Discipline and a low time preference are closely linked.
They represent the highest form of self-love.
It involves sacrificing immediate desires for greater benefits in the future.
Discussion
Indeed. The art of life is finding the optimal balance for oneself.
Truth.
But, Devil's Advocate, learning low time preference requires a social environment that is both predictable, and respectful of people's rights. No point planning and working for some future asshole's benefit.
People who didn't grow up like that are a large minority in the West already, and I can only see that going up in the near term...
Agreed, in the short to midterm I see rising time preference for non Bitcoiners too.
Most important control knobs for time preference are money, property rights and a secure future. All three knobs are corrupted or in danger.