Post
Topic
Board Economics
Re: Asteroid mining company Planetary Resources acquired by blockchain firm
by
NoobyIntellecutual
on 09/11/2018, 11:01:59 UTC
I understand they want to go big however asteroid mining is so far away right now that probably the founder will not be alive by the time humanity can actually mine any asteroids. Is it really smart to make purchases like this? I mean shouldn't they focus on getting bigger by acquiring other blockchain based software companies first? They are big I will agree to that as a blockchain software company built in 2015 they are one of the earliest ones and most successful ones however no matter how big they get they will have competition so why not take out the competition by buying them out like the big silicon valley companies do? This new purchase seems like a waste of money, I can't see this new company helping them in any way at all and it was just money spent badly.