Low time preference, Bitcoin and personal health

[ad_1]

Watch this episode on YouTube

Listen to this episode:

Mind / Matter, a fantastic contributor here at the magazine, also has a rather popular Twitter account, which focuses more on health and lifestyle than just bitcoin. I’m a huge fan of the content he publishes and thought it would be interesting to address the intersection between these two topics.

In this episode of ‘Meet The Taco Plebs’, we explored how he got into Bitcoin and how it impacted his life. Of course, bitcoin’s time preference mechanisms and incentives quickly appealed to its understanding of health excellence. Over the course of our explorations, it became evident that these two ideas are closely linked: the preservation of its wealth and the preservation of its health. Be sure to listen to the entire podcast and read our short interview below.

What’s your Bitcoin rabbit hole story?

I was coming from the weight training area, and when I realized I was training both the mind and the body. Mid-2017 around July, I had heard about it. I read a book about it and saw bitcoin go from around $ 600 to $ 2,800 and felt that I had missed the mark. I bought at the top again but didn’t really walk down the rabbit hole until late 2019.

How has Bitcoin changed your life?

Bitcoin reduced my time preference and merged my weak time preference for health with technology and money.

Your posts, username, and Twitter feed are designed to encourage people to take control of their health and minds. How do you see Bitcoin working in this mastery of the lifestyle?

Bitcoin has the same incentives that reduce time preference and force us to think about how we take care of ourselves. As I moved into the self-improvement space, I found that I was also training my mind as I was training my body. Part of learning about Bitcoin and the history of money is another part of training your mind to improve your life.

What are you most looking forward to in the Bitcoin space, or in life in general?

I’m excited to see the infrastructure for hyperbitcoinization being built – really, bear markets are when the build happens. The wider ecosystem will continue to grow even after any bull run – and then we could potentially see a circular economy.

Price forecast for the end of 2021, and the end of 2030?

I have a theory that the cycle is extended – that we could go into 2022. I see it going somewhere around $ 350,000 to $ 400,000. For 2030, we might see something like $ 5-10 million in 2019 purchasing power.

[ad_2]