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21 sats \ 3 replies \ @k00b 14h \ on: Stacker Saloon
I'm all about hobby mining, but I'm beginning to see it marketed like a lottery and it's gross.
Time preference is climbing. I feel like that means a bubble is forming.
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Oh, I wasn’t the only one to have noticed this little factoid! I think it is one of the most dangerous economic signals available. However, not many, especially not Austrians, notice this little detail in the economy. Low time preference is the only way we will ever progress and is the reason why Japan, Korea and China seem almost unsinkable.
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It’s securing the network!
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