Synthetic gold from LENR reactors could drive crypto to insane levels

[Ekaros]

It is really unrealistic to think that gold could be synthetically mass produced to a point that would make it profitable to do so. Simply launching a space ship costs millions alone, not including the technology and hardware required to mine on an asteroid and then have return trips back to Earth. Maybe one day within a century we will send people to Mars and we may very well discover significant amounts of precious metals on Mars. I just wouldn't see any financial collapse due to any of these scenarios.

If energy was to become really cheap just manufacturing fuel and other related tools would make regular mining more affordable...

Cheap energy means cheaper running cost and equipment costs which allows mining cheaper gold...

So there isn't really any point for synthetic stuff...

[KenJackson]

How many new regular nuclear power plants have been approved in the US since the Three Mile Island (TMI) accident back in the '70s?

If there have been any, there haven't been many.  And why?  Is nuclear power unprofitable?  Is it unsafe?  Does it pollute?  NO to all of these.  So what's the problem?

The media whipped up huge amounts of lasting fear at TMI.  Then they wrongly associated the carbon moderated, poorly designed, poorly shielded reactor at Chernobyl with the much safer water moderated, water cooled reactors that are common in the US.  The result was a confidence meltdown.  Japan's bad plan of putting emergency generators on trucks, leading to the Fukushima disaster didn't soothe either.

No, you can't do ANYTHING nuclear anymore.  It doesn't matter how sound or good.  Fear is the media's bread and butter and nuclear fear has been pure gold for them.

[pungopete468]

How many new regular nuclear power plants have been approved in the US since the Three Mile Island (TMI) accident back in the '70s?

If there have been any, there haven't been many.  And why?  Is nuclear power unprofitable?  Is it unsafe?  Does it pollute?  NO to all of these.  So what's the problem?

The media whipped up huge amounts of lasting fear at TMI.  Then they wrongly associated the carbon moderated, poorly designed, poorly shielded reactor at Chernobyl with the much safer water moderated, water cooled reactors that are common in the US.  The result was a confidence meltdown.  Japan's bad plan of putting emergency generators on trucks, leading to the Fukushima disaster didn't soothe either.

No, you can't do ANYTHING nuclear anymore.  It doesn't matter how sound or good.  Fear is the media's bread and butter and nuclear fear has been pure gold for them.

LENR isn't nuclear in the same context that people consider nuclear power plants. LENR is never going to make large amounts of energy; hence the name: Low Energy Nuclear Reactor. People who fear LENR might be afraid of the interactions between the atoms in their own body if somebody said they were "nuclear". People allow themselves to be misled too easily.

LENR has a positive yield in that the heat generated by the reaction between nickel and hydrogen can be converted to a relatively weak current of electricity for a relatively long period of time...

I think LENR has potential for development but you aren't going to be running your house off of a LENR any time soon.

I think there's more energy to be scrounged from our surroundings that can be cheaply captured. Creating energy is expensive, converting wasted radiant energy is cheap.

Lots of energy wasted all around us:

- Wave-particle duality is a Quantum Mechanical property of subatomic particles that will allow a nano chain of benzene rings (or any nano-tubular conductor) to efficiently convert waste heat into electricity. The greater the temperature differential between the ends of the chain; the greater the electrical output.
http://uanews.org/story/turning-waste-heat-power

- Metamaterials (Quantum Mechanics; just like above only different configurations of different elements) can be configured to harvest a diverse array of different types of waste energy, microwave energy, RF energy, vibrations, UV radiation, Cosmic radiation, ect...
http://www.pratt.duke.edu/news/wireless-device-converts-lost-energy-electric-power

Just to name a few, there's cheap power all around us and the interesting thing about these discoveries is the simplicity. These nano structures form naturally (think about growing a crystal) when you place an object in contact with a gas containing the elements.

[Bit_Happy]

Hi all!

low energy nuclear reactions have been more rumor than fact for a long time.

This may change now, over the next 1-2 decades.

http://www.forbes.com/sites/jeffmcmahon/2014/01/04/doe-mentions-technology-behind-the-home-nuclear-reactor-in-funding-opportunity/

Actually I think it is a nightmare, that will change the world forever. Synthetic rare metals will mean that there is nothing left to protect people from government created fiat inflation. Real estate is only for people that are already relatively rich, and it is also not portable and cannot be hidden from confiscation, which is a real issue in non-democratic countries.  

Jewish real estate was confiscated by the Nazis, escaping with gold was a possibility.  

WHAT DOES THIS MEAN FOR CRYPTO? Imagine that in a few years a breakthrough is published and Gold, Platinum et cetera can be mass produced as a by-product of a LENR reaction.

http://www.kitco.com/ind/Albrecht/2014-02-25-Alchemy-2-0-Low-Energy-Nuclear-Reactor-Creates-Gold-and-Platinum.html

Trillions of wealth will seek new targets. Real estate will be even more unaffordable than today, governments will abandon any limits and print fiat like mad, knowing that the gold standard will be history.

