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120 sats \ 15 replies \ @Undisciplined 31 May \ on: Bitcoin to be worth 100 oz of gold, says veteran trader Peter Brandt bitcoin
The unit value of gold is going to crater as we get closer to realizing asteroid mining.
Will astroids have gold in them?
It will be hit or miss if they have gold, I think.
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Many do have large concentrations of gold and other precious metals. Those will be the first ones targeted for mining operations.
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We have to be able to go up to space and stay up there for prolonged periods of time.
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No, it's going to be robots. Sending humans into space is not even remotely economical.
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You still have to have a person up there to do the maintenance and control the robots.
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I don't think that's the plan. It's too long of a voyage for a person. They need it to be fully automated.
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Maybe it won’t work, but I think that’s the plan.