Hard Money and Time Preference: a Bitcoin perspective

Detalhes bibliográficos
Autor(a) principal: Ammous, Saifedean
Data de Publicação: 2022
Outros Autores: D'Andrea, Fernando Antonio Monteiro Christoph
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Mises
DOI: 10.30800/mises.2022.v10.1495
Texto Completo: https://revistamises.org.br/misesjournal/article/view/1495
Resumo: Money is what allows individuals to face uncertainty, by controlling and debasing money, governments of the world shift the time preference of individuals to somewhere closer to the present time. This currency inflation disincentivizes saving with societal consequences that go much beyond economics. By giving back to individuals the possibility of saving, Bitcoin emulates what gold did for a number of centuries and provides a much-needed solution to the interference of governments in the money market. The Bitcoin standard will provide for much higher levels of social development, because it will incentivize and facilitate savings as well as the exercise of proper economic calculation.
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spelling Hard Money and Time Preference: a Bitcoin perspectiveDinero duro y preferencia temporal: una perspectiva de Bitcoin“Dinheiro duro” e preferência temporal: uma perspectiva do BitcoinPreferência TemporalDinheiroPoupançaBitcoinDinheiro FiduciárioCálculo EconômicoTime PreferenceMoneySavingsBitcoinFiat MoneyEconomic Calculationpreferencia temporalahorroBitcoindinero fiduciariocálculo económicoMoney is what allows individuals to face uncertainty, by controlling and debasing money, governments of the world shift the time preference of individuals to somewhere closer to the present time. This currency inflation disincentivizes saving with societal consequences that go much beyond economics. By giving back to individuals the possibility of saving, Bitcoin emulates what gold did for a number of centuries and provides a much-needed solution to the interference of governments in the money market. The Bitcoin standard will provide for much higher levels of social development, because it will incentivize and facilitate savings as well as the exercise of proper economic calculation.el dinero es lo que permite que los individuos enfrenten la incertidumbre, y al controlar y degradar el dinero, los gobiernos del mundo desplazan la preferencia temporal de los individuos hacia un lugar más cercano al presente. Esta inflación monetaria desincentiva el ahorro con consecuencias sociales que van mucho más allá de lo económico. Al devolverles a las personas la posibilidad de ahorrar, Bitcoin emula lo que hizo eloro, el patrón oro, durante varios siglos y brinda una solución muy necesaria a la interferencia de los gobiernos en el mercado monetario. El patrón Bitcoin permitirá niveles mucho más altos de desarrollo social, porque incentivará y facilitará el ahorro, así como el ejercicio del cálculo económico.O dinheiro é o que permite aos indivíduos enfrentarem a incerteza, ao controlar e desvalorizar o dinheiro, os governos do mundo todo aumentam a preferência temporal dos indivíduos, trazendo-a mais próximo do presente. Tal inflação monetária desincentiva a poupança com consequências sociais que vão muito além da economia. Ao devolver aos indivíduos a possibilidade de poupar, o Bitcoin emula o que o ouro, o padrão ouro, fez por muitos séculos e oferece uma solução necessária contra a interferência dos governos no mercadomonetário. O padrão Bitcoin permitirá níveis muito mais elevados de desenvolvimento social, pois incentivará e facilitará a poupança, separando-a dos investimentos, bem como facilitará o exercício do cálculo econômico.Instituto Mises Brasil2022-11-30info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://revistamises.org.br/misesjournal/article/view/149510.30800/mises.2022.v10.1495MISES: Interdisciplinary Journal of Philosophy, Law and Economics; Vol. 10 (2022): Yearly Continuous PublicationMISES: Interdisciplinary Journal of Philosophy, Law and Economics; Vol. 10 (2022): Publicación Anual ContinuaMISES: Interdisciplinary Journal of Philosophy, Law and Economics; v. 10 (2022): Publicação Contínua2594-91872318-0811reponame:Misesinstname:Instituto Mises Brasilinstacron:IMBenghttps://revistamises.org.br/misesjournal/article/view/1495/733Copyright (c) 2022 MISES: Interdisciplinary Journal of Philosophy, Law and Economicshttp://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessAmmous, SaifedeanD'Andrea, Fernando Antonio Monteiro Christoph2022-12-01T12:54:05Zoai:ojs.emnuvens.com.br:article/1495Revistahttps://revistamises.org.br/misesjournalPRIhttps://revistamises.org.br/misesjournal/oairevista@mises.org.br2594-91872318-0811opendoar:2022-12-01T12:54:05Mises - Instituto Mises Brasilfalse
