So, as a layperson, I would associate (non-judgmentally) "impatience" with high time preference and "patience" with low time preference.
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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.
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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
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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
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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"
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Replying to @arthur_affect @Snark150 and
(Indeed the classic proverb "A bird in the hand is worth two in the bush", which is often cited as an illustration of the concept of "temporal discounting", gets a whole aside in Pilgrim's Progress where they talk about how that proverb came from the Devil to lead men to Hell)
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Replying to @arthur_affect @Snark150 and
Dude, low time preference does not mean to never do anything. If opportunity comes your way, seize it. But what we are criticising is not people using the "bird" in their hand but flinging "poop" (i. e. mal investments because money degrades in value and must be used NOW)
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Replying to @capoczino @Snark150 and
Forcing rich people to spend their wealth instead of hoarding it is a feature of the system and, judging by how much they're sitting on in assets, one we're not pushing nearly hard enough (inflation right now is far too LOW)
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Replying to @arthur_affect @capoczino and
Back when people talked about this shit more in popular fiction Robert Anton Wilson described his idealized currency in the Illuminatus! trilogy The anarcho-socialist hippies he idealizes pay for everything in "scrip" that "starts to burn as soon as you touch it"
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Replying to @arthur_affect @capoczino and
Money is a "hot potato" - the only reason to have it is to immediately spend it, because all it actually is is fulfilling its original purpose of "keeping track of favors" people do for each other, and in real life, among friends, debts expire over time
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The idea of accumulation is their great taboo The fact that all money expires - "What have you done for me lately?" - might seem callous But the capacity to "save up" and eventually "own hard assets", on the other hand, is what caused all the great evils of the world
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Replying to @arthur_affect
those were good books had some interesting ideas, i liked the strange loop stuff and the other stuff that they inspired
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