Would you? Or would that be a waste of time for you?
defenitely yes. lol
Topic: If bitcoin was real coins, Would you pick 1500 satoshis off the ground? (Read 4590 times)
October 13, 2014, 09:32:09 AM
defenitely yes. lol
October 13, 2014, 09:29:00 AM
I probably would, I'm collecting all money I find on the street. I've got about 25$ for about 2-3 months, it's a nice pocket money. 
October 13, 2014, 09:25:16 AM
Same here, I would bend down to take the coin as it is just going to cost me a few seconds at most.
Now the question is, when are you going to drop your bitcoin in front of me lol?
Now the question is, when are you going to drop your bitcoin in front of me lol?
October 12, 2014, 12:45:22 PM
Would you? Or would that be a waste of time for you?
Why not? It's not like I would do anything useful with those 1,5 seconds anyways. Probably wouldn't if I was in a rush though, but if not - sure.
October 12, 2014, 11:58:47 AM
I will pick any coins on the ground that has value.
Even if such a coin is worth for 0.6 cent?
Wouldn't it be wiser for you to spend your time on a part-time work or self learning instead of picking up those 0.6 cent coins?
Assume it takes you 3 seconds to bend down and pick up $.006 once you have a rhythm down. You'd collect $.12/minute or $7.20 per hour. This sounds crappy, but it's worth noting you'd really have no enforceable tax liability, so if you've already maxed out your EITC working a regular job for the year, this could be an exceptionally fantastic part-time job. Plus you get to pick your own hours and have no boss less Coinstar.
Sats are more difficult, though, since you'd probably want to sweep them (or organize a sendmany), which could add an extra few seconds to the process. -So now all we need is a street filled with kilosats. ETA: I guess if they're physical coins, no extra time's added since you could use the coins as-is.
ETA2: This would make for an interesting prison/labor camp. Instead of breaking rocks, just spread $50 in near-worthless coins on the ground for recess.
In your scenario, your $7.20 per hour would really be closer to $10 or $11 per hour if you are not paying taxes, which, IMO is pretty good considering that this would be a zero skill talk
October 12, 2014, 08:42:14 AM
I will pick any coins on the ground that has value.
Even if such a coin is worth for 0.6 cent?
Wouldn't it be wiser for you to spend your time on a part-time work or self learning instead of picking up those 0.6 cent coins?
Assume it takes you 3 seconds to bend down and pick up $.006 once you have a rhythm down. You'd collect $.12/minute or $7.20 per hour. This sounds crappy, but it's worth noting you'd really have no enforceable tax liability, so if you've already maxed out your EITC working a regular job for the year, this could be an exceptionally fantastic part-time job. Plus you get to pick your own hours and have no boss less Coinstar.
Sats are more difficult, though, since you'd probably want to sweep them (or organize a sendmany), which could add an extra few seconds to the process. -So now all we need is a street filled with kilosats. ETA: I guess if they're physical coins, no extra time's added since you could use the coins as-is.
ETA2: This would make for an interesting prison/labor camp. Instead of breaking rocks, just spread $50 in near-worthless coins on the ground for recess.
In your scenario, your $7.20 per hour would really be closer to $10 or $11 per hour if you are not paying taxes, which, IMO is pretty good considering that this would be a zero skill talk
October 12, 2014, 07:05:50 AM
I will pick any coins on the ground that has value.
Even if such a coin is worth for 0.6 cent?
Wouldn't it be wiser for you to spend your time on a part-time work or self learning instead of picking up those 0.6 cent coins?
Assume it takes you 3 seconds to bend down and pick up $.006 once you have a rhythm down. You'd collect $.12/minute or $7.20 per hour. This sounds crappy, but it's worth noting you'd really have no enforceable tax liability, so if you've already maxed out your EITC working a regular job for the year, this could be an exceptionally fantastic part-time job. Plus you get to pick your own hours and have no boss less Coinstar.
Sats are more difficult, though, since you'd probably want to sweep them (or organize a sendmany), which could add an extra few seconds to the process. -So now all we need is a street filled with kilosats. ETA: I guess if they're physical coins, no extra time's added since you could use the coins as-is.
ETA2: This would make for an interesting prison/labor camp. Instead of breaking rocks, just spread $50 in near-worthless coins on the ground for recess.
That is an interesting analysis. But seriously if you repeatedly bend down once every 3 seconds (1200 times an hour), you will probably get into some serious pain and illness very soon.
October 11, 2014, 09:39:25 PM
That's a very low amount but if it looked flashy like real coins, I would.
October 11, 2014, 01:24:53 PM
Duh!!!!!!!
Hell ya I would!
Hell ya I would!
