Replies (6)

Value is subjective. It’s determined by many different variables that individuals calculate, often unconsciously, which determine their actions. Time preference definitely influences the way they perceive value but it’s also other factors like their current financial situation. If they have bills to pay and a family to support, they may not realistically see the risk in working on nostr as more valuable.
You are right value is subjective. High time preference society creates an environment where people cannot see the value of long term projects like Bitcoin and nostr. Either because they have bills to pay or otherwise.
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Big Bad John 6 months ago
Only people raised on podcasts and bad books use the term "time preference" it is a clear red flag at this point.
So time preference is not a real economic principle? Please argue that fact. Only people trying to make competing protocols and stupid bips would make a post as short sighted as your own. It's a clear red flag.
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Hofer99 6 months ago
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