Candidly, I find it amusing that some Bitcoiners celebrate the lessons of lowering time preference, while simultaneously arguing against the prospect of addressing future implications of GHG emissions.
I'm imagining a future society, that is perplexed by the decision to place wagers on an experimental magic internet money, instead of the air we breathe 😅
(this comes off more combative than I intend, but really- it is funny)
@htimsxela low time pref will solve the climate problem (if it is indeed a problem) anyway. It’s a bit hard to destroy the amazon at the current pace if you’re not in a debt based economy.
See https://youtu.be/SAN5CKbZnD0 for starters.
@htimsxela you have a billion ppl in india who believe in re-incarnation. Probably a few more in other parts of the world The rest of the world has kids. Inter-generational time pref is the natural way under a sound economy :)
@vbhide
I do agree! I think economically incentivizing high-time-pref profit-taking only exacerbates tragedy-of-the-commons type situations. That much seems obvious, at least.
Unfortunately, if climate change is real, it seems to be a problem which requires a time preference that will span multiple generations. Humans don't seem to be hardwired to think on that scale, it would require a pretty big social shift. Bitcoin's lessons do seem to be a step in that direction, in any case.