What is Time Preference?

Saifedean Ammous shared his chapter on time preference: Time Preference, Chapter 13 of my forthcoming textbook, Principles of Economics, is now available for members of http://saifedean.com This is my most detailed discussion of time preference yet. Or you can watch this video if you don’t have the required patience yet:

Can Bitcoin be Cheated?

Bitcoin is a bit hard to understand, but the concept it depends on are very simple. This is one of the best graphics to understand why bitcoin can’t be cheated. https://twitter.com/BTCOVERFIAT/status/1438958264251785226?s=20 Like Satoshi Nakamoto writes in the Bitcoin Whitepaper, he proposes a solution to the double spend problem. So far, Read more…