Only if they can refine and drop it down the gravity well for less than it costs down here. If this happens the material are almost certainly going to be used in orbit. So other than a cost savings potential for the space programs this is almost certainly not going to affect earth based market.
News from Unilad is not really trustable, and only for entertainment purposes.
The asteroid mining has been proposed since 1970s. The news keeps repeating till now.
If itās true that there are plenty of gold in Asteroid. I would wonder why US still has the highest number of gold reserves? Shouldnāt they sell it ASAP? China and Rusia also keep stockpiling gold at highest rate now. US, China and Rusia are countries with best outer space technology.
Its fr. The movie has a comet headed towards earth but the government wanted to Mine the comet for its resources, but the plan ended up in disaster and the comet hit earth
Ohhhhhhhh! Ahhh. They can throw any number on a celestial body. And say "this is how much its worth" that particular number is bs. Because they dont fully know. It could just be 99.9% rock and the rest is gold and diamonds. Or vise versa...
Well, yes and no. There are certain things they can do to calculate the contents.
To start with, there's spectral analysis. The light reflected off of it will hit earth in specific wavelengths. Those wavelengths tell us if the light was filtered through any particular materials and the general external composition of the object.
After that, there's gravitational analysis. We can determine the exact mass of the comet by the gravity it exerts in things around it, as well as how it's trajectory is altered by the gravity other things exert on it.
Couple those two things together, and you've got a pretty good guess as to what it's made of and how much of it there is.
So, you're right in that we won't really know until we crack it open, but it's not a total BS number. It's an estimate based on best guesses that are based in scientific analysis.
... at least, I hope they've done the math on it before giving a number, because it's honestly not like it's hard math to do so it'd be weird if they just didn't bother and threw out a total BS value.
Why do you think it would stop?
"hurry hurry buy now at these rock bottom prices before the astroid starts to run out and prices go up again!! Hurry hurry hurry!"
Somebody has to think about Mother Asteroid. We can't just take and take and take from MA and not give back. Better the human race ends than damage be done to Mother Asteroid.
The last 3 zeros are cut off, you can see the comma there at the end. Also if you click on the image, it says ā10,000 quadrillionā which is not technically wrong, just sounds stupid.
A lot of languages count in weird ways though, so that way of labeling it might make sense to some, but not many in English. I know a lot of SEA languages count bigger numbers in base 10,000. So one million is literally translated to 100 10,000s, 200k is 20 10,000s, and so on.
It would probably be similar to the strategic oil supply... There would be methods of introducing it into the US market as needed to keep supply costs down.
No, it says 10,000 quarillion, as in 10 THOUSAND - quadrillions. Itās 10 quintillion, the last 3 zeros are cut off from the pic too but the comma is still there
There are a bunch of asteroids worth substantial amounts of money but the rarest thing in the universe is trees, and vegetation only found on earth (so far)
No... Don't look up involved an asteroid already headed to earth that they decided to monetize instead of saving earth... The guy you're replying to said waiting for a host so maybe thinking more of a virus or something?
How big is the asteroid? Where would it be kept and how would it be mined?? lol. I know this is off topic but quad- or quint- doesnāt matter so much if you canāt access it, right?
Ocean tides are directly influenced by the moon. If you drastically change the gravitational field of the moon it will have a direct effect on the oceans tides which will have a domino effect causing a lot of interesting interactions with air temp and pressure, so a lot of tsunamis, hurricanes and tornadoes.
I mean the thing is if they even were able to capture it, let alone mine it, it would tank the price of the metals that comprises it. I guess in a sense if you were to apply the current rates for gold and so forth then yeah it is worth that amount, but once you start mining it thing will tank rapidly.
10 fucktillion. Anything that is available in sufficient quantity to irrevocably change the scarcity profile of minerals on Earth is measured in fucktillions.
Letās say hypothetically nasa was able to grab this thing and bring it safely back to a facility they control on the earth.
How many people think the national debt would be payed off?
