Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Cost of production to mine anything in space will be astronomical so you're wasting my time even mentioning it. You might as well claim we will mine gold inside a black hole or alternate dimension. We would probably attempt to mine metals 2 miles under the ocean long before space but that is of course no threat to anyone buying at current prices.
http://www.planetaryresources.com/http://deepspaceindustries.com/
Cost to start mining will be astronomical but so will be the quantities mined. Asteroid mining is not that far away in time. Privatization of space industry is bringing down costs. You don't really know whether the costs will be so high that the market won't be flooded enough to keep the price of precious metals down.
Lol, this is complete bullshit and those companies are basically Buttalik Butterin IPO scams. It's such bullshit they can't even create a valid infographic of what said mining would look like. Does this look like something you're going to see anytime soon or even a valid way to mine in the first place? LOL. Let me guess, the structure on the left is a Dyson sphere they're trying to maneuver around the sun to start up the miner (which probably also mines bitcoin at the same time):
That's a futuristic concept art, you don't need that kind of structure to start mining an asteroid, and it's not a Dyson sphere. You don't have to maneuver kilometer long asteroids, small ones will do, there are ones passing close by Earth, you don't have to go to the other side of the Sun or something.
It will probably be a couple decades but you shouldn't be so dismissive of it, especially if you're betting all on precious metals