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179 sats \ 3 replies \ @grayruby 8 Nov \ parent \ on: How Can Mining Asteroids in the Future Make Us Richer Today? econ
It shouldn't matter if it is currently economically feasible. What matters is if people believe that it will be economically feasible in the not too distant future.
Clearly the market doesn't believe this to be the case Gold prices are near ATH.
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40 sats \ 2 replies \ @Undisciplined OP 8 Nov
Unclear, since we don't know what they would have been. Maybe prices are rising because production hasn't increased as much as it would have in the absence of expectations of future space competition.
It does indicate that people aren't expecting space mining to be economical at crazy low prices, though (at least not in the economically meaningful future).
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57 sats \ 1 reply \ @grayruby 8 Nov
Right which was my position. It's not relevant until it is relevant. I understand the logic I just don't think we are anywhere near it mattering.
Bitcoin likely demonetizes gold way before asteroids do.
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20 sats \ 0 replies \ @Undisciplined OP 8 Nov
I agree and that's something prospective asteroid miners need to take into account, especially for gold. They're in the same position as the hypothetical gold miner I described earlier.
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