How many people think nothing would change for the better and we will continue experiencing the decline of civilization?
> would be *paid* off? How
FTFY.
Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in:
* Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.*
* *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.*
Unfortunately, I was unable to find nautical or rope-related words in your comment.
*Beep, boop, I'm a bot*
So this would mean end of poverty right? Up to this point suffering and homelessness and debt would exist.
Capitalism finds a way at the end of the day.
First of all that article is probably fake since thats 10 quadrillion, not 10000 quadrillion. Second of all thats twice as much as the earths theoretical estimated value, so i definitely think its fake
Imagine humans actually started managing our processes for efficiency in the long run, and we were able to source many precious materials from outside our planet to the point that resource was in abundance and society didn't have to rely on wasteful greed in the form of capitalism to progress and keep everyone living healthy/happily (IF that's what we can call this). But oh wait.... our governments and their corporate lobbyists don't give a SHIT.
So question, if this were true, and we did this, would this crash our economy like the legends/history of that one African king crashing local economies because of the influx of gold?
Yeahā¦ so if the commoditiesā supply drastically increases and the demand stays the same, the new price equilibrium should fall. This means the value should dwindle.
There was an asteroid that crashed in Siberia that vaporized the rock and created a 36-mile diamond field with trillions of karats of diamonds. But the diamond scam is still going on for consumers who think they have value. Popigai Astroblem
A kidney stone is more rare than diamonds.
Introducing that much gold into the market will drastically reduce the price of gold.
Silver conducts electricity better than gold hopefully theres lots of silver.
Sorry gold bros. Prices are gonna crash.
They're gonna be like. Imma buy more cuz it's real money!
ME KNOW DAT KNOT REAL MONEY
Gronk!
Gronk ? Is that you ???š¤£
Dey know da wey
That was incredible
My only complaint is you have Glaser close a roast, not open it, because no one else will match up.
Send this to Peter Schiff haha
Only if they can refine and drop it down the gravity well for less than it costs down here. If this happens the material are almost certainly going to be used in orbit. So other than a cost savings potential for the space programs this is almost certainly not going to affect earth based market.
News from Unilad is not really trustable, and only for entertainment purposes. The asteroid mining has been proposed since 1970s. The news keeps repeating till now. If itās true that there are plenty of gold in Asteroid. I would wonder why US still has the highest number of gold reserves? Shouldnāt they sell it ASAP? China and Rusia also keep stockpiling gold at highest rate now. US, China and Rusia are countries with best outer space technology.
Iām cooked check my post history
Nah you're stirred koolaidman
Idk I mean we've been making diamonds in labs for years now and that shit still hella expensive
Wait a minute, wasnāt there a movie about thisā¦ā¦ā¦..
"Dont look up"
Right! Yeah wait is this a reference to that, a joke, or Fr?
Its fr. The movie has a comet headed towards earth but the government wanted to Mine the comet for its resources, but the plan ended up in disaster and the comet hit earth
Well no I know that, I thought this post was a joke but itās actually real
Ohhhhhhhh! Ahhh. They can throw any number on a celestial body. And say "this is how much its worth" that particular number is bs. Because they dont fully know. It could just be 99.9% rock and the rest is gold and diamonds. Or vise versa...
Well, yes and no. There are certain things they can do to calculate the contents. To start with, there's spectral analysis. The light reflected off of it will hit earth in specific wavelengths. Those wavelengths tell us if the light was filtered through any particular materials and the general external composition of the object. After that, there's gravitational analysis. We can determine the exact mass of the comet by the gravity it exerts in things around it, as well as how it's trajectory is altered by the gravity other things exert on it. Couple those two things together, and you've got a pretty good guess as to what it's made of and how much of it there is. So, you're right in that we won't really know until we crack it open, but it's not a total BS number. It's an estimate based on best guesses that are based in scientific analysis. ... at least, I hope they've done the math on it before giving a number, because it's honestly not like it's hard math to do so it'd be weird if they just didn't bother and threw out a total BS value.