We will be helpless cows, milked by inflation and rental payments.

Cryptocurrencies however, will benefit from the gigantic stream of money, and the cheap LENR energy.

Expect $ 1000 000 BTC and $ 20 000 LTC, when the LENR shit hits the fan.  

Hope you can sleep tonight ....

Cheers
Leo

At least I learned something new today.
Hope you can sleep tonight ....
Maybe later this morning 

[KenJackson]

LENR isn't nuclear in the same context that people consider nuclear power plants. ... People allow themselves to be misled too easily.

You appeal to logic.  The media does not.

[Rygon]

How many new regular nuclear power plants have been approved in the US since the Three Mile Island (TMI) accident back in the '70s?

If there have been any, there haven't been many.  And why?  Is nuclear power unprofitable?  Is it unsafe?  Does it pollute?  NO to all of these.  So what's the problem?

The media whipped up huge amounts of lasting fear at TMI.  Then they wrongly associated the carbon moderated, poorly designed, poorly shielded reactor at Chernobyl with the much safer water moderated, water cooled reactors that are common in the US.  The result was a confidence meltdown.  Japan's bad plan of putting emergency generators on trucks, leading to the Fukushima disaster didn't soothe either.

No, you can't do ANYTHING nuclear anymore.  It doesn't matter how sound or good.  Fear is the media's bread and butter and nuclear fear has been pure gold for them.

Ask that to the folks who used to live in Fukushima. Yes, nuclear power plants are safe on a relatively small time scale. But when you look at a scale that spans decades, most are not built to withstand regularly occuring natural disasters like earthquakes.

[Ekaros]

How many new regular nuclear power plants have been approved in the US since the Three Mile Island (TMI) accident back in the '70s?

If there have been any, there haven't been many.  And why?  Is nuclear power unprofitable?  Is it unsafe?  Does it pollute?  NO to all of these.  So what's the problem?

The media whipped up huge amounts of lasting fear at TMI.  Then they wrongly associated the carbon moderated, poorly designed, poorly shielded reactor at Chernobyl with the much safer water moderated, water cooled reactors that are common in the US.  The result was a confidence meltdown.  Japan's bad plan of putting emergency generators on trucks, leading to the Fukushima disaster didn't soothe either.

No, you can't do ANYTHING nuclear anymore.  It doesn't matter how sound or good.  Fear is the media's bread and butter and nuclear fear has been pure gold for them.

Ask that to the folks who used to live in Fukushima. Yes, nuclear power plants are safe on a relatively small time scale. But when you look at a scale that spans decades, most are not built to withstand regularly occuring natural disasters like earthquakes.

It's regularory issue... Not like there hasn't been massive results in other industries... And compare the deaths per energy produced...

Fukushima and Chernobyl could both have been averted. We just need stronger policies and regulation. My understanding is that in Fukushima the meltdown could have been averted if the proposed fixed would have been done... The systems worked fine during and after the earthquakes. Problem was the design and auxiliary systems that couldn't handle the tsunami... And it was 40 year old plant, I wouldn't compare that to modern new designs.

[davidgdg]

I remember all the excitement back in 1989 with the cold fusion story which turned out to be a dud. Hopefully LENR reactors won't end up the same way.

Oh wait....turns out LENR is the new name for cold fusion.

 

[KenJackson]

Ask that to the folks who used to live in Fukushima. Yes, nuclear power plants are safe on a relatively small time scale. But when you look at a scale that spans decades, most are not built to withstand regularly occuring natural disasters like earthquakes.

It's regularory issue... Not like there hasn't been massive results in other industries... And compare the deaths per energy produced...

Fukushima and Chernobyl could both have been averted.

Chernobyl shouldn't be discussed in league with other nuclear power accidents because it was a coal fire.  That reactor was foolishly designed to use carbon as a moderator instead of water.  Once the reactor melted, the carbon moderator caught fire and burned like high-grade anthracite coal.  The carbon fire did what hot coal fires do--it churned a lot hot smoke into the air, pulling with it lots and lots of of radioactive particulate debris.

Most of those workers who got toasted got it while trying to put the coal fire out. All the citizens that got exposed to radioactive material got it as a result of the coal fire pumping it in the air.  Extremely foolish design.

Fukushima had a comity of errors, the most glaring one, to my way of thinking, was to skimp on emergency generators by putting them on trucks and thinking they could drive them wherever they were needed in an emergency.  Didn't anyone notice that emergencies often come with impassible roads?  If they had had emergency generators, they could have at least kept the reactors cool enough to not meltdown and therefore not release radioactive material.

[aminorex]

I remember all the excitement back in 1989 with the cold fusion story which turned out to be a dud. Hopefully LENR reactors won't end up the same way.

