Replying to Avatar Phundamentals

I’m thinking of most of the thinking and building that needs to be done now but there’s no money in it. A lot of Bitcoiners quickly justify their decisions based on “paying the bills” without realizing they are relinquishing their time preference.

I see this frequently with influencers who have spent many years creating content that was never monetized - then they take shitcoin money as a sponsor or quit and offer their survival as a reason that Bitcoiners are supposed to accept without criticism.

The point I want people to understand is that a low time preference isn’t any permanent state of affairs - it requires a lot of work and sacrifice to maintain and should almost be held sacred and not offered cheaply to rationalize decisions that clearly wouldn’t have been made under such a low-time preference.

It’s worse to LARP a low time preference than to be a honest golden retriever.

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Bill Cypher 2y ago

It is certainly work to maintain a low time preference. Taking the financial savings example, it is a collection of thousands of decisions to live below your means spread out over a long time. Meals at home, used cars kept longer, gadgets not bought, smaller housing. Everywhere you look someone is trying to convince you to go high time preference again. High time preference is the default and easiest path.

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