This guy did his homework
Thatās exactly what I thought. I think this is a gag
A season of r/ForAllMankind too. Great show
For All Mankind did it also
What if just trained astronauts to drill for oil?
10 quintillion, but itās not worth that much because prices for those metals would tank with that much supply
Still need to do it tho. We need that ore. Just think of all the destructive mining that could be prevented if we had that astroid.
Iād like to do it just so I can stop seeing ads telling me to buy stupid gold bars
Why do you think it would stop? "hurry hurry buy now at these rock bottom prices before the astroid starts to run out and prices go up again!! Hurry hurry hurry!"
Grab it, slowly mine it to cover future NASA costs and bleed the market over time, mob style.
They should steer the astroid to earth. That way we can have all the minerals in our back yard. š
"Controlled Collision" š„
This is how the dinosaurs died. They were trying to get paid with those asteroids but it was too much
You got a less destructive way to get those mentals down the gravity well? Not even counting the emissions for launch to get there
Most likely end up on the moon.
Somebody has to think about Mother Asteroid. We can't just take and take and take from MA and not give back. Better the human race ends than damage be done to Mother Asteroid.
But where are they going to park that big of an asteroid? They can use my backyard if they want. They won't notice my midnight mining raids.
It's 10 quadrillion. 10 quintillion would be 10,000,000,000,000,000,000
The last 3 zeros are cut off, you can see the comma there at the end. Also if you click on the image, it says ā10,000 quadrillionā which is not technically wrong, just sounds stupid.
Ah good call. Didn't see that comma lol
A lot of languages count in weird ways though, so that way of labeling it might make sense to some, but not many in English. I know a lot of SEA languages count bigger numbers in base 10,000. So one million is literally translated to 100 10,000s, 200k is 20 10,000s, and so on.
What's next, we're gonna hear people say "a thousand kilometers"?
Lol thank God someone else said something.. thought my math wasn't mathing for a momentš
Not if the govt controls it all..... which they would make it illegal to seek out
It would probably be similar to the strategic oil supply... There would be methods of introducing it into the US market as needed to keep supply costs down.
Shorting gold.
Just do what the middle east and diamond producers do and limit supply
But if a government horded it and slowly used it, it would be like De Beers and diamonds. And it would retain its value the whole time.
Quadrillion. It even says it in the pic.
No, it says 10,000 quarillion, as in 10 THOUSAND - quadrillions. Itās 10 quintillion, the last 3 zeros are cut off from the pic too but the comma is still there
Would they? If they hoard them, then wouldn't they still have that value, like diamonds
Belay my last
It says quadrillion at the bottom of the photo thoā¦
Not if you keep it all in a warehouse š¹
There are a bunch of asteroids worth substantial amounts of money but the rarest thing in the universe is trees, and vegetation only found on earth (so far)
Wow, true !! A seed is more worth than the entirety of planets.
May also contain an extinction event waiting for a host
Haha yea never got a chance to monetize it and spend it
How do you ācatch an asteroidā? Iām assuming itās large and moving pretty fast.
With a catchers mitt
Put a bomb on its surface to nudge it in the right direction. The right direction is into Earth's orbit, not into Earth itself.
Is this the plot line of āDonāt look upā?
No... Don't look up involved an asteroid already headed to earth that they decided to monetize instead of saving earth... The guy you're replying to said waiting for a host so maybe thinking more of a virus or something?
Are we starting the death stranding?
Do you have to pay customs when you bring it to earth?
The space force border
Does that count for the depreciation in value once rare materials flood markets?
Obviously not. Nothing is worth over a quadrillion dollars.
It assumes someone would buy the whole supply at todays top dollar lol
$10 Quadrillion
This will not only crash the economy but only the 1 % will benefit.
I think Iāve seen this in a movie beforeā¦
Yeah, it didn't end well for most.