Oh wait....turns out LENR is the new name for cold fusion.

 

It's fundamentally the same phenomenon.  Works in Pd and Ni matrices so far.  Detailed mechanisms may differ. however, between the media.  It doesn't much matter if it is politically incorrect in the long run.  Truth will out.  Sadly we've lost 30 years of technology to corruption.

[Fachten]

how could a bacteria create gold without fusing? you cannot "create" something out of nothing. when you break it down into plain chemistry/physics gold is nothing more then electrons, neutrons, and protons. So gold can only be gained by fusing lighter elements (like the sun does, or hydrogen bombs) or split heavy elements.

http://fusioned.gat.com/what_is_fusion.html

Fusion of more heavy atoms then hydrogen is even harder to archieve and cold fusion should take a high vacuum (technically not possible till now) or a whole new technology.

[leopard2]

I think LENR has potential for development but you aren't going to be running your house off of a LENR any time soon.

yeah that's what I thought but dead wrong, they take pre-orders for 10kW single family home heaters.

http://ecat.com/

Fill out the form for an e-cat home ...  

Or the Swiss page, where it says the pre-orders will start shipping in 2015

http://www.ecatschweiz.com/Prodotti.html

Will they deliver before Butterflylabs?  

Now, if you want to know what the government will do to us goyim with LENR energy, The Hunger Games are a possible approximation.



Have a nice sleep, again. 

[aminorex]

yeah that's what I thought but dead wrong, they take pre-orders for 10kW single family home heaters.

You can register interest.  It's not a pre-order:  No funds change hands.

You can actually buy a 1 MW plant now, for industrial use.  At least one has been sold, to the US Navy IIRC.

[GreekBitcoin]

how could a bacteria create gold without fusing? you cannot "create" something out of nothing. when you break it down into plain chemistry/physics gold is nothing more then electrons, neutrons, and protons. So gold can only be gained by fusing lighter elements (like the sun does, or hydrogen bombs) or split heavy elements.

http://fusioned.gat.com/what_is_fusion.html

Fusion of more heavy atoms then hydrogen is even harder to archieve and cold fusion should take a high vacuum (technically not possible till now) or a whole new technology.

Fusion of more heavy atoms than hydrogen is easier to achieved. check lithium fusion...


and leopard2 comparing dynamos with electrostatic generators is retarded... there were always tiny electrostatic generators...

[Valle]

LENR is a fake science.

NASA seems to be in it: http://www.youtube.com/watch?v=WYCPOS24pU8

  Do you really think that NASA never ever employed brain sick people? LENR is a fake. Fake science can be easily detected by fact that nobody can reproduce same results.

[AlexGR]

LENR is a fake science.

NASA seems to be in it: http://www.youtube.com/watch?v=WYCPOS24pU8

  Do you really think that NASA never ever employed brain sick people? LENR is a fake. Fake science can be easily detected by fact that nobody can reproduce same results.

===>

http://www.grc.nasa.gov/WWW/sensors/PhySen/research.htm

Tests conducted at NASA Glenn Research Center and elsewhere consistently show evidence of anomalous heat during gaseous loading and unloading of deuterium into and out of bulk palladium. At one time called “cold fusion,” now called “low-energy nuclear reactions” (LENR), such effects are now published in peer-reviewed journals and are gaining attention and mainstream respectability. The instrumentation expertise of NASA GRC was applied to improve the diagnostics for investigating the anomalous heat in LENR.

Fake science?

[aminorex]

Fake science?

Facts don't matter to True Skeptics.

[leopard2]

of all the rare metals, Palladium sticks out since it has appreciated more than others and still is relatively close to 2010-2011 highs - while others, like gold silver or platinum, have dropped a lot since then. This anomaly could be coincidence, or some people knowing more than others

[MonadTran]

Sooner or later, we are probably going to see compact fusion reactors, asteroid mining, and 3D-printed fusion reactor-powered fully automated starships with golden toilets which themselves are able to print fusion reactor-powered fully automated starships with golden toilets. But no, I don't think this is going to happen soon, and, as others mentioned, not with fission reactors, because those don't produce gold in any significant amounts, and fuel for those reactors is probably more expensive than gold, anyway.

[aminorex]

of all the rare metals, Palladium sticks out since it has appreciated more than others and still is relatively close to 2010-2011 highs - while others, like gold silver or platinum, have dropped a lot since then. This anomaly could be coincidence, or some people knowing more than others

I think its a question of catalytic chemistry.  Better palladium catalysts have allowed palladium to displace platinum in many applications.

The Rossi design is by far the most practical LENR design, most reproducible and productive effect, and uses nickel exclusively.  If LENR dreams were driving palladium prices, the advent of the Rossi design would have crashed palladium prices.  (Nickel is too abundant to care.)  But it did not.