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arthur_affect's profile
Arthur Chu
Arthur Chu
Arthur Chu
Verified account
@arthur_affect

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Arthur ChuVerified account

@arthur_affect

Mad genius, comedian, actor, and freelance voiceover artist broadcasting from the distant shores of Lake Erie (he/him)

Broadview Heights, Ohio
arthur-chu.com
Joined August 2009

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    1. Zendervai‏ @Zendervai Mar 23
      Replying to @arthur_affect @soulexporter and

      The idea of spending time and money on entertainment, especially in the Pandemic Times, being bad is insipid. People aren't designed to be able to just sit in an empty room and stare at the wall, I'd rather be doing something fun and engaging myself.

      1 reply 0 retweets 17 likes
    2. Arthur Chu‏Verified account @arthur_affect Mar 23
      Replying to @Zendervai @soulexporter and

      It's really when the Bitcoiners start going in on the "time preference" stuff that my anger becomes deeply philosophical and therefore far more intensely furious

      1 reply 2 retweets 32 likes
    3. Czino.prototype //  🟧 ⬛️  👫 🌱 🛠 🏚‏ @capoczino Mar 23
      Replying to @arthur_affect @Zendervai and

      Where does your hatred for low time preference stem from?

      1 reply 0 retweets 1 like
    4. Arthur Chu‏Verified account @arthur_affect Mar 23
      Replying to @capoczino @Zendervai and

      From it being a slave mindset used by masters to exploit you

      3 replies 2 retweets 27 likes
    5. Sesquicentennial Snark‏ @Snark150 Mar 23
      Replying to @arthur_affect @capoczino and

      Why is low time preference a slave mindset used by masters for exploitation? (Remark: That's not a rhetorical question, because perhaps I don't know the meaning of "time preference".)

      2 replies 0 retweets 0 likes
    6. Arthur Chu‏Verified account @arthur_affect Mar 23
      Replying to @Snark150 @capoczino and

      "Low time preference" is economist jargon for the attitude better known by laypeople as "Just hold on, the check's in the mail"

      2 replies 6 retweets 25 likes
    7. Sesquicentennial Snark‏ @Snark150 Mar 23
      Replying to @arthur_affect @capoczino and

      1/2 Thank you. That helped me to search more: "Generally, a high time preference is associated with a low will to renounce to the present gratification in order to obtain a benefit in the future. ...

      1 reply 0 retweets 0 likes
    8. Sesquicentennial Snark‏ @Snark150 Mar 23
      Replying to @Snark150 @arthur_affect and

      2/2 ... On the contrary, consumers with low time preference are more willing to undertake short-term costs to get future improvements." (Source: http://centmapress.ilb.uni-bonn.de/ojs/index.php/proceedings/article/view/1323 …)

      1 reply 0 retweets 0 likes
    9. Sesquicentennial Snark‏ @Snark150 Mar 23
      Replying to @Snark150 @arthur_affect and

      So, as a layperson, I would associate (non-judgmentally) "impatience" with high time preference and "patience" with low time preference.

      2 replies 0 retweets 2 likes
    10. Sesquicentennial Snark‏ @Snark150 Mar 23
      Replying to @Snark150 @arthur_affect and

      I have a "time preference" with time as an adjustable parameter which is determined e.g. by the response times of the processes which I am dealing with. There are processes which don't have the consciousness required to exploit and/or enslave anybody.

      2 replies 0 retweets 1 like
      Arthur Chu‏Verified account @arthur_affect Mar 24
      Replying to @Snark150 @capoczino and

      The point is that people who exhort you to "lower your time preference" are usually making a statement about predicting the future they have no right to make

      12:37 AM - 24 Mar 2021
      • 1 Retweet
      • 15 Likes
      • strings and sealing wax Cyn Chris but spooky-early Horrible Checkers Lad Appreciator 137 Ollie Hood First Ray of Spring Dominic Vapor Weyve
      3 replies 1 retweet 15 likes
        1. New conversation
        2. Arthur Chu‏Verified account @arthur_affect Mar 24
          Replying to @arthur_affect @Snark150 and

          You're right that I'm not just bloodlessly describing the objective definition of the term "time preference" as used by economists, I'm addressing the culty way it's exploded 20,000x in daily usage by members of the Bitcoin cult

          3 replies 1 retweet 17 likes
        3. Arthur Chu‏Verified account @arthur_affect Mar 24
          Replying to @arthur_affect @Snark150 and

          In which they use the term in the exact same classic way that other cults have used similar terms like "faith"

          1 reply 1 retweet 12 likes
        4. Show replies
        1. AcidLord‏ @soulexporter Mar 24
          Replying to @arthur_affect @Snark150 and

          🤣 "usually" and then making assumptions/generalisations what/how"everybody" is thinking. When you talk about people with low time preference, you are not talking about those that are yelling for the price to go up hard nor fast 🤭

          0 replies 0 retweets 0 likes
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        1. New conversation
        2. Dominic‏ @Dominic11B4 Mar 24
          Replying to @arthur_affect @Snark150 and

          Side note, a thing that I've experienced with my situation getting better as time passes is how leaving precarious job gives you buffers and, if you have problems, better ability to negotiate arrangements. It's trivial to be patient with a late check when your bills are paid.

          1 reply 0 retweets 0 likes
        3. Dominic‏ @Dominic11B4 Mar 24
          Replying to @Dominic11B4 @arthur_affect and

          I know people who need to go to the pawnshop if their check get late. It's not a lack of patience to ask for your pay NOW when being late may mean many penalties and being short changed by, and dealing with the logistics of, the pawn shop.

          1 reply 0 retweets 0 likes
        4. Show replies

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