/biz/ - Business & Finance

[Anonymous No.14425242]

>he invested in gold
Commence the dump

[Anonymous No.14425258]

Imagine believing everything NASA puts out

[Anonymous No.14425266]

>>14425242
They literally just announced the other day that asteroid mining is decades away and not even feasible at this point and time.

[Anonymous No.14425265]

it's a more realistic scenario than the rip van winkle caper.

[Anonymous No.14425281]

>>14425242
Lol imagine we actually have the ability to mine this asteroid.
I give 20 30 more years for this to happen.
If it goes well, gold price will dump very hard, all the Jews get ousted and all the world usher in a golden down of technology, because they will be able to use gold in electronics more readily instead of copper.

[Anonymous No.14425288]

>>14425242
>he fell for the asteroid mining meme
How dumb can you possibly be, we're 100 years away

[Anonymous No.14425295]

>>14425242
That gold fud is out of this world!

[Anonymous No.14425297]

>know that the government lies about everything
>believes something told to him by a government agency

[Anonymous No.14425350]

>>14425288
asteroid mining in addition to lab produced gold eventually it will become worthless metal as anything

[Anonymous No.14425360]

>>14425242
Schiff BTFO

[Anonymous No.14425399]

>>14425350
who cares about the gold price in 100 years, you'll be dead either way

[Anonymous No.14425435]

>>14425242
>mr goldberg, people are FOMOing into gold because of the upcoming economic collapse, our index is showing we are not done accumulating. what now?
>load the asteroid FUD

[Anonymous No.14425446]

>>14425242
Fortunately, the space agency is taking the trip for scientific purposes and isn't planning on conducting any mining.

[Anonymous No.14425480]

https://www.thesun.co.uk/tech/9378480/giant-golden-asteroid-psyche-61-billionaire-nasa-2022/

[Anonymous No.14425486]

>>14425446
taxpayers are an infinite resource, after all

[Anonymous No.14425492]

>>14425350
We'll all look fancy as fuck though

[Anonymous No.14425509]

>>14425492
except then this will be the pleb look

[Anonymous No.14425532]

>>14425350
He want to produce literal metals in a laboratory setting
So you saying we can create atoms
Hahhahahahahaha
Damn this board went to shit
You need a sub for that anon, and not any sun, a big enough sun that can turn into a black hole, good luck making that on earth.

[Anonymous No.14425577]

>>14425532
it's possible, just a matter of energy needed

it's nowhere near profitable though until we get free fusion energy.

[Anonymous No.14425725]

>>14425288
>implying
40 at most

[Anonymous No.14425763]

>>14425266
>Release FUD to make faggots FOMO in

>Sell their gold bags

>a week later announce o hey there's a a gigaton of gold flying into our solar system, lolz

>smugbart.exe

[Anonymous No.14425805]

>>14425281
It requires solar powered, self-assembling mining lasers, mass drivers, a self-healing orbital mesh to slow down metal boulders + a graphene cable space elevator to bring the ore to earth.

We can't even collectively build a ship to get to Mars.

[Anonymous No.14425863]

>>14425577
Which is impossible.
You can’t get it for free.
Again you need about 10 times energy of our sun to make gold or any atom.
It’s a fucking heavy metal.

[Anonymous No.14425922]

>>14425805
I know probably it’s either gonna pass throw our solar system or crash into Jupiter.

[Anonymous No.14425954]

>>14425863
You have no clue, do you? The Spallation Neutron Source can already do it from fission of Mercury (which is even heavier than gold).

[Anonymous No.14425998]

>>14425281
>If it goes well, gold price will dump very hard

Why would anyone spend billions and billions of dollars to acquire something knowing the end result would be next to worthless? We can't even get back to the fucking moon right now and you want to send spacecraft to the other side of Mars and return with more than a few dozen kilograms of unrefined ore than might have a handful of gold in it if you are unbelievably lucky?

[Anonymous No.14426043]

>>14425242
>that could make everyone on earth a billionaire
why even say such an obvious lie

[Anonymous No.14426100]

>>14425242
t. Shitcoin holder

The effort to actually mine on an asteroid would simply cost too much.

[Anonymous No.14426228]

>>14425805
And thank me later

https://imgur.com/qlwJBAh

[Anonymous No.14426453]

>>14425258
>>14425266
>>14425297
>>14426100

MAXIMUM COPE


>>14425288

even if it was 100 years away, the point is that it seems extremely unlikely for gold to survive another 2,000 years as a store of wealth now. there are so many ways that work in theory and can make its supply exponential, eventually one of them will succeed
it's not fit to store generational wealth anymore, at the very least that's certain.
meanwhile, there's no way to break crypto even in theory. according to our best knowledge/experience in complexity theory, we'll most likely never be able to decrypt private keys from address. though it's not proven, but even if this somehow does happen in the future, it'll likely be preceded by long series of theoretical and technological achievemnts, all public, and leave time for blockchains to migrate to something more secure.
the only way crypto can be "broken down" is if that technological achievment (decrypting private keys from addresses) happens overnight by a malicious party who steals all crypto for the sole purpose of having crypto destroyed (as they'll be pretty worthless afterwards). something that according to our current knowledge about the laws of math and physics, should never be actually possible.

