@nugger @0 @LouisConde @weaf Low time preference turns out to be just as exploitable as high time preference, and the whole thing comes down as people realize it

Nogs loan out rims at 24% because they don't care about future nog self. Whitey works 9-5 for 40 years because someone told him once that he'd live the good life (they are both slaves)

So what's a man to do? Lots of guys just don't do anything at that point for fear of being taken advantage of.