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Replying to Avatar jimmysong

Old people are much more selfish than in the past and it's because of fiat money.

They used to build things for the future, work on things for the next generation, making things that they wouldn't get to see the completion of.

But now, they're borrowing against the future, bringing consumption forward to take stuff away from the next generation, saddling them with incredible debt. Furthermore, they refuse to relinquish power, staying way past when they've lost their fastball.

They don't get much respect because they don't deserve it. We need Bitcoin to put things back to a sustainable order.

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nolim1t 2y ago

short time preference (fiat) vs long time preference (#Bitcoin)

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