Time preference is a control knob for the process of civilization.
Money is a control knob for our time preference.
Fiat increases time preference. The process of civilization reverts.
#Bitcoin fixes this.
Time preference is a control knob for the process of civilization.
Money is a control knob for our time preference.
Fiat increases time preference. The process of civilization reverts.
#Bitcoin fixes this.
I often think of this. Inflationary money essentially stopped and reversed once the Genesis block was mined
