Well, it's $1000 to spend on beer for multiple years.
Exactly. The only actual "cost" of these memberships is whatever interest or return on investment you would have gotten on your money over the next 3-5 years (that's how long the
gift cards are good for unless you spend thru them sooner) by keeping it in some sort of income producing account or using it for some other investment vs. paying it to Tired Hands now.
It'd be a different story if the
gift card was for less than the membership cost (ie: $800
gift card for a $1,000 membership), but the
gift card and membership are $4$. Plus, if you take the $1,000 one for example, you're getting $1,250 worth of beer for $1,000, which for most is going to already negate any lost opportunity cost vs. keeping your $1,000. You're also getting a t-shirt, glassware, etc for free and you're saving X number of hours of your time over the next 1-3 years by not having to line up outside the brewery at 8 AM on a Sunday.
Now if I lived in CA or something and never go to Tired Hands to use the discount, then there's no ******* way I'd do any of these. If you're local though, and go to TH at least semi regularly, then this is a no brainier (unless you need the money now for something else obviously)
tl;dr: If you have the cash, it's worth it.