1/3 Gold supply in the universe is basically infinite.
>there should be roughly 100 million Earths worth of gold in our galaxy
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2/3 Cost to mine gold in space might be high today but will decrease over time.
Why does it matter if we store the space gold in space until it's purchased for use in jewelry, electronics, etc?
There will be 2 prices for gold: on-world and off-world (delivery fee/time).
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3/3 If aliens showed up on Earth with gold, would you accept it for payment without knowing how much gold they've extracted, what it costs them to mine it?
You wouldn't because you would have to assume they've got infinite gold and a crash is imminent.
You would accept #BTC
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What if aliens show up with their own bitcoin from a network that gets mined by Dyson Sphere ASICs?
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Aliens could be using bitcoin and we wouldn't even know.
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Exactly this happened in the 16th when Europeans arrived in Africa and realised they could easily counterfeit the aggry beats that were locally used as money. Similarly we would accept alien gold and it would take a long time for it's value to erode
medium.com/@breedlove22/m
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In this scenario you would still accept the gold - this is the premise of Cantillon effect.
If you don’t accept the gold from the aliens and enrich yourself, all your friends would do so first.
The rational individual would accept, to the detriment of collective human wealth
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It'd be worthless on Earth because everyone would be using BTC. They would have to convince us that we need it for purposes of trade with them and then we'd figure out an exchange rate.
If neither side wanted the other's currency, we'd go to barter or labor trade.
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Same analogy as beads to Native American Indians back before the great genocide !
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