Is this the source for funding of Universal Basic Income?
New asteroid gold rush ‘could earn everyone on Earth £75 billion’
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- The world’s first trillionaire won’t come from cryptocurrency or some clever new app – he or she will become rich from asteroid mining.
.
That’s what bankers Goldman Sachs reckon, anyway – and several companies are now vying to be the first into space. NASA estimates that the total value of asteroids out there could be up to $700 quintillion – equivalent to £75 billion each for us here on Earth.
The rich get richer and everyone else get's richer too.
I'd settle for a few hundred thousand...no need to be greedy.
Very interesting, perhaps it will provide the material for humanity and change economics as we know it. If elements like gold, platinum, silver, copper, lithium etc are abundant and common, it would most certainly change definitions of value and precious. Lets see, perhaps the already wealthy will have the means to attain these new treasures, and the masses will never see an ounce.
are you part of 'the masses' or are you a trust fund baby?
either way you have a multi million dollar computer you're using right now.
Multi Billion dollar actually
by 1950 valuation.
You 'saw an ounce'
Apparently you don't appreciate it.
Easy big fella, I was voicing my skepticism about those that currently have much of the wealth and power. They tend to take a good thing and hord, control it. That it takes wealth and resource to get these mining operations going and I have a healthy skeptism about the altruistic nature of making these plentiful resources availble to humanity based on a free market. No, I am not a trust fund baby, I work for all I own.
They tend to take a good thing and hord,
no they don't. They take a good thing and put it to work so it grows.
some times exponentially, they create wealth.
They can't do it by themselves so they hire people, build factories, and generally invest.
It's called 'trickle down' , except that it's more like a waterfall instead of a trickle.
control it
No (see above).
Altruism is just selfishness in costume.
The free market is selfish. Thankfully.
If it wasn't, it would be called socialism, lol.
Using any metric you like, free markets make everyone wealthier.
(not to be confused with what we have had since 1913 and the fed. res.
A central bank is_communism through the back door - if you take the central ownership 'means of production' to mean total money control...)
Selfish free markets free everyone..
I was at a robot/technology fair over the weekend and the contest this year from NASA was making an excavator/mining robot. That's the future but why the hell would that provide an income for everyone and not those who own the mining robots?
Does the term "ICO" mean anything to you?
How would you like to buy part ownership in a mining robot?
I am familiar with the term, is everyone else in the world aware of them and in a position to parley that information into a "basic income", whatever the fuck that is?
At this time it would be pretty foolhardy to invest in such a venture, someone might succeed someday but it won't be anytime soon.
nattering naboobs of negativity.
right now would be a PERFECT time to invest
keeping in mind that you should never invest any money in
ANYTHING
that you can not afford to loose
Don't bet the mortgage payment's in other words.
BUT.
SpaceX has brought the cost of 'getting into orbit' way down from what it once was.
AND
If you're in orbit you're halfway there to any place in the solar system.
Not only that but a company has already began the process.
I might just write a post about 'space' mining/manufacturing.
Thanks for the idea.
It's too soon to tell who will be successful or when, you might end up investing in the next Myspace instead of the next Google and maybe a few decades too early. Or maybe it would be like investing in a fusion company, viable fusion is always just 10 years away. I saw the winner of the space mining robot contest, it was pretty crappy. It's going to be a while before anyone makes money off of actually mining and bringing back space ore, except of course the people who win the government contracts to develop the technology. The guy with that robot was saying that they were more interested in sending it someplace like mars to mine ice that could be used as fuel for a future base or return trips than bringing precious metals back to earth. H3 on the moon could be huge but who knows who will get there and actually be able to bring it back at a profitable cost. You'd be better off investing in someone on earth making money mining already. There is an incredible amount of gold just lying around on the bottom of the Bering Sea.
I'll read that post ;)
Asteroid mining has been a big part of the push for private corporations to enter into space technology. This was talked about at length in the 2016 book- Bold: How to Go Big, Create Wealth and Impact the World, by Peter H. Diamandis, who has a degree in genetics, astrophysics and an MD. It's an extremely interesting read! Dr. Diamandis has accomplished incredible things:
Founder of Xprize Foundation, Singularity University and Planetary Resouces
I'd settle for $1000 right now! lolol
To the question in your title, my Magic 8-Ball says:
Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.
Excellent very original posts! Here I leave you my vote, I wish you many successes, see you soon,)
What nonsense, though. If there is all this "easy gold" on some asteroid, the price of gold will plummet, and the total value of the world's mined gold won't really change all that much.
Are they really this desperate to come up with some bogus excuse/reason for foisting the next plank of The Communist Manifesto down the throats of uneducated Americans??? Geesh...
"For even when we were with you, this we commanded you, If any will not work, neither let him eat." -- II Thessalonians 3:10
yeah...it's nonsense.
or
it's a metaphor.
Space is chock full of resources and free energy.
So called 'environmental concerns' are non existent.
Put factories in space...make stuff. Metaphorical Gold.
But WAIT..there's more.
Some stuff can be made more easily in zero gee than it can be made on earth.
Some stuff (theoretically) can ONLY be made in Zero Gee.
but that's complete nonsense.
It'll never fly Orville.