Quote from: ciphermonk on February 18, 2013, 09:37:29 AM

Precious metals might be scarce on earth, but they are not scarce in space.

If we start mining asteroids, have fun watching the precious metal prices crash!

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With the known abundance's of metals in meteorites, even a very cautious estimate suggests 20,000 million tonnes of aluminium along with similar amounts of gold, platinum and other rarer metals.

http://news.bbc.co.uk/2/hi/science/nature/401227.stm

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A total of 171,300 tonnes of gold have been mined in human history

https://en.wikipedia.org/wiki/Gold

In case you didn't read that correctly, thats 20'000'000'000 tonnes in 1 asteroid versus 171'300 tonnes every mined in human history.

All of a sudden, Bitcoins start to make a lot of sense

..and just like ASICs:
I will start to believe once I see it :-)

Ente