Comments on: NASA finds rare metal asteroid worth more than global economy /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/ No 1 source of global mining news and opinion Mon, 30 Nov 2020 04:09:08 +0000 hourly 1 https://wordpress.org/?v=6.8.1 By: scooter duff /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-171356 Mon, 30 Nov 2020 04:09:08 +0000 /?p=1039984#comment-171356 In reply to scooter duff.

Incorruptible

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By: scooter duff /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-171355 Mon, 30 Nov 2020 04:06:20 +0000 /?p=1039984#comment-171355 In reply to Joey Quentin.

Price controls! Un-corruptable AIs price all goods and services with a dynamic model based on inherent worth, not supply/demand worth, putting an end to inflation. Then the world of new billionaires would become wealthy in purchasing power that would not diminish. Talk about a new kind of economy! That’s the path to Iain N. Bank’s post-shortage Culture,

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By: Shea /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145395 Sun, 01 Nov 2020 00:04:00 +0000 /?p=1039984#comment-145395 Well….who would buy it though? Like, are we going to get it? Where are we gonna put it.

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By: Agua Satoto /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145382 Sat, 31 Oct 2020 22:23:01 +0000 /?p=1039984#comment-145382 In reply to Joey Quentin.

Isn’t every d**k already a billionaire?

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By: Chief consultant /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145312 Sat, 31 Oct 2020 14:07:01 +0000 /?p=1039984#comment-145312 We avoid asteroids to bring even near the earth with dear of collision, how come NASA would want to bring and distribute its wealth? ?

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By: Engr. (K. D.) Glen Glendinning /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145306 Sat, 31 Oct 2020 13:32:53 +0000 /?p=1039984#comment-145306 In reply to Mathale.

E X A C T LY !

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By: Engr. (K. D.) Glen Glendinning /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145301 Sat, 31 Oct 2020 13:15:26 +0000 /?p=1039984#comment-145301 In reply to Piotrek radecki.

I N E R T I A ?

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By: Kopana /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145299 Sat, 31 Oct 2020 13:04:27 +0000 /?p=1039984#comment-145299 What is value of silicon metal

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By: Joe Altman /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145280 Sat, 31 Oct 2020 11:06:42 +0000 /?p=1039984#comment-145280 Well. Interesting find but far from being realistic.
Billions of dollars to further remotely explore.
Billions of dollars to send an orbital device .
Low chance of landing an exploration vehicle due to very high magnetic interference ( if it is actually iron) .
Diversion out of its orbit towards earth ? Impossible in today’s technology.
Entering earth atmosphere will burn it out in enormous rate. The rest will be catastrophic. ( human Dino’s eliminates or the majority of us)
I think that NASA should redirect funds to fight ourself destruction of the human race like the one we are facing now rather than explore the impossible.

Good for startrek movies
However fun to read.

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By: Mor /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145278 Sat, 31 Oct 2020 11:03:19 +0000 /?p=1039984#comment-145278 In reply to Lead Song.

Glad I read all the comments, the last one was the most interesting. Thanks !

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By: JazzDgte /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145254 Sat, 31 Oct 2020 06:45:54 +0000 /?p=1039984#comment-145254 In reply to Joey Quentin.

SpaceX is not sleeping to make sure we can mine space rocks one day. They got the billions already and trillion are approachings. With so much wealth, I don’t think you would just want to sleep and party. I think you would do what you want when you were just 10 years old.

With all the technology maturing plus new ones and AI, who knows what we’ll be capable of even in 20 years.

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By: Linda MacDonald /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145251 Sat, 31 Oct 2020 05:57:55 +0000 /?p=1039984#comment-145251 In reply to Piotrek radecki.

But mass matters… a lot. And an astroid that size and composition would have a great deal of mass.

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By: Kyle /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145245 Sat, 31 Oct 2020 04:46:51 +0000 /?p=1039984#comment-145245 Pretty sure if it’s not food or water… It’s worthless

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By: Cris /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145244 Sat, 31 Oct 2020 04:43:24 +0000 /?p=1039984#comment-145244 The global wealth is according to credit suisse 360,6 trillion dollars.

