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In the age where we might see asteroid mining in our lifetimes, or possibly even economically transmuting elements, gold seems like a bad investment to me.
by AuryGlenz 6y ago
In the age where we might see asteroid mining in our lifetimes, or possibly even economically transmuting elements, gold seems like a bad investment to me.
- dumbfoundded 6y agoThe power requirements for transmuting elements would probably significantly out do the power needed for mining bitcoin. In the case of asteroid mining, it'd likely go the way of the diamond. Diamonds are not rare and easy to create in labs yet still retain high values due to monopolization of the supply. No company that mines asteroids will want to flood the markets. Instead, they will monopolize the supply and find a balance of introducing supply and maintaining prices.