dc.title.none.fl_str_mv Hard Money and Time Preference: a Bitcoin perspective
Dinero duro y preferencia temporal: una perspectiva de Bitcoin
“Dinheiro duro” e preferência temporal: uma perspectiva do Bitcoin
title Hard Money and Time Preference: a Bitcoin perspective
spellingShingle Hard Money and Time Preference: a Bitcoin perspective
Hard Money and Time Preference: a Bitcoin perspective
Ammous, Saifedean
Preferência Temporal
Dinheiro
Poupança
Bitcoin
Dinheiro Fiduciário
Cálculo Econômico
Time Preference
Money
Savings
Bitcoin
Fiat Money
Economic Calculation
preferencia temporal
ahorro
Bitcoin
dinero fiduciario
cálculo económico
Ammous, Saifedean
Preferência Temporal
Dinheiro
Poupança
Bitcoin
Dinheiro Fiduciário
Cálculo Econômico
Time Preference
Money
Savings
Bitcoin
Fiat Money
Economic Calculation
preferencia temporal
ahorro
Bitcoin
dinero fiduciario
cálculo económico
title_short Hard Money and Time Preference: a Bitcoin perspective
title_full Hard Money and Time Preference: a Bitcoin perspective
title_fullStr Hard Money and Time Preference: a Bitcoin perspective
Hard Money and Time Preference: a Bitcoin perspective
title_full_unstemmed Hard Money and Time Preference: a Bitcoin perspective
Hard Money and Time Preference: a Bitcoin perspective
title_sort Hard Money and Time Preference: a Bitcoin perspective
author Ammous, Saifedean
author_facet Ammous, Saifedean
Ammous, Saifedean
D'Andrea, Fernando Antonio Monteiro Christoph
D'Andrea, Fernando Antonio Monteiro Christoph
author_role author
author2 D'Andrea, Fernando Antonio Monteiro Christoph
author2_role author
dc.contributor.author.fl_str_mv Ammous, Saifedean
D'Andrea, Fernando Antonio Monteiro Christoph
dc.subject.por.fl_str_mv Preferência Temporal
Dinheiro
Poupança
Bitcoin
Dinheiro Fiduciário
Cálculo Econômico
Time Preference
Money
Savings
Bitcoin
Fiat Money
Economic Calculation
preferencia temporal
ahorro
Bitcoin
dinero fiduciario
cálculo económico
topic Preferência Temporal
Dinheiro
Poupança
Bitcoin
Dinheiro Fiduciário
Cálculo Econômico
Time Preference
Money
Savings
Bitcoin
Fiat Money
Economic Calculation
preferencia temporal
ahorro
Bitcoin
dinero fiduciario
cálculo económico
description Money is what allows individuals to face uncertainty, by controlling and debasing money, governments of the world shift the time preference of individuals to somewhere closer to the present time. This currency inflation disincentivizes saving with societal consequences that go much beyond economics. By giving back to individuals the possibility of saving, Bitcoin emulates what gold did for a number of centuries and provides a much-needed solution to the interference of governments in the money market. The Bitcoin standard will provide for much higher levels of social development, because it will incentivize and facilitate savings as well as the exercise of proper economic calculation.
publishDate 2022
dc.date.none.fl_str_mv 2022-11-30
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://revistamises.org.br/misesjournal/article/view/1495
10.30800/mises.2022.v10.1495
url https://revistamises.org.br/misesjournal/article/view/1495
identifier_str_mv 10.30800/mises.2022.v10.1495
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://revistamises.org.br/misesjournal/article/view/1495/733
dc.rights.driver.fl_str_mv Copyright (c) 2022 MISES: Interdisciplinary Journal of Philosophy, Law and Economics
http://creativecommons.org/licenses/by/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2022 MISES: Interdisciplinary Journal of Philosophy, Law and Economics
http://creativecommons.org/licenses/by/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Instituto Mises Brasil
publisher.none.fl_str_mv Instituto Mises Brasil
dc.source.none.fl_str_mv MISES: Interdisciplinary Journal of Philosophy, Law and Economics; Vol. 10 (2022): Yearly Continuous Publication
MISES: Interdisciplinary Journal of Philosophy, Law and Economics; Vol. 10 (2022): Publicación Anual Continua
MISES: Interdisciplinary Journal of Philosophy, Law and Economics; v. 10 (2022): Publicação Contínua
2594-9187
2318-0811
reponame:Mises
instname:Instituto Mises Brasil
instacron:IMB
instname_str Instituto Mises Brasil
instacron_str IMB
institution IMB
reponame_str Mises
collection Mises
repository.name.fl_str_mv Mises - Instituto Mises Brasil
repository.mail.fl_str_mv revista@mises.org.br
_version_ 1822180541332455424
dc.identifier.doi.none.fl_str_mv 10.30800/mises.2022.v10.1495

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