This is from a thread I wrote last year that I wanted to share, because I think about this stuff all the time:

Low time preference/high time preference is a very delicate balance. You can’t postpone everything forever. You have to identify things that you want to do no matter what, even if it’s relatively high time preference. Sats were already my unit of account by the end of 2017 but what I actually want to *do* with money in my lifetime is to help key artists produce their most ambitious works, so I knowingly made many decisions 2017-2019 that would sacrifice a larger stack to help those artists.

It wasn’t really an option for me to do absolutely nothing and just stack sats for 5 years straight. It’s not something I was capable of doing—I’d have felt heartless. So you could say the compromise was to stack less, but at least keep things in check to allow spend and replace. I still decline projects all the time, probably to the dismay of many artists 😂 Later on it became clear that I was doing way too much in 2019, so the pendulum may have swung too far in the other direction and now I start to feel like I’m not doing enough again.