Asteroid Named Psyche 16 Is Made Of Enough Gold To Make Everyone On Earth A Billionaire

[war&peace]

Just think of how rich everybody on the planet would be if they could play basketball like Michael Jordon.

No, they wouldn't be special..just "average".

If everyone becomes billionaire then in fact all will be same.. so real change will be none

 

[Pakhtoon yum]

It won't, itll just drop the price of gold and then everyone would be poor again.

 

[Nilgiri]

Which is why classic Capitalism has no future.

Kim Stanely Robinson's superb Mars trilogy books depict Mars settlement with a new economic system.

@Levina @RealNapster @Hamartia Antidote @KapitaanAli @denel @Soumitra @Nilgiri

Soumitra, I know you are waiting for me to write on the Capitalism / Socialism difference for the current world. I will write about that.

Edit : Read this further post of mine.

You understanding on this is deeply flawed and always will remain so.

Understand this, socialism/communism simply gets tortured and bludgeoned to death by reality in the end....very much like your Gaddafi god did in that pipe they dragged him out from....begging and crying for his miserable piece of shit life.

It is against human morality, nature and goodness....to steal by authoritarianism ( inevitably corrupt govt authority/dictatorship) and "redistribute" to make things "free" by that same authoritarianism.

Stop quoting China too, they are statist-capitalist (of the mercantile strain) for all intents and purposes now. Communism died with Mao there....its just referred to in a legacy idealistic way. They deeply understand its a complete abject failure on the ground.

 

[Yaseen1]

Gold will not remain as gold when it will become abundant

 

[jamahir]

The technology that asteronauts and satelites use to change directions or give a push will help in draging the asteroids towards mars surface. Mine the asteroid there and ship back the refined elements to earth.

I agree with the last sentence but one thing though. The technology that astronauts and satellites use to change direction or give a little push uses cold gas thrusters, which are not powerful enough to brake an asteroid for a precise landing on Mars. And I believe that even with something powerful like a rocket engine attached to the asteroid, the landing will not be soft enough to not effect the ground on Mars.

Best is mining an asteroid in the Asteroid Belt itself or mine a Near Earth Object ( NEO ) asteroid in its own path and send the refined elements to Earth.

But I wonder if a big enough asteroid can be sent on a collision course with one of the two poles of Mars so as to release the iced water into liquid form into the atmosphere, so that some measure of terraforming can be done.

sir i think exploitation is still there

How do you mean ??

What you describing is a welfare based capitalist system with a socialist undertone (in terms of deciding who gets what) than a proper socialist system. In a proper socialist system everyone will get equal share in the pie irrespective of work.

1. I think you are right. The economic label can be anything. As long as something works why complain. As the Chinese leader Deng Xiaoping said "It doesn't matter what the cat's color is, as long as it catches the mice". So, the economic arrangement of the society can be how you said it - "welfare based capitalist system with a socialist undertone". @Nilgiri, the previous and also that I and two or three people were working on an economic system in 2012 that resembled China's "Social Credits" system.

2. The political arrangement of the society should be like how Libya had before 2011 - Direct Democracy. Read this post of mine for explanation of the Jamahiriya Direct Democracy system. It is similar to the "Swaraj" concept that the AAP movement and Swaraj Abhiyan movement in India.

3. The social arrangement of the society should be progressive, scientific, abolishing all regressive and out-of-date ideas however long in history they had found support.​

So now we have addressed the three elements of a society - Economic, Political and Social.

1 How does the govt pay for all free stuff

in the present context, every country has something to offer. For example, Bangladesh has textile industry.

2 What is the motivation for anyone to work hard in that system

There's no point working someone to exploitative collapse.

We have to work smart and not just work hard. In many industries in the near future, there will be automation to help. I speak of things like 3D Printing in house construction and cooking food.

Please read my reply to @Protest_again above.

It is against human morality, nature and goodness....to steal by authoritarianism ( inevitably corrupt govt authority/dictatorship) and "redistribute" to make things "free" by that same authoritarianism.

So is it in human morality, nature and goodness to continue to allow farmers and students to commit suicide like what has been happening in India for so long ??

What went wrong here ??

 

[Maxpane]

How do you mean ??

sir a single group can create its monopoly over other just to exploit others. thats just my point of view

 

[jamahir]

sir a single group can create its monopoly over other just to exploit others. thats just my point of view

I agree and that is why I have stated earlier that any such asteroid mining operations should be done under the supervision of the United Nations Organisation.

There is already an UNO committee for space exploration called UNOOSA ( United Nations Office for Outer Space Affairs ).

 

[Maxpane]

I agree and that is why I have stated earlier that any such asteroid mining operations should be done under the supervision of the United Nations Organisation.

There is already an UNO committee for space exploration called UNOOSA ( United Nations Office for Outer Space Affairs ).

sir i dnt think UN is free from the influence of powerful nation. if they get a chance they wont care about any thing just like oil.

 

[Reddington]

Check out this thread as well.

