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Author Topic: If bitcoin was real coins, Would you pick 1500 satoshis off the ground?  (Read 4486 times)
dbshck
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September 14, 2014, 02:37:52 PM
 #21

Yes i would, no matter how much it worth, i'll still pick it.
Just feeling strange to ignore such things. Smiley

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linxproz
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September 14, 2014, 04:32:49 PM
 #22

Yes and I would pick only 1 satoshi from the ground to donate it.
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September 14, 2014, 07:41:33 PM
 #23

i would, its not that i care about 1500 satoshis, but i dont like wasted money.

even for coins of fiat, i have a big jar and place them there, i teach my kids to do the same.

the jar is currently over 6 kg heavy, didnt bother to count the worth tho, its more cool like this.
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September 14, 2014, 08:28:16 PM
 #24

No .. Who would drop 1500 satoshis on the ground every hour? or every day? ..
BTC is a real coin actually , but we got it in asets , same like oil , would you like to pick 1L oil off the ground?
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September 14, 2014, 08:57:21 PM
 #25

Definitively I would, if I had not much more work how to redeem the 1500 Satoshis.
qr code of the private key is ok for me
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September 15, 2014, 12:31:46 AM
 #26

No .. Who would drop 1500 satoshis on the ground every hour? or every day? ..
BTC is a real coin actually , but we got it in asets , same like oil , would you like to pick 1L oil off the ground?
Can never have enough oil around the house. I'd imagine 1500 satoshis' worth of oil would be more like a drop than a liter, though.
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September 15, 2014, 12:35:08 AM
 #27

depends, is it dirty or not

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September 15, 2014, 04:02:06 AM
 #28

$0.0072?  Probably not.  I generally don't pick up U.S. pennies that I find on the ground, and that's less than a U.S. penny.

It would actually be less because you would need to spend the entire amount you were to pick up if you wanted to attempt to spend it.
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September 15, 2014, 05:28:10 AM
 #29

I will pick it up if its 1 bitcoin, 1500 satoshi is too little.
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September 15, 2014, 05:50:14 AM
 #30

I would pick 0,001 btc or more, less is only dust and could be found by someone who can appreciate them..

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September 15, 2014, 06:27:04 AM
 #31

Yes I would, I don't own any satoshi...
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September 15, 2014, 09:07:20 AM
 #32

Any coin is extra right no matter what currency it is! Smiley

I personally yes would waste my time picking up satoshi's from the ground no matter how many were down there as like I say it's extra in the end and who doesn't need extra. I mean I may look a little crazy spending a chunk load of time picking them up but at least I would know I was a little better off afterwards.
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September 15, 2014, 10:20:16 AM
 #33

Yep i probably would as i could buy some altcoins with promising future for that and turn it into quite nice profit at the end of it maybe Tongue
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September 15, 2014, 12:35:38 PM
 #34

1500 satoshis could be worth something in the future, so I would pick them for sure.

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September 15, 2014, 12:46:43 PM
 #35

It depends on the current value, if 1500 sat will be valued 10$ or more in that precise period I'd pick them all, viceversa not.
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September 15, 2014, 03:01:01 PM
 #36

Nope for me. Even if the coins are clean, bending down 140 times for a dollar doesn't sound like a good idea to me. Smiley

How much is that?  $0.70 or so?

Hmmm, depends how it looks.  If it looks like physical Bitcoins, hell yes!

If you picked it 100 times, you will get about $0.7 lol. Tongue

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September 15, 2014, 05:30:47 PM
 #37

No .. Who would drop 1500 satoshis on the ground every hour? or every day? ..
BTC is a real coin actually , but we got it in asets , same like oil , would you like to pick 1L oil off the ground?
Can never have enough oil around the house. I'd imagine 1500 satoshis' worth of oil would be more like a drop than a liter, though.
that's the point.. it not worth that to take that satosi Cheesy , except every betwen 15 to 1 hour you found it Grin
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September 17, 2014, 09:33:45 PM
 #38

That depends on how many coins there are, and how far they are apart.

If I can pick up a coin every second and there are countless of them around me, I would definitely spend as much time as possible there to pick up every coins and get 0.054 btc an hour.
If I need to walk a minute to find a coin, why would I waste an hour to get 0.0009 btc?
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September 17, 2014, 09:40:43 PM
 #39

Yes for sure! I would pick it up off the ground, leave it in a safe for 5-10 years or more and then check the price.
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September 17, 2014, 09:43:59 PM
 #40

If I can pick up a coin every second and there are countless of them around me, I would definitely spend as much time as possible there to pick up every coins and get 0.054 btc an hour.

That would require you to spend at least 3,600 outputs.

You'll end up spending at least 0.00001 BTC in fees for every 6 outputs that you spend.

That means that in order to spend the 0.054 BTC, you'll pay at least 0.006 BTC in fees, resulting in only 0.048 BTC in spendable income.

That assumes that you pay a transaction fee of only 0.00001 BTC per kilobyte, that you can fit 6 outputs per kilobyte into your transaction, and that every one that you pick up is a single output.

If you pay a more typical 0.0001 BTC per kilobyte and you fit a more typical 5.5 outputs per kilobyte into your transaction, you'll end up paying more like 0.06545 BTC in fees to spend the 0.054 BTC.  This means that picking up the coins will actually cost you 0.01125 BTC per hour.

It would make more financial sense to do something else for the hour to earn cash, and then exchange that cash for bitcoins.
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