[Anonymous No.14426892]

>>14426453
>there's no way to break crypto even in theory

Gold survives a nuclear war.

Crypto does not due to EMPs destroying the electrical grid.

[Anonymous No.14426929]

>>14426892
Those effects are temporary and localized. They wouldn't affect crypto as a whole unless a nuke went of in every city at the same time, then we wouldn't worry about crypto anymore either.

[Anonymous No.14426985]

>>14426453
>MAXIMUM COPE
Blockchain is a shitty tech and every encryption will be hacked in the coming future.

[Anonymous No.14426988]

>>14425954
>Mercury (which is even heavier than gold).
This is not true, Hg has a density of 13.534 g/cm3, while Au is 19.30 g/cm3. Regardless:
>The Spallation Neutron Source can already do it from
Provide source for this claim. Also:
>lab produced gold
No. Gold is even rare in the unvierse because it's created in very high-energy phenomena, such as supernova explosions. The Russians claim that one of their particle accelerators can produce something like 1 picogram of gold every 30 years, but so far there's no proof.
>it's nowhere near profitable though until we get free fusion energy.
Even with "free fusion energy", whatever that means, it's not only non-profitable, but not even possible.

[Anonymous No.14427002]

>>14425998
Can you read sir? I said in the near future not today dumbass.
Also, cheap gold means faster and cheaper electron transmitions.
Means that electricity would be basically free.
It can also be used in dna splicing for biotechnology.
It’s just gonna be like aluminum but with more functions.

[Anonymous No.14427009]

>>14425281
if only there was a truly hardcapped asset with frangibility and pseudonymity

[Anonymous No.14427034]

>>14425954
Please source me on this
I am very interested to read and point out how wrong you are

[Anonymous No.14427049]

>>14426892
>Crypto does not due to EMPs destroying the electrical grid.

that can happen. there are a million plus one ways crypto can be shot down TEMPORARILY. but your private keys can never be taken away from you e.g. if you just store the 12 word recovery seed in your head.

once people rebuild electricity and the internet, you'll have exactly as much crypto as you had before. that's the point.

[Anonymous No.14427055]

>>14426988
Good riddance.
Some people here can’t even look up the atomic density on google.
Such is the fate of our race as humans.

[Anonymous No.14427079]

>>14425266
You really think the chinks or poos won’t do a moonshot program to get all that gold???

[Anonymous No.14427130]

>>14425242

Gold is too precious to be used as a store of value and jewelry since it has better utility in electronics than being hoarded by rich assholes that don't do anything with it. It makes more sense to use an immutable electronic record of what you've done and how much you were rewarded for it.

[Anonymous No.14427163]

>>14425532
>t. alchemist
anyone know the way to smurf village?

[Anonymous No.14427224]

>>14425509
People will start wearing jewelry with their btc balance on it.

[Anonymous No.14427240]

>>14427002
More gold =/ free "electricity". Do you even know what electricity is? Electricity is already basically free, it's the energy which electricity acts as a transport for which is costly. Gold can't provide energy. An abundance of gold would do very little more than an abundance of diamonds.

[Anonymous No.14427256]

>>14425532
gold bug on a suicide watch

[Anonymous No.14427269]

>>14427002
So you think the economics of the future will be so different it will make sense to spend billions of dollars to get something so it will be worthless. The only way it will be worth doing is if gold goes up to a million dollars per ounce and stay there you unbelievable nincompoop.

[Anonymous No.14427277]

>>14427055
Some people don't know the difference between atomic weight and density

[Anonymous No.14427761]

>>14427269

Spending billions for better military and space hardware functionality, hmm I wonder which countries would be that crazy.

[Anonymous No.14427927]

>>14427240
Oh my god you are insufferably retarded.
Do you understand copper? Copper is used for transition of electricity. Copper is no way a good conductor as gold. But gold is too expensive. People steal copper wires because they sell them.
Now if gold become dirt cheap it can be used freely.

[Anonymous No.14427948]

>>14427269
You are retarded, please refer back to my post and study it.

[Anonymous No.14427969]

>>14427277
You know what I meant kek

[Anonymous No.14428013]

>>14427240
You Know that a tiny amount of gold is used in your phone and computer for superior conduction? Now imagine we can do that to all your computer and to all phones and to all electronics.
This is my last post to you. Either you get it or not.
I already did a good deed educating braiblets, I am not obligated to do more.