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Author Topic: If bitcoin was real coins, Would you pick 1500 satoshis off the ground?  (Read 4556 times)
Tammy Chan
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October 03, 2014, 09:37:49 AM
 #81

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.

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October 03, 2014, 09:45:20 AM
 #82

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..

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October 05, 2014, 12:36:53 AM
 #83

Better than the 0.00000001 satoshi spam companies send you though lol

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October 05, 2014, 03:32:28 AM
 #84

Yes, I would even pick up 1 cent.
Every satoshi in my wallet counts

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October 05, 2014, 07:58:10 AM
 #85

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). Tongue

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October 11, 2014, 02:03:06 PM
 #86

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?
Not likely. If someone could bend down and pick up pennies consistently all day, they could ideally make significantly above minimum wage. (very, very ideally)

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.
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October 11, 2014, 06:24:53 PM
 #87

Duh!!!!!!!

Hell ya I would!

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October 12, 2014, 02:39:25 AM
 #88

That's a very low amount but if it looked flashy like real coins,  I would.

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October 12, 2014, 12:05:50 PM
 #89

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?
Not likely. If someone could bend down and pick up pennies consistently all day, they could ideally make significantly above minimum wage. (very, very ideally)

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. Tongue

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October 12, 2014, 01:42:14 PM
 #90

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?
Not likely. If someone could bend down and pick up pennies consistently all day, they could ideally make significantly above minimum wage. (very, very ideally)

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.
If you were constantly picking up the 'coins' then you would likely not need to stand back up but would simply stay in the "down" position.

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

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October 12, 2014, 04:58:47 PM
 #91

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?
Not likely. If someone could bend down and pick up pennies consistently all day, they could ideally make significantly above minimum wage. (very, very ideally)

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.
If you were constantly picking up the 'coins' then you would likely not need to stand back up but would simply stay in the "down" position.

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
Yeah. I was thinking I'd probably take a crouched-down position and waddle over to the next coin. Cheesy
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October 12, 2014, 05:45:22 PM
 #92

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.

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October 13, 2014, 02:25:16 PM
 #93

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? Tongue

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October 13, 2014, 02:29:00 PM
 #94

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. Cheesy


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October 13, 2014, 02:32:09 PM
 #95

Would you? Or would that be a waste of time for you?

defenitely yes. lol
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