October 11, 2014, 09:03:06 AM
I will pick any coins on the ground that has value.
Even if such a coin is worth for 0.6 cent?
Wouldn't it be wiser for you to spend your time on a part-time work or self learning instead of picking up those 0.6 cent coins?
Assume it takes you 3 seconds to bend down and pick up $.006 once you have a rhythm down. You'd collect $.12/minute or $7.20 per hour. This sounds crappy, but it's worth noting you'd really have no enforceable tax liability, so if you've already maxed out your EITC working a regular job for the year, this could be an exceptionally fantastic part-time job. Plus you get to pick your own hours and have no boss less Coinstar.
Sats are more difficult, though, since you'd probably want to sweep them (or organize a sendmany), which could add an extra few seconds to the process. -So now all we need is a street filled with kilosats. ETA: I guess if they're physical coins, no extra time's added since you could use the coins as-is.
ETA2: This would make for an interesting prison/labor camp. Instead of breaking rocks, just spread $50 in near-worthless coins on the ground for recess.
October 05, 2014, 02:58:10 AM
Even though I understand it is worth very little, I will still pick it up because the effort to do so is negligible (while the return is negligible as well though).
October 04, 2014, 10:32:28 PM
Yes, I would even pick up 1 cent.
Every satoshi in my wallet counts
Every satoshi in my wallet counts
October 04, 2014, 07:36:53 PM
Better than the 0.00000001 satoshi spam companies send you though lol
October 03, 2014, 04:45:20 AM
If Bitcoin was real and can be touched..
Yes! I would definitely pick up that one cents (or less). I'm sure it will be very hard to find such as small value of coin..
Yes! I would definitely pick up that one cents (or less). I'm sure it will be very hard to find such as small value of coin..
October 03, 2014, 04:37:49 AM
If those are private keys for addresses with 1500 satoshi, I probably won't pick them up.
But if those are some physical coins, then I would pick them up to sell them as a collector's item.
But if those are some physical coins, then I would pick them up to sell them as a collector's item.
October 02, 2014, 06:37:51 PM
YES!!
Would you? Or would that be a waste of time for you?
October 02, 2014, 06:16:58 PM
It would be something like 70 pennies. I wouldn't pick such amount.
You wouldn't pick up two quarters and two dimes?
That's funny, I was gonna ask them the same question but forgot. I don't people that say they can't be bothered to pick up the change. Sure 70 cents isn't a lot for some people, but 70 cents is a lot of money to some, especially the homeless.
A lot of the time when I find change I'll throw it in one of the many donation boxes you see in stores. Hell, throw it all in a bin at home and around Christmas donate to the food bank.
What 70 cents? 1500 satoshis = 0.000015 btc = 0.0057 USD at this moment.
I don't think that 0.57 cent is a lot of money, even to the poor and homeless...
Are you kidding me? Not sure where you live, but even 70 cents goes a long way from eating to going hungry. There are homeless people living on the streets of Vancouver and they appreciate even 25 cents. As I mentioned in a previous post, it adds up. Couple people give a homeless person 70 cents, thats a meal.
It's all perspective. What maybe nothing to you, can be a lot to another person. Someone goes from having nothing to 70 cents, or even 50 cents, its better than having nothing.
As I said, that 1500 satoshi is not worth 70 cents, but it is just 0.57 cents.
The homeless people may appreciate 25 cents, but probably not so much for half a cent.
While the cents can add up, you will need to spend a lot on the transaction fee in the end, as DannyHamilton explained in post 40.
Fair enough, the topic got a little blurred comparing satoshis to actual coins. You're right, they are only worth 57 cents today, but they could be worth a lot more down the road. Which could change a lot of peoples opinions.
Wait, there must be something wrong here, as you keep considering the value 100 times higher than I do.
We agree the bitcoin price is around 380 USD now, right?
And that 1500 satoshi is 0.000015 bitcoin, right?
And lastly, 1 USD = 100 cents, right?
If the answers to all three questions are "yes", it seems you have miscalculated the "satoshi coin" value 100 times higher.
I had to come back today and look at this while not having beer in the system. You're right, I read the 70 pennies in the other post and just went from there while not paying enough attention to the decimal points. So yes, much of what I posted was misguided.
I'd likely still pick it up though, who knows what it could be worth down the road.
October 02, 2014, 08:29:31 AM
I'd have to pick them up knowing that they are a Finite supply, but i'm using a damn magnet to pick all those up
October 02, 2014, 08:25:02 AM
I pick it if it happens once. Im not going to pick it all the time.
October 02, 2014, 07:28:00 AM
It is dust after all.
People get worried when they find dust transactions delivered to their wallets.
People get worried when they find dust transactions delivered to their wallets.
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