Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
ragnar0k
on 03/01/2018, 02:02:13 UTC
Roach has some valid points

It takes energy to extract gold and silver, from burning fossil fuels. Peak oil also = peak gold and silver you can't magic it out the ground without expending the work.  'Proof or work' in bitcoin was based on that principle. There is no magic surplus going to arrive from outer space.
  
Also as per recent comments a few pages back. Lightning Network, I have also concluded is a banking layer plonked on top of bitcoin.

Ignoring this is akin to putting your head in the sand like an ostrich. But yeah, ignore the troll. Ignore me too. I'm used to hostility on this thread


That is because you guys talk nonsense. First of all we are going into space soon https://www.cnbc.com/2017/12/08/boeing-says-it-will-beat-spacex-to-mars-elon-musk-responds-do-it.html. Once we get there, making a 'mining' ship is just easy.
-Gold/Silver density will be higher in certain areas of space compared to earth, making mining a lot easier
-Sun energy could be harvested since they will be closer to the sun to extract gold
-Low gravity will make the extraction process probably a lot easier

But you must consider that at the time you have access to more resources, the value will deflate instantly, this is why you ain't going to see any mining spaceships anytime soon, unless it is for valuable matherials (lithium?Oil?)