/biz/ - Business & Finance

>>16225592
1. Inflation.
2. There's actually no way to return the stuff to Earth. At best we could get it to the Moon or to Low-Earth Orbit.

>>16225592
if there was a viable way to retrieve that gold the price of gold would plummet, thus rendering that 'stroid worth exponentially less.

>>16225592
Why dont we just print more money instead

>>16225608
>1. Inflation.
What if everyone agreed to spend just a little at a time? Like just enough to live a comfy neet life?

2. There's actually no way to return the stuff to Earth
Imagine if it is?

>>16225592
Nah, bezos will do it by himself

Lol how the fuck do they even price a asteroid? Who says this is what it worth and will own it?
Are you going to ask soon musk for a lift on his next space x?

>>16225619
Why don't we just eat our own shit and drink our own piss then we wouldn't ever have to pay for food? It's pretty easy to get 100% efficiency if you use the proper container to make sure not one molecule escapes the cycle.

as a bitcoin holder, I support this. man made scarcity is best scarcity.

I quite surprised there aren't already some asteroid futures or some other derivatives being traded right now

Surely this is more real than crypto

Introducing great new quantities of gold would make its price go really low.
Like the others said, it would be just like printing more money (a move perpetuated by shitty third world countries' populist governments like mine to give out lots of welfare plans for example, wich causes inflation)
I do think that if we had the technology to achieve that, we would be almost all living above today standards.

>>16225667
>Introducing great new quantities of gold would make its price go really low.
We can just park it in orbit and agree to only bring small chunks down to earth at a time. Just enough to pay for everyone's daily expenses to live a normal life or maybe upper middle class. It is enough gold for that even if the gold price drops a little I think

goldbugs BTFO

>>16225686
>Just enough to pay for everyone's daily expenses to live a normal life or maybe upper middle class.

More gold does not mean more of anything else. Still the same amount of oil and other commodities. The same labor pool, except all those involved in the useless asteroid mining. I guess at least you would have found a way to make BTC mining seem energy efficient.

Silver is rarer than gold.

>>16225697
>More gold does not mean more of anything else
I understand that, but then everyone would be able to pay for what they need without wasting their life on wage slaving

real talk tho the price would tank because money is just a claim on goods and services, you gotta remember nothing ever happens. like money, it never happens, its never created, the market just prices in things at a correct price to account for currency, total supply, currency supply, ect. It's why we all poor. so kill the jedi, in minecraft of course

It's not real.

>>16225621
We could just smash it into earth, right biz?

Which country shall we drop it on?

>>16225592
Imagine believing this meme. You do realize other people have to live at the bottom for others to live in luxury right? It's not that different from tribes way back when it's just more civil now. There must be losers for there to be winners it's a fact.

>>16225709
Bringing that much gold and give it out 'just' to literally everyone in need would still make its price plummet.
Furthermore, the supossed easiness of getting it from the asteroid to make such charity campaign would also mean it's not as valuable as before. This implying that no corrupt mind or corporation would take high quantities of it illegally

>>16225709
>but then everyone would be able to pay for what they need without wasting their life on wage slaving

kk 8/8

>>16225621
every man ob earth put feet up to watch tv.
power goes out as no cunt goes to work any more.
God or diamonds are not valuable at all - they are not useful and only serve a monetary perpous for humans currently because they are rare on earth and hence make a good value system.
If gravel was rare then we could use that in exactly the same way as gold.
If you make gold as abundant as gravel you also make it as worthless.

SCARCITY is what gives anything value...
Have you heard about bitcoin? It is the first UNIVERSALLY scarce unit of value. You will not find any more anywhere in the universe!

>>16225592
I bet OP is a bch or bsvfag

>>16225633
>asteroid is made of gold
>price of gold ounce × mass of asteroid in ounces

it's not that hard bud, but that's assuming the price of gold won't drop down to nothing once it's here, which it would

>>16225592
Won't all that shit be radioactive considering it's been bombarded with solar radiation for millions of years?

