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40 sats \ 2 replies \ @Undisciplined OP 8 Nov 2024 \ parent \ on: How Can Mining Asteroids in the Future Make Us Richer Today? econ
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).
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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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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