this post was submitted on 21 Oct 2023
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[–] [email protected] 23 points 1 year ago (1 children)

Rocks ≠ ore. There are numerous materials (e.g. lithium) for the total known deposits on Earth won't cover more than a few decades' worth of projected demand, and even then, the mining process is an environmental disaster. Asteroid mining is a long-term project that will require huge advances in multiple fields, but it addresses a real need.

[–] [email protected] -3 points 1 year ago* (last edited 1 year ago) (1 children)

known deposits. There's functionally endless amounts of all elements we need on earth. And there is zero need to go mine asteroids at a truely astronomical cost of efficiency.

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

I said mostly the same thing as you in (my own words) elsewhere inside this post. