Money and politics

that's a good thing though - suddenly high grade electronics become cheap as chips

iron is worthless tho

You think gold prices dictate the cost of a smartphone?

>As a kid I watched star trek alone. I always wondered if earth could ever achieve such an existence.
Yeah, but you guys blew that chance 1940, its all downhill from here.

So gold isn’t made in normal stellar supernova, but instead in neutron star collisions where one of the partners gets ripped apart?

Imagine thinking money works like that

That's not how gold works, the reason we place so much value in precious metals and stones has nothing to do with their inherent composition but with the small amount of it that is available, bringing that thing to Earth would make gold essentially worthless.

That Giant Asteroid of Gold Won’t Make Us Richer

bloomberg.com/opinion/articles/2019-07-08/asteroid-16-psyche-and-all-that-gold-won-t-make-earth-richer

Attached: stack-of-golden-bars-in-the-bank-vault-60756080_16x9.jpg (1280x720, 228.85K)

Oh god, the stupid.

No planet in the Solar System is capable of harboring carbon.based life as we know it, the only planet that could be viable due to positioning is Mars, but Mars is is impossible to terraform because it doesn't have a magnetosphere, which means any attempts at creating an atmosphere will just be met with the atmosphere itself quickly dissipating away into space.

We may have some luck terraforming Europa in the distant future when the Sun expands and destroys Earth, maybe then Europa will be habitable for a few million years before the Sun begins receding.

Other than that, our best bet is to simply create self-sustaining spacecraft.

WW2 was the great filter.

>everyone a Billionaire
hot dog!

Attached: TSUUUUU.png (228x258, 103.45K)

You're missing the point here. Post-scarcity means that there will be less competition. Everyone will essentially "be rich" because there is more to go around.
Asteroid mining will legitimately revamp the whole global economy for the better.

>make everyone a billionaire
AKA make iron, gold, and nickel completely worthless

>it would make everyone a billionaire
Which means a billion dollars would be worth nothing.

>Psyche 16
It wouldnt make everyone a billionaire, it would make a select few trillionaires as they only sold off as much gold as they wanted for the rest of their dynasty.

Even if gold, nickel, etc. become as common as water, you still will have scarcity, in land, in attractive women, in authority, and the like.

Scarcity is relative, there will always be things people want, that only a few have.

>Everyone will essentially "be rich" because there is more to go around.

If there is more then the value of it goes down to compensate, more gold won't make anyone rich, it will just mean gold will then be less valiable than silver and bronze or even iron and copper.

What you're proposing (Maintaining the value of gold despite it suddenly becoming one of the most common substances on Earth) is as dumb as saying "Well, why don't we just place the same value on dirt, the everyone is rich!", neither gold nor dirt are useful by themselves, in fact, gold is even less useful than dirt because you cannot grow food in a plot of gold like you would in a plot of dirt, gold is only useful in the way it is exchanged for goods and services, its value has to match the value of what you're purchasing with it, if gold is essentially worthless then it cannot make anyone rich.

All you'll achieve by bringing this amount of gold to Earth is make everyone equally poor, since the gold of those who invested in gold prior to the influx will be rendered worthless too.

More gold makes everything that is made with gold will be cheaper. That is literally ALL technology.

OR...as Douglas Adams spoke of in his books, just make the leaf the new national currency!

Canada would be the wealthiest nation, but only if we also accepted pine needles as currency.

this picture is dumb. If there was this much more gold, it would not be worth that much anymore. By far.

>Cost of gold goes down
>Cost of producing high quality electronics goes down
>Price goes down
At least that's how it should work

Most of the cost of electronics is labor.

Who said getting it out of the asteroid, processing it and shipping it to Earth would be easy and instant process? This asteroid is so massive, its orbit cannot be changed with current or near-future technology. You can take some 10 kg of material out of it and deliver to Earth for processing. To build a plant to process it on or near that asteroid would be hella expensive and will take decades or a century, a lot of money will take to do something with those resources so its not a magic trick that will be done in one day, not even in one generation.

Attached: EUv8y5HUMAICkwM.jpg (1364x2048, 916.73K)

>It will make everyone a Billionaire

Aahahahahahaha to think (((they))) will even let you have a gram of this without some interest is fucking hilarious.

good post till here
>gold is only useful in the way it is exchanged for goods and services
thats the point you went full retard

user, are you still there? I had this stupid idea of physics relating to atmosphere pressure and elevation. I was thinking if we move a large enough amount of dirt, dig a giant crater at -4'000 elevation, that small spot might pressurize at the bottom without making the slightest impact across mars.

We just gotta get some Cats and a couple of operators to mars. Maybr some grease and diesel.

Attached: 20200401_124247.jpg (1440x2100, 1.14M)