoin I can plan for a stable future and be okay. And I'm saying that maybe despite thinking that gold is a hard money, the reality of it being inflated with fake stuff is reflected in the time preference of those who use it.

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Discussion

Timechain 2y ago

I think my theory might be that although it's hard money, maybe you need both hard money and a possible route that things can work out for your life and humanity. Bitcoin provides that. Gold, while pointing out how much you need gold as a safety net for Shit Hits The Fan (SHTF) they end up with some pessimistic people in their basement with cans of beans and gold.