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By: Cris /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145241 Sat, 31 Oct 2020 04:30:12 +0000 /?p=1039984#comment-145241 In reply to Cecilia Jamasmie.

Its a intresting point of wiew, how the wealth of mankind is managed. Some people are filthy rich, and other have nothing. As every newborn child in all states got a huge goverment debt, they have less than nothing. The derivates of the world is astimates to 1,2 quadrillion dollars. But this is only in holding companies balance sheets, with no employment ot turnover. This wealth is not benefitting any of manking, cause its only by debt you get it back to people. Still all wealth is earned by hundred of generations, mostly in slavery conditions. It takes some 3800 years to give back this “money” if you give everyone 1000 dollars every second. Its a good question, why have this, maybe allready millions of holding companies, to avoid taxes and wealth for common people. Why destroy earth and all habitats for money?

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By: NA /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145232 Sat, 31 Oct 2020 03:01:36 +0000 /?p=1039984#comment-145232 In reply to Piotrek radecki.

But mass does. Inertia.

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By: jesse /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145231 Sat, 31 Oct 2020 03:00:10 +0000 /?p=1039984#comment-145231 Just nudge it to mars… When it lands, and the dusty death cloud from its impact settles, there would be a brand new crater to explore, that would have penetrated into the crust to study the layers of Mars, and a massive deposit of iron to use in building cities on Mars with…

All jokes aside, it is pretty neat that this could possibly be a planetary core

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By: Alexander Peysotchenko /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145224 Sat, 31 Oct 2020 02:03:10 +0000 /?p=1039984#comment-145224 If this huge mass is added to earth most likely the moon will fall on earth :), the rotation of earth around sun will slow or speed up, and the money would not matter at all then 😉

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By: Greg Ansen /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145206 Fri, 30 Oct 2020 23:32:46 +0000 /?p=1039984#comment-145206 Given that this is the only planetary core that we are ever likely to. touch, the science mission will be absolutely priceless too.

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By: Lead Song /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145140 Fri, 30 Oct 2020 16:55:39 +0000 /?p=1039984#comment-145140 No Jack, you don’t want to bring it back to Earth. The terrestrial value is trivial, it’s real value is for use **in space**. Raising payload from Earth to orbit costs ~$1.5M/tonne, even on the SpaceX Falcon Heavy. That’s a huge waste of fuel and money when we could get iron and nickel from Psyche. With silica and carbon from many other asteroids, and energy from sunlight (and someday fusion) we can make steel alloy freighters, which will then bring water from asteroids, Saturn’s rings, or even Enceladus. Water and sunlight make H2 and O2. With those ingredients you get effectively unlimited habitat, life support and rocket fuel, all without polluting Earth. It’s not an overnight development path, but it has to be worth working for. Let’s hope smelting in space isn’t too difficult for the markets to get behind.

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By: Geoff /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145133 Fri, 30 Oct 2020 16:18:18 +0000 /?p=1039984#comment-145133 In reply to Vishnu Gandhi.

It could be kept rare like the diamond industry does with diamonds.

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By: Cecilia Jamasmie /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145120 Fri, 30 Oct 2020 15:12:41 +0000 /?p=1039984#comment-145120 In reply to Neville Feltham.

There’s a more fundamental reason why a giant asteroid wouldn’t make the world fabulously rich. It’s because wealth mostly doesn’t come from big hunks of metal. It comes from the ability to create things that satisfy human needs.
A steel factory represents real wealth, because you can use it to make parts for cars, buildings and so on.

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By: J /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145112 Fri, 30 Oct 2020 14:40:25 +0000 /?p=1039984#comment-145112 Only on earth people will fight over shiny rocks

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By: Neville Feltham /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145103 Fri, 30 Oct 2020 13:58:58 +0000 /?p=1039984#comment-145103 In reply to Vishnu Gandhi.

Agreed. And then the economic fall out to the current industry we have in place. And then there is the relevancy of it all…if everyone was given $1.2 billion, disposal income would not differ than now due to price increases on other commodities due to the new supply of wealth and greater demand. Nice to dream about i guess.

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By: Piotrek radecki /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145102 Fri, 30 Oct 2020 13:53:15 +0000 /?p=1039984#comment-145102 In reply to Alan Raymond Taylor.