How To Become The World's First Trillionaire
https://defence.pk/pdf/threads/how-to-become-the-worlds-first-trillionaire.626053/

 

[Globenim]

That planet called "earth" is made of enough iron to make everyone on earth a multibillionaire and I heard its much closer.

Pop science clickbait hurray...

 

[RealNapster]

I agree with the last sentence but one thing though. The technology that astronauts and satellites use to change direction or give a little push uses cold gas thrusters, which are not powerful enough to brake an asteroid for a precise landing on Mars. And I believe that even with something powerful like a rocket engine attached to the asteroid, the landing will not be soft enough to not effect the ground on Mars.

Best is mining an asteroid in the Asteroid Belt itself or mine a Near Earth Orbit ( NEO ) asteroid in its own path and send the refined elements to Earth.

But I wonder if a big enough asteroid can be sent on a collision course with one of the two poles of Mars so as to release the iced water into liquid form into the atmosphere, so that some measure of terraforming can be done

I know the risk of collision that’s why my little brain decided to not risk the moon and land it/collide it with mars surface, some 100 km away from settlement.

About the terraforming, how do you know it wont turn out to be a next moon ? Which lost all of its water due to several reasons. I dont know about the atmosphere of mars, is it thick ? If not, how is it going to retain the water in its atmosphere after the collision ? What if with the extreme temperatures, there remain no water at all , just oxygen and hydrogen ?? Wish i studied those science classes seriously.

 

[B.K.N]

That's economically impossible.

Gold will lose it's value increase in supply means fall in prices

In a proper Socialist society, basic services like education, transport and medical care should be free.

In Pakistan education and health care is free and transport for students is free since Bhutto's days so it means Pakistan is a socialist country

 

[Sabretooth]

Asteroids made up of precious metals won't change the socio-economic conditions of the planet. On the other hand if an asteroid contains some sort of ultimate superconductor compound that could conduct heat and electricity at both extremely high and low temperature with zero resistance or if the asteroid is made of energy source say Uranium or plutonium, then that could in theory, bring significant change to the world economy. We need more energy to drive the industrial engine and advance in technologies to bring more efficiency to every sector.

 

[Nilgiri]

So is it in human morality, nature and goodness to continue to allow farmers and students to commit suicide like what has been happening in India for so long ??

What went wrong here ??

It is better addressed by society inherent free will....not some corrupt power hungry govt/dictator.

Farmer suicide rate is in line with overall suicide rate in India.

If there was any huge distress at any scale/intensity that was projected by socialist-run media.......you would not have seen the recent election turn out the way it did.

China's "Social Credits" system.

More way for elite govt to intrude into common people's personal business.

A big no.

 

[jamahir]

sir i dnt think UN is free from the influence of powerful nation. if they get a chance they wont care about any thing just like oil.

Yes bhai, I agree.

So if the UNO cannot / will not allow independence from the conspiracies of the NATO / West, there is the SCO ( Shanghai Cooperation Organisation ) that was started by Russia, China and the Central Asian countries. I think we in the poorer countries can trust the SCO. India and Pakistan are members of the SCO.

I know the risk of collision that’s why my little brain decided to not risk the moon and land it/collide it with mars surface, some 100 km away from settlement.

But how are you going to slow it down ??

Let us remember the Chelyabinsk asteroid that passed through the skies of Russia in 2013 and crashed into a lake. Even though it didn't crash onto the ground its mere passing in the sky caused thousands of building damages and hundreds of injuries because of glass shattering and so on.

About the terraforming, how do you know it wont turn out to be a next moon ? Which lost all of its water due to several reasons. I dont know about the atmosphere of mars, is it thick ? If not, how is it going to retain the water in its atmosphere after the collision ? What if with the extreme temperatures, there remain no water at all , just oxygen and hydrogen ?? Wish i studied those science classes seriously.

You are correct. The atmosphere of Mars is thin and mainly composed of Carbon Dioxide. And Wikipedia says that "the atmosphere of Mars has been losing mass to space throughout history, and the leakage of gases still continues today". And maybe you are right in saying that extreme temperatures from the collision will turn liquid water into molecular oxygen and hydrogen that may possibly escape into space, and also that Mars will turn into a atmosphere-less moon.

So maybe we can use other methods like a big lens or mirror that can shine on one the two poles and slowly release the O and the H.

It is better addressed by society inherent free will....not some corrupt power hungry govt/dictator.

I myself am against dictatorship, single party rule, multiparty system, dictatorship of the majority.

I am for Direct Democracy.

Farmer suicide rate is in line with overall suicide rate in India.

That's a cruel way of dismissing the phenomenon of mass suicides.

If there was any huge distress at any scale/intensity that was projected by socialist-run media.......you would not have seen the recent election turn out the way it did.

The masses in any society may make wrong decisions. It is up to progressives to show the right path.

Indian culture generally is quite individualistic and many people don't tend to bother about the troubles of others. For example, until a few days ago there was no employee union in the Indian IT / ITES industry and only recently did some people in Calcutta start a union in the IT / ITES industry there. I myself almost created an employee union in 2014 in a ITES company. I say almost because I resigned. A mistake.