Won't the price of gold just devalue?

>>16225592
Because it's not worth anywhere near $700 quintillion when you account for the fact that pouring that amount of resources into the market you'd be lowering the price of it significantly. They calculated that at the current price of all the resources, not adjusted. There are also all of the logistical issues that come from this, the odds of a successful mining mission are low, but costs high, so too much risk.

Electronics and Mars will guarantee asteroid mining monolithic profits.
But then ET.

>All these people taking OP seriously

>>16225848
gold would become worthless over night

>>16225592
>worth 700 quintillion
>there isn’t that much money in the world
>lol we will just print more
t Schlomo Rosenberg

Lol dumb. If you were able to mine and bring to earth, gold would not be scarce anymore. It’d immediately dump in value.

>>16225592
How long until someone goes and gets this rock and then market dumps the whole thing just to fuck boomer rock hodlers?

>>16225686
Why are you dumb?

fake as fuck

>>16225592
AAAAAAAAAAAAAAAAAAAAA

>>16225784
Scarcity is NOT what gives anything value.
Value is determined by supply and demand.
Scarcity limits supply, but it counts for nothing if the demand isn't already there.

>>16226685
>demand
the only reason Gold is in demand is because its used as a payment - not like carrots because you can eat them!
Demand for gld is as false as demand for BTC only gold is not as immutable!

>>16225642
>Why don't we just eat our own shit and drink our own piss then we wouldn't ever have to pay for food?
You're being hyperbolic. Please stop. Those two things are not similar.

This is incredibly dumb.
Gold is only valuable because of scarcity. It's not even that useful of a resource.
All that would happen is the value of gold will drop.

>>16226685
>Scarcity is NOT what gives anything value.
Having said that - why is the4 Mona lisa and van gough worth so much? Because they are so amazing paintings? (no they are shit), because they are a part of history?(other things are as easily a part of history but don't value like these turds).
No its because they are unique - scarce - they are effectively very hard to counterfeit $30,000,000 bills.
People will pay for somthing that no one else or very few have, just so they can feel above others.

>>16226837
well mona lisa is the most hyped painting in all of human history, of course it has value whether it looks like shit or not

>>16225608
>>16225617
>>16225619
>>16225667
>>16225697
>>16225737
>>16225784
>>16225848
>>16225873
>>16226061
>>16226463
>>16226479
>>16226807
>t. autism

>>16225592
the only sad thing about this, is that all boomers wil probably be dead before the first successful mining mission will happen. imagine seeing them with gold price becoming lower than copper

>>16225592
>still believes in "outer space"

>>16226782
No, that's not the only reason. There's also significant amount of demand from the jewellery industry, and some demand from the electronics industry.

>>16225592
You say it's a gold asteroid, but I notice your graphic doesn't mention gold. Are you sure it isn't iridium? That's known to be resent in some asteroids.

Iridium is much scarcer than gold, but most of what's mined is actually put to use (unlike gold where most of it is stupidly locked away). Because of its scarcity, plenty of alternatives have been developed - but the alternatives generally AREN'T technically better, so demand would certainly increase if supply increased.

wow it's this thread again, why do people still fall for it?

>>16225592
All that gold and not a single viable way to recover any of it.....
Lol how will wannabe asteroid miners ever recover...

If you bring the weight of the asteroid via mining products then you would need to equally transport out the same amount of weight of earth so as to prevent the earth from shifting its axis.

>>16225592
It's named after its discoverer...Asteroid #67-Shekelbergsteinowitzashkenazi-schiff-A1A

Actually this will be good because it could drive up the world economy and lower the price of gold and other metals. Meaning everything will cost less and everyone will be happy because all PCs and all consoles will be highly low.

>>16226889
You don't need to bring it to Earth, you just need to put it on the blockchain.

>>16226837
Yes it is because they are amazing paintings, and culturally significant as well. Your opinion that they are shit is very much a minority view.

