You earn the interest for earning money. "Saving" means earning money.
You are just a font of amazing new definitions. I wish I could redefine everything to fit my point of view, it would make life so much easier.
Your future intent does not affect the consequences of your actions.
No, but the intent of the economy as a whole does.
the expected outcome on encouraging a high time preference is that either: 1) investment dwindles and there are very few "goal-oriented jobs" and people without money suffer (though this may be somewhat specific to bitcoin and the lack for need of a banking system); or 2) consumption rates will eventually equalize and it will just be older people that consume more now that money will have no meaning sooner rather than later.
Sorry that should say
low time preference, but the point remains: interest rates will be very high and there will be little economic growth if everyone has a low time preference (read Menger! an Austrian!). Unless of course you have some solution for how the everyman will acquire bitcoins when half of them will have been mined in a few months?
yes it is central to the discussion. Letting money sit in a wallet is not the same as letting real capital (let's say a machine) in a garage.
I will give you the distinction between capital and money; however, the point remains that there is little incentive for money to become capital, and thus little economic growth. You are the one that is claiming that delaying consumption spurs economic growth, but that has to be traded off the form of high-risk, innovative pursuits according to Rostow, whom you quoted almost verbatim.
