Hacker News Reader

Comment by DanielBMarkham | Hacker News Reader

Do you have any idea how much billable time is lost/spent with a group of highly skilled hackers sitting around commenting? Millions of dollars? Tens of millions?

HN is a bunch of bits. Worth about as much as any other bunch of bits. Without the people's investment of time and effort in submitting and commenting the site is worthless.

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I realize that I may have sparked this line of argument with my quip about the time I spend posting on HN. But the fact is that for every hour I lose here I might well save an hour somewhere else, because some person posts something about github, or Linode, or Dropbox, or some other tool that I might otherwise never have heard of and I get that much smarter.

Time spent socializing with smart people is very difficult to value in dollars, but it is certainly not valueless! If nothing else, it preserves one's sanity and morale. And these are very hard things to buy, indeed.

Seconded. I've spent a lot of time here over the last few weeks as I've slowly come to understand the culture (not that I really understand it yet) but that is time well spent. I've seen several pointers I've already used, and come away enthused and eager to work.

I don't "spend" time here, I "invest" it. As I discover people with similar opinions and complementary skills, my network expands, and my "value" increases.

My time here is not wasted, even if my username isn't orange.

As someone who often bills hourly, I'll go with $0. Your time isn't fungible; it only commands a bill rate if you can commit to a start time, milestones, and a delivery date. Very few businesses want to pay for your spare cycles.

So an hour with Bill Gates where you sit around chatting is basically worth nothing since he's not being directly paid by Microsoft at the time and his time is non-fungible?

Quick. The 15 seconds it took you to write that comment? Go sell it, and tell us how much you get.

Nice comeback, but address the example. People's time -- worth something only if sold?

Does the phrase opportunity cost ring a bell?

I'd argue that space cycles help you refresh yourself. I usually get off of Hacker News geared up to churn out code and designs. If I coded nonstop all day I would burn out.

I don't know about it being worth "something", but I'm pretty sure it's not worth "money" if you can't sell it; the context here is users paying for HN access.

The difference is market value. If Bill were to auction off an hour lunch date with him, the winning bid would be its market value. If he spent an hour lurking or commenting on HN, it doesn't mean that hour cost him the same amount.

I ready both of your comments and enjoyed them... Would I pay $5/yr for content like this? Sure. However, it seems that only one of you would stay around...

Agree, I liked/enjoyed those comments as well, was even wondering if they were talking about houses for a minute and not comment prices:-) I come here to exchange ideas. I'd be open to the experiment, besides if it doesn't work we can always put it back....

If you're friends with Bill, I'm sure he'll find the time for free.

If lost billable time is spent on Hacker News, then how is paying $5/yr for a subscription going to change anything? Your clients will, apparently, still be losing money.

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