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But go on, how would be go about that, and what's being done in that regard?
Many of the richest people in the world are already working on asteroid mining projects. There are different approaches being considered:
- Wait for a relatively near approach and try to mine whatever minerals happen to be present.
- Identify a particularly suitable asteroid and send robot miners out to it.
- Try to nudge a mineral rich asteroid into Earth orbit and then send the robot miners up.
...That, and it would absolutely tank Gold's price into the ground, establishing Bitcoin as the #1 SoV.
Partially correct. It's very resource intensive to go get it, so they're not going to mine so much that it's not worth having mined it.
I actually see bitcoin displacing gold as the premiere SoV as doing the same thing as asteroid mining. The monetary premium fades away and a bunch of this really cool material gets freed up for industrial and artistic use.
Let's aim for $Silver's MCap in the meantime, shall we.
The wheel weaves as the wheel will.
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It is fun to think about, but I think it will pretty much just be robots up there.
Taking the prompt literally, asteroid mining. There's so much gold up there and gold is incredibly useful for a ton of applications.