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Author Topic: Is space mining creating market differences and on-earth-inflation?  (Read 422 times)
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April 12, 2024, 02:07:37 PM
 #41

I thought that the main issue with space mining would be that it's way too expensive to go into space and perform the necessary work, which makes the operation a waste of money. However, there's actually a bigger problem: according to NASA, we're not there yet on a technological level. There is research and there is interest in this idea, but the tech just doesn't exist. Another thing that needs to be developed is a legal framework to establish the ownership of things mined in space.
Considering financial, technological, and legal obstacles, I think we shouldn't worry about the impact of space mining in the near future.

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April 13, 2024, 03:54:18 AM
 #42

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April 13, 2024, 12:35:08 PM
 #43

we haven't been there yet to estimate its effect towards the earth economy but im expecting that it might create market differences if the cost of transporting and mining and the raw materials it produces far outweight whatever it is in earth, the key term is whether its cost efficient enough to make a profit and whether there are abundant resources out there to mine.
space mining could only work if its cost effective enough, but we haven't invented anything that could support the space mining as for my knowledge.
even transporting interplanetary materials take so much money, sending rover to mars already taking so much money i don't think its viable enough as of now until we finally found new technology that could
cut costs such as spaceX's reusable rocket only then its gonna be affordable enough and still make profit otherwise i'm quite pessimistic that its gonna be done around this century anyway.

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April 13, 2024, 04:52:59 PM
 #44

Space mining will not be possible for the next 50 years atleast, and we never know what will be the priority after a century and most likely the demand for natural resources will be higher so companies will be focusing on bringing them to the earth. As of now we don't worry about stacking as much as gold you can.









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April 16, 2024, 10:43:31 AM
Last edit: April 16, 2024, 10:59:32 AM by Argoo
 #45

I thought that the main issue with space mining would be that it's way too expensive to go into space and perform the necessary work, which makes the operation a waste of money. However, there's actually a bigger problem: according to NASA, we're not there yet on a technological level. There is research and there is interest in this idea, but the tech just doesn't exist. Another thing that needs to be developed is a legal framework to establish the ownership of things mined in space.
Considering financial, technological, and legal obstacles, I think we shouldn't worry about the impact of space mining in the near future.
You are a little mistaken. Technologies appear relatively quickly as soon as there is a demand for them. The main thing is that humanity has already reached the level of technical development when it can develop technologies for the extraction of minerals on other space objects. Of course, we are not talking about the next decades, although this is quite possible. Look how technology has advanced over the past half century.

Regarding the legal basis for the extraction of natural resources in space, the current methodology of private law in civil legal relations, the basis of which has existed since the so-called “Roman law,” can well be applied to it. Roman private law, which regulates all civil transactions, is more than two thousand years old, but to this day this law has not changed significantly at all.

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April 16, 2024, 02:26:58 PM
 #46

Space mining will not be possible for the next 50 years atleast, and we never know what will be the priority after a century and most likely the demand for natural resources will be higher so companies will be focusing on bringing them to the earth. As of now we don't worry about stacking as much as gold you can.
If what you are talking about is about accumulating physical gold which is a reality for everyone, I also think that it is not wrong to do so because now the price of gold has also increased and some people consider it expensive. However, because gold still has no limits up to now, wouldn't it be better to use other options such as collecting Bitcoin when the price is being corrected because at the current price level it will also be able to provide quite a profit if the price increase occurs again during the halving moment? Later.

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April 16, 2024, 03:46:57 PM
 #47

Space mining will not be possible for the next 50 years atleast, and we never know what will be the priority after a century and most likely the demand for natural resources will be higher so companies will be focusing on bringing them to the earth. As of now we don't worry about stacking as much as gold you can.
the rare material such as gold and the other will probably greatly affected when space mining is a thing but as you said no need to worry about next 50 year, because our technology stil so far from allowing us into having some efficient space mining going on, the increase in the material that earth is having due to space mining is still far away, but this doesn't mean that investing in precious metal will always be a safe haven for most of us to avoid the inflation, it also means that maybe in the future when space mining is really can be done by certain people or company or even government the price of the precious metal defnitely gonna be affected whether by small scale or large scale

but we are talking about the far future where everything is already advanced enough, right now even we are struggly in having inexpensive facility to launch a rocket, we are still in the early phase of space exploration where everything is still basics.

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April 16, 2024, 03:54:09 PM
 #48

Look how technology has advanced over the past half century.

But some have really not, we have internet, intelligent washing machines that you an program to start and close when your solar panes are in full sun, a fridge you can take a live look from your smartphone or make it add things to your order as soon as you get an item out of it but when it comes to flying, we haven't done much. Neither with space technology, we're 70 years after the launch of a satellite and not much has happen.

 
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April 22, 2024, 12:18:38 PM
 #49

Look how technology has advanced over the past half century.

But some have really not, we have internet, intelligent washing machines that you an program to start and close when your solar panes are in full sun, a fridge you can take a live look from your smartphone or make it add things to your order as soon as you get an item out of it but when it comes to flying, we haven't done much. Neither with space technology, we're 70 years after the launch of a satellite and not much has happen.

 
Everything has its time. After Neil Armstrong walked on the moon on July 20, 1969, the space race between the USA and the USSR was almost curtailed. Later, Edwin Aldrin, the second crew member of the Apollo 11 mission, stated that they then saw aliens on the Moon who did not hide their presence. In order not to show them to the whole world, mission control made artificial interference for two minutes. It seems that this was the reason that space exploration practically ceased.

Today, Russia, the USA and Europe are fighting for the right to become the first country to carry out a manned flight to Mars. The European Exomars Rover is set to head to Mars soon. It is planned that he will take soil samples and draw up a detailed map of the area. Even India launched its Mangalyaan space probe to Mars in November 2013. It is needed to develop technologies for space flights to the Red Planet. China also announced its plans to explore Mars, after the successful launch of the automatic interplanetary station Chang'e-3 to study the Moon. NASA is testing a “flying saucer” designed for a soft landing of a spacecraft in the rarefied atmosphere of the Red Planet.

At the end of July, scientists made a sensational announcement that a unique space engine had been created, thanks to which it would be possible to reach the Moon in just four hours of flight, and to Mars in two and a half months. That is, if you work in this direction, effective space technology will appear quite quickly.

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