There are plenty of other long dead artists whose paintings aren't worth nearly as much despite being scarcer.

>>16225784
>Have you heard about bitcoin? It is the first UNIVERSALLY scarce unit of value. You will not find any more anywhere in the universe!
you can literally print new coins out off nowhere

>>16227063
you quoted a retard but you're an even bigger retard

>>16225608
They're making drills

To those saying it would cause inflation, what about diamonds, which are as plentiful as ever, yet controlled supply by (((cartels)))

>>16227063
>you can literally print new coins out off nowhere
lol you don't actually believe this do you?

>>16225642
>he doesn't even know about my aquaponics recycling system
my shrimp farm blossoms on the nutrients from my bottom.

if we're able to set up the infrastructure to actually go and mine that asteroid, would mean the global economy is in a golden industrial revolution so then the price of gold doesn't matter anymore as things have really gone well for humanity in general, spoiler alert we'll never be returning resources from space to earth due to the cyclic cataclysm that BTFO humanity over and over again every 10k years or so

>>16226919
>Your opinion that they are shit is very much a minority view
I don't know about that man, high culture and high art are universally derided by much of the lower classes, and even when you ask the people who own the art it seems to be more about storage of value than anything else. You're simply trying to store your money in a form other than liquid assets, so that it can be moved, stored or transferred more efficiently or without being taxed.

Lel. They can make crude guesses about mass and density. No way they know what kind of metals are in there. So fucking fake.

Worse than tron

Cheap gold could make some electronics and some chemical engineering tech a lot more viable.

>>16225592
If this fucker made it to earth it would instantly make gold worthless.

>>16227689
brainlet

>>16227683
>I don't know about that man, high culture and high art are universally derided by much of the lower classes
They may diss it, but that's unlikely to be their honest opinion.
>and even when you ask the people who own the art it seems to be more about storage of value than anything else.
That is the case for some art and some owners. But it certainly isn't the case with the Mona Lisa.

You're simply trying to store your money in a form other than liquid assets, so that it can be moved, stored or transferred more efficiently or without being taxed.
Liquid assets are far easier to move or store - and usually easier to transfer without tax.

>>16227630
more like aquapoonics

Imagine you have a veritable fuckton of gold, then someone wants to sell you some more gold, how much would you pay for it? and would you buy it with your own gold?

>>16225725
Why not a continent? Africa has plenty of space to crash it and nothing of value would be lost by doing so.

>>16225621
Worst. Bait. EVER.

>>16225621
Lol why would you get any money?
Do you have any Tesla stock?

>>16225686
>We can just park it in orbit
Oh yeah let's slow down a million tons piece of metal and rock travelling at several thousand miles per second.

>>16225686
>Just enough to pay for everyone's daily expenses to live a normal life or maybe upper middle class.
Holy shit you are dumb. Capitalism doesn't work like this. There is already enough resources for everyone to live a normal life. They are not allocated fairly that's all. Like it was said, it would just crash the price of gold, but it wouldn't create better living conditions for everybody.

>>16225592
Gold would become super cheap, and we could all dress like Mr. T.

>>16229012
(...)It would mostly and only improve the living condition of those owning this fucking asteroid, and possibly those working on it.

>>16225608
There won't be any inflation if I put it in my basement and just use the little I need every day.

>>16227844
What about African women, aka white incels's breeders? The more of this sub-race there is, the less sexual value they have, the more white incels get laid.

>>16225619
This
My dad works at the fed. Whenever the employees want to buy a car or something they just turn on the printers for a few minutes. It’s how I got my cash to play with in crypto. Sometimes at take your child to work day they let us print a few k for shits and giggles

>>16225592
helium 3

>>16225608

>There's actually no way to return the stuff to Earth.

nigga we been building manmade lakes for centuries and we know orbital mechanics

>>16227844
Checked. Also solves the world hunger problem in the process. Is this the power of kek?