Present Bias on TimeB.news – Time Economics & Scarcity Theoryhttps://timeb.news/tags/present-bias/Recent content in Present Bias on TimeB.news – Time Economics & Scarcity TheoryHugoenFri, 12 Jun 2026 00:30:00 +0000The Commitment Device Paradox: How Bitcoin's Immutable Ledger Functions as a Self-Control Technologyhttps://timeb.news/posts/bitcoin-commitment-device-self-control/Fri, 12 Jun 2026 00:30:00 +0000https://timeb.news/posts/bitcoin-commitment-device-self-control/Bitcoin’s true innovation may not be digital scarcity — it may be digital self-control. Drawing on the behavioral economics of present bias and hyperbolic discounting, this article argues that the blockchain’s irreversible ledger functions as the most powerful commitment device ever created, enabling long-term HODLing behavior that standard economic models cannot explain.