.@marshmallow_btc is an app based on goal setting and good habit formation spurred by this tweet. Thought of the killer app name, marshmallow, based on the positive outcomes from delayed gratification in the @Stanford marshmallow experiment. Thinking how to shape the platform…🧵
@BrainHarrington Proof of workout. App where friends set weekly workout goals and have to post video updates along the way until their goals have been met. Miss your goal? You have to send your friend some sats. @yujia2020 and I did this via twitter DM last year, didn't miss a goal for months 😅
Biggest lesson the gym hammers into our stubborn, dumb-at-times brains is accepting & subscribing to delayed gratification
You start automatically associating success with delayed gratification subconsciously—which is great because it literally is what creates success everywhere
If someone offered you 1 marshmallow now, but 2 marshmallows if you sit quietly for 10 minutes, what's your move?
If someone offered you 1 unit of purchasing power now, or 100 units of purchasing power in 20 years by holding #Bitcoin, what's your move?
Stone Ridge's annual comments on #Bitcoin are always worth paying attention to:
"Those who excel at delaying gratification, and mentally managing the associated uncertainty along the way, end up accumulating the vast majority of capital and enjoying the vast majority of health and prosperity. Low time preference is the most reliable source of life inequality. This means stay humble, stack sats, and HODL an uncomfortable amount of bitcoin for an uncomfortably long time. Low time preference is the most potent device ever invented for transferring wealth from the impatient to the patient. Be patient."
#Bitcoin is a game of delayed gratification.
The biggest life win you can have for the next 3 months is to completely ignore the news and politics
It’s the marshmellow test, for the entire population of America
.@marshmallow_btc is an app based on goal setting and good habit formation spurred by this tweet. Thought of the killer app name, marshmallow, based on the positive outcomes from delayed gratification in the @Stanford marshmallow experiment. Thinking how to shape the platform…🧵
@BrainHarrington Proof of workout. App where friends set weekly workout goals and have to post video updates along the way until their goals have been met. Miss your goal? You have to send your friend some sats. @yujia2020 and I did this via twitter DM last year, didn't miss a goal for months 😅
Entrepreneurship is the ultimate marshmallow test.
Most people aren't wealthy and successful because they’re not willing to trade short term discomfort for long term gain.
They make decisions that maximize pleasure today, tomorrow, or next week instead of looking to the future and making decisions that will maximize results 5-10 years from now.
Remember:
Success in life and business is a LONG GAME.
Patience and optimizing for 10+ years down the road is how you actually win.
"It's so simple to spend less than you earn, invest shrewdly, avoid toxic people and toxic activities, and try and keep learning learning all your life, etc., etc. And do a lot of deferred gratification because you prefer life that way. And if you do all those things you are almost certain to succeed. And if you don't, you're going to need a lot of luck, a lot of luck. And you don't want to need a lot of luck. You want to go into a game where you're very likely to win without having any unusual luck."
-Charlie Munger
The difference between winning big and losing is simple*:
(*but not easy)
👉Every day, get one thing done instead of nothing.
Most people will do the latter.
Consistent bits of progress not only add up, they compound exponentially.
This one discipline with change your life.
The difference between winning big and losing is simple*:
(*but not easy)
👉Every day, get one thing done instead of nothing.
Most people will do the latter.
Consistent bits of progress not only add up, they compound exponentially.
This one discipline with change your life.
Fasting strengthened my self-restraint muscle. I found myself able to resist distractions and maintain focus for extended durations. Delaying gratification became second nature to me.
Without even noticing, my discipline levels shot up tremendously. I found myself wasting less time and keeping my eyes on the prize.
Through fasting, I came to understand that willpower acts like a muscle. It's built by suppressing immediate desires and honing in on self-control.