Fiat Infects Relationships With Low Time-Preference
Relationships are another victim of the high time-preference infection created by fiat money.This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with over 20 years of experience.Link to audio read of the article.Our relationships have an unwelcome intruder, and that's the government.A society is a network of relationships between people. An edge should be bilateral and relationships should be direct, but unfortunately, in today's fiat world, they are not. Most relationships have an authority in the middle and thus have a centralized....
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A piece of malware is currently terrorising computer users by encrypting their data and charging a ransom - in fiat currency or bitcoins - to decrypt the information. Called CryptoLocker, the ransom malware is contained within phishing emails, so it infects a users computer when they open an attachment in one of these messages. Yuval Ben-Itzhak, CTO at security software company AVG, said: "Ransom malware has been around in different variations since the early 1990's." He went on to explain that a victim of the malware would typically receive an email that pretends to be from a well-known....
“I'm trying to get people to plant trees," says Fangorn, a green-fingered Bitcoiner, "as an avenue for low-time preference.” When the market falls faster than a tree in the forest, the phrases “zoom out,” and “lower your time preference,” take root. “Zoom out” refers to taking a break from the omnipresent price charts that populate news feeds and Twitter threads. Consider looking at the price of Bitcoin (BTC) over the past five years–as opposed to over the past 6,12 or 18 months.HODLing Bitcoin has far outperformed HODLing stocks over the past five years. But what does “lower your time....
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The institution of marriage has suffered debasement as a result of a singular focus on “love,” a word that’s evolved in meaning.