But weight doesn’t matter in space…

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By: Charles /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145090 Fri, 30 Oct 2020 13:34:00 +0000 /?p=1039984#comment-145090 It’s a nice and economicaly valuable discovery but is it possible to bring that precious thing back home

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By: John /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145081 Fri, 30 Oct 2020 12:43:21 +0000 /?p=1039984#comment-145081 Lighten up people. Can you not see the ‘entertainment’ side of this? I found it interesting ( unlike the commentary on what an ore body is etc).

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By: Simon /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145073 Fri, 30 Oct 2020 12:09:08 +0000 /?p=1039984#comment-145073 If someone would bring that thing close to earth, the metal price would drop to nothing, the earth would be destroyed, the mass of that asteroid would kill the planet …

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By: Joey Quentin /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145041 Fri, 30 Oct 2020 09:35:45 +0000 /?p=1039984#comment-145041 Well, talk about making every person of 7.8 billion population, to become billionaire worth of US 1.2 billion dollars. Then, the whole whole can retire and stay home. Every shops and malls on earth is closed forever. No more forex, shares, markets, currency exchange, investors and businesses and no one ever goes to work..! No more schools, universities, sports, jobs and banks. No more, politics, votes, governments and laws. But everyone drink, eat and party all day and night, until everyone dies. Wow, Imagine that folks…what a life, would the world have. Damn to hell…the world would become if, every tom, dick and harry becomes a billionaire.

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By: Martin Mount /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145039 Fri, 30 Oct 2020 09:31:59 +0000 /?p=1039984#comment-145039 The sort of misleading comment that Trump would make – FAKE NEWS.

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By: Kenneth /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145021 Fri, 30 Oct 2020 07:48:18 +0000 /?p=1039984#comment-145021 In reply to Lobo Tiggre.

I agree. I think you are academically inclined

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By: Steve /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145017 Fri, 30 Oct 2020 07:23:00 +0000 /?p=1039984#comment-145017 In reply to Lobo Tiggre.

We got the tech to check it out (at little extra cost to it’s original mission… based on poss value… check it… no brainer.

We may soon have the tech to bump it our way.

Value… whatevs we all do with it : )

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By: Mathale /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-145001 Fri, 30 Oct 2020 05:12:39 +0000 /?p=1039984#comment-145001 I am just curious to understand how this value was arrived at, and how is the 1.2 billion will be distributed to everyone of us on the planet, including those who will be born after 2026?

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By: Senarath Basnayake /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-144998 Fri, 30 Oct 2020 04:48:59 +0000 /?p=1039984#comment-144998 In reply to Cecilia Jamasmie.

….an asteroid with a rare amount of metal…..

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By: Tree Thunderchild /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-144968 Fri, 30 Oct 2020 00:17:49 +0000 /?p=1039984#comment-144968 It is nice this caught the attention of mining.com This planet has a rather thin layer on it that has life, which is more rare than metals (as far as we know). I’m in favor of life, which some might confuse as being against mining. But as with all business, ones where both sides win, tend to get better results in the long run. I am VERY much in favor of space mining, though not in favor of bringing it to earth. Those who say it’s not possible or economic, perhaps may not be able to think outside the box. Would not gold being dense, be valuable in space for radiation shielding? Not wanting to debate that point but point to the value of space mines not being limited to bringing it to earth. But in helping us to live and work beyond it. That those who do not love the earth, can leave it, in a good way. I like win/win scenarios. Mining in space? Please do. Things like cities don’t seem to fit on this planet as well as they would off this planet. Nature’s way of telling us something? I don’t want all that was done to get us here to be for nothing. I don’t want us to stop, I want us to move forward. At everyone’s benefit. No way exists? Then create one. I think the word “can’t” should be illegal for holding is back, when we should be flying. Thank you for your time, and for allowing this post on your site. DeepSpaceMine.

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By: cacarr /nasa-finds-rare-metal-asteroid-worth-more-than-global-economy/#comment-144960 Thu, 29 Oct 2020 22:58:50 +0000 /?p=1039984#comment-144960 In reply to Cecilia Jamasmie.

I object to “finds.” We definitely did not *find* it recently.

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