Artifice and Elegance

Blog #17

Delayed Gratification

” Whoever owns the early BTC deserves a Nobel prize in delayed gratification.” ~Elon Musk

One’s time preference refers to how much he values present consumption over future consumption. Someone with a relatively high time preference generally prefers to consume now as opposed to later, even if forgoing immediate consumption would result in a greater number and/or quality of future goods.

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