Time Value of Money VS Money Value of Time

The time value of money is a well-known concept in investment calculations. It’s generally used as a way of forecasting the risk free value of money in a future point of time, because of interest earnings.

In cryptocurrency I’d like to introduce the concept of money value of time.
Cryptocurrency allows to collect free money through faucets, airdrops and marketing activities. Free money is never a bad deal, right? This puts us in a nasty situation, because every hour of relaxation or sleep is now in competition with earning money from those rewards. So let’s have a closer look, because cryptocurrency allow for rewards that are much smaller then cents. Some cryptocurrencies even allow 8 decimals after the comma. So what does that mean?

The question is, what’s the value of your time?
The value of your attention?
The value of your behavior?
The value of your feedback?
The value of your action?
The value of your recommendation?
The value of your work?
Let’s make a calculation of a faucet.

According to their website, Qoinpro gives daily rewards without doing anything.

So considering that prices remain stable, a year of patience will get you USD 15, but for that you need to trade all of them into another currency and pay withdrawal fees at the exchange. Not to mention the time you need to exchange them. By referring the service to others you can add bonus rewards up to 40%, if you referred 2500(!) to this website.

Freebitco.in offer a hourly reward of +0.00000031 and and 50% of referral winnings. As per below table, you can theoretically earn USD 17 per annum if you play the lottery every hour, but you’re not allowed to sleep anymore. Even if you have a 100 referrals and they are as diligent as yourself, this adds to USD 855 per annum.

Mysurvey.com give money completing online surveys.
Google and Facebook services are free, because they collect behavioral data and obviously, these have lots of value.
I can make plenty of other calculations, but the bottom line remains the same. If it sounds too good to be true, then it is too good to be true. Free money is not really free, you probably did something that earned that money for the counterparty.
If you do something in cryptocurrency for free, then either do it for fun, or make a rough calculation if the money value > time value.

I’m obviously not a supporter of these services, but I’ll just check in 5 years if there was a nice surprise. If you want to give them a try, these are my referral links, at least it’s free:
https://qoinpro.com/45859493798bb764601591e9f2466b05
https://freebitco.in/?r=5234631