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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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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We may not see efficient asteroid mining in our lifetimes but as soon as it becomes evident that it will happen and that the tech to do it efficiently can be improved over time, the future supply will be priced in, eliminating the store of value function.
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We could find that but if we are at the point of interplanetary trade, I would expect extraction tech to be substantially evolved and the supply to be much greater. However, it's possible that the population of gold hodlers and supply needs for txt flow outpaces all this.
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