Global Feed Post Login
Replying to Avatar BTC_P2P

Part of markets being the reliable governance mechanism for societies is the education level of market participants.

Now with stupidity and high time-preference at all time highs globally, markets are roughly as retarded as the sum of their participants. That’s why sports ball, gambling and shitcoins (among a lot of other garbage) are so successful.

#Bitcoin has incentivized millions to educate themselves properly and in turn be more discerning consumers, better capital allocators and ultimately much improved market participants.

This thing never ceases to amaze me with all of the ancillary benefits it provides humanity.

Avatar
TAX EVADER 2y ago

you have no idea how popular gambling has become where i live in the last couple of years. Its absolutley insane.

High time pref is breaking out crazy explosion.

Reply to this note

Please Login to reply.

Discussion

Avatar
TAX EVADER 2y ago

If you have low time pref, you will stand out bigtime

Thread collapsed
Avatar
BTC_P2P 2y ago

Very popular where I live too. Insane.

Thread collapsed