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31 sats \ 12 replies \ @Public_N_M_E 8 Aug 2023 \ on: How much are sats worth to you? bitcoin
Quite a bit.
If BTC is a measurement of energy. Then 1sat/min out of fountain for 1hr a day. Means my energy for that hr is worth 60sats. That's not a lot. So to me, it's worth quite a bit as it represents my time and energy, which I value quite highly.
Fountain is not paying me anymore. They stopped a couple of months ago.
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I sent them a ticket. And they're looking at it. Apparently although possible to have your random allowance set at 0sats/min it's uncommon for it to be like that multiple weeks in a row.
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What happened to me was all the network switches during a business trip set off one of their security flags. Eventually, I got in touch with someone there who got it sorted out.
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That seems to be a common experience. I'm earning again, for the time being.
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I get promotions (today I got 6 sats for a promoted 1.5hr long cast) but I don't get regular listens anymore.
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My promotion earnings are similarly atrocious. One time it was actually 1 sat, total.
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Interesting. For me they aren't worth quite a bit, but a hundredth of a bit.
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That implies you value the content at zero, which seems unlikely.
What it says to me is that you value your best alternative to listening to Fountain no more than 60 sats higher per hour. That should be a much lower valuation.
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True... I value Spotify or YouTube... Less than fountain because they don't pay me ultimately.
But I'd value my time higher
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True... I value Spotify or YouTube... Less than fountain because they don't pay me ultimately.
But I'd value my time higher if my randomly allocated earnings per min was ever higher than 1sat.
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That's interesting. Normally, people adjust the value of their time according to their main source of income. I certainly hope that isn't 1 sat/minute for you.
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I see what you're saying and ofcourse, my time is worth far more than 1sat/min obviously. I was being facetious, about the value of sats, with 1 being higher because it's worth more than a cent or a penny in a fiat system backed by nothing and continually inflating and devaluing.
May not be worth more in real terms now... But it very much could be.
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