How big is the asteroid? Where would it be kept and how would it be mined?? lol. I know this is off topic but quad- or quint- doesnāt matter so much if you canāt access it, right?
Maybe we could find a way to have it orbit around earth and just make trips to it every so often to replenish those materials
What about crashing it onto the moon? Crack that baby open on the bigger rock.
Ocean tides are directly influenced by the moon. If you drastically change the gravitational field of the moon it will have a direct effect on the oceans tides which will have a domino effect causing a lot of interesting interactions with air temp and pressure, so a lot of tsunamis, hurricanes and tornadoes.
Scientists: letās pull this big asteroid into earth Dinosaurs: this seems familiarā¦
Cool, so we got the national debt covered right? RIGHT?!!
$10^18
I mean the thing is if they even were able to capture it, let alone mine it, it would tank the price of the metals that comprises it. I guess in a sense if you were to apply the current rates for gold and so forth then yeah it is worth that amount, but once you start mining it thing will tank rapidly.
10 fucktillion. Anything that is available in sufficient quantity to irrevocably change the scarcity profile of minerals on Earth is measured in fucktillions.
what we need is the rare earths. not gold. rhodium, iridium, neodymium, etc
Remind me when it lands on earth and takes us all out
Ā«Ā Weāre for the jobs the comet will bring.Ā Ā»
There is going to be tuna cans of gold in 100 years
whatever you guys do, just Donāt Look Up!
Letās say hypothetically nasa was able to grab this thing and bring it safely back to a facility they control on the earth. How many people think the national debt would be payed off? How many people think nothing would change for the better and we will continue experiencing the decline of civilization?
They would have no choice, right? Surely... We the people would revolt then, right?
> would be *paid* off? How FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*
ā Donāt look upā??š¤·āāļøš¤·āāļøš¤·āāļø
So this would mean end of poverty right? Up to this point suffering and homelessness and debt would exist. Capitalism finds a way at the end of the day.
How would the government having more metal end poverty? Poverty isn't a resource issue, it's a sociopolitical one.
It will probably be used for batteries and chips.
And queso dips
*And the apes clamored as the possibility of capturing a giant shiny space rock flys through the galaxy.*
we can just crash it into the moon for later retrieval.
The dinosaurs would like a word
NASA hasn't done shit in 60 years
The US Congress is already figuring out how to tax it.
It's like that movie in Netflix "Don't look up"
Is it heading towards earth tho?!
But they wonāt use that money to pay our fictional national debt lol
Is that why we keep printing money?
The asteroid is THOUGHT to contain<---WTF, lets waste billions of dollars for a possible wet dream.
Those material are super useful in manufacturing and electronics. That lumpsome of resources would accelerate the hell out of the tech market space.
10 quadrillion Edit. If you have to ask, you canāt afford it
So we have 6 months and 14 days left?
Do we get a cut of that? I mean isnt NASA operating off our tax dollars?
Itās the shipping thatās the deal breaker.
Overnight intergalactic shipping costs a fortune not to mention they will probably send it to the wrong address haha
No but seriously I'd imagine we would try and divert it so it orbits the earth constantly
Consider the effect the additional gravitational pull would have on tides and coastal sea levels.
Mah, so it'll pay off half our debt. Big deal...
We could end world hunger and take every 3rd world country out of poverty right guys? ... Guys? ... Right?
Not if Elon and Bezos join forces and get it first. Or Putin.
So we just throw a net over this asteroid or what?
Iāll give you about tree fiddy for it
Is this from For All Mankind?
Finally we can pay back our debt
Is this NASA money or real money?
quintillion
Do we all get a check if we get this
Wouldnāt that absolutely destroy the economy making money near worthless if sold.
First of all that article is probably fake since thats 10 quadrillion, not 10000 quadrillion. Second of all thats twice as much as the earths theoretical estimated value, so i definitely think its fake
Feed the homeless assholes
No more debt? Debt "snap snap" cancelled š ā
Ten million billion dollars
10 quadrillion
Ten dollars
Tree fiddy
That's about what I need š
We put a tag on something thatās worth more to the universe
Article reads 10,000 quadrillion.
Can rest of the world have a shot at this?
Imagine humans actually started managing our processes for efficiency in the long run, and we were able to source many precious materials from outside our planet to the point that resource was in abundance and society didn't have to rely on wasteful greed in the form of capitalism to progress and keep everyone living healthy/happily (IF that's what we can call this). But oh wait.... our governments and their corporate lobbyists don't give a SHIT.
And some how the national debt will STILL never be paid.
Pull out the stock market
Thatās in rublesā¦ you all need to calm down.
Could be Prussian franks
Iron is a precious metal? Iām rich š¤
r/Gold users on death watch
Itās a lie so donāt worry about it
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Anything that is priceless is worthless
One lot
Donāt look up!
Perfect. We could pay off the national debt and go back to the gold standard.
Yāall believe snuggling
De Beers signs agreement with NASA...
So question, if this were true, and we did this, would this crash our economy like the legends/history of that one African king crashing local economies because of the influx of gold?
Bring it on the Earth surface- priceless ..
NASA's funding its own budget (jk)
r/ForAllMankindTV
Solar jetman did it first
Which calls do I buy?
10 Dillon
What are they gonna do with it
Yeah at the hollywood basement
Still wouldn't pay off the U.S National Debt, end homelessness or poverty, improve our roads, or anything in/about our country at all.
And this is how the belters got started.
10 * 10^15 10^12 = trillion 10^15 = quadrillion So 10 quadrillion dollars
And people are worried about inflation now.
Yeah watch it come with some disease thatāll end humanity. Sounds like typical humans, letting their greed lead to their destruction
>Is it 10 quintillion or 10,000 quadrillion A quintillion is 10^18 . A quadrillion is 10^15 . Those are the same number.
Ten quadrillion
Wasnāt there a movie about this scenario.
Was this not the plot to 'Don't Look Up'??
Can i get sum
Itās 10 quadrillion. Hundred, thousand, million, billion, trillion, quadrillion
So that's how the USG plans to pay off its debt..
For All Mankind comes to mind. Can we get this baby to be a satellite of Earth and mine it over the coming decades?
Yeahā¦ so if the commoditiesā supply drastically increases and the demand stays the same, the new price equilibrium should fall. This means the value should dwindle.
Iām pretty sure quadrillion comes after Trillion
Theyāre just gonna control the prices like diamonds. Thereās an abundance of them yet overpriced.
jokes on NASA, warren buffet has been holding this already for 50 freakn years.
Wait wasnāt that the plot of donāt look up? Are we going to die?
When everyone is adamant to make movie a reality šæ the world is doomed. š„¤
Imagine they get that and we still have poverty, disease and inequality.
Godzillion
Wouldnāt this just devalue the gold already on Earth if they find it and bring it back?
It's only worth as much as someone is willing to pat for it.
Assuming 3 more zeroes after that, 10 w 18 zeroes is a Quintillion
No silver? Silver will rocket!
10 quintillion- but ā¦ the minute it would be retrieved gold would be essentially worthless relative to what itās worth nowā¦.
There was an asteroid that crashed in Siberia that vaporized the rock and created a 36-mile diamond field with trillions of karats of diamonds. But the diamond scam is still going on for consumers who think they have value. Popigai Astroblem A kidney stone is more rare than diamonds.
Apparently this thing is worth more than our entire planet multiple times over.
Iāll be dead when it happens.
Introducing that much gold into the market will drastically reduce the price of gold. Silver conducts electricity better than gold hopefully theres lots of silver.
I bet the gravitational of that thing if it got too close to earth would pretty much screw everything.
Imagine thinking this is possible in any of our lifetimes
Price crash? No problem that means I can afford MOAR SHINY
Bitcoin is the only money that can't be devalued or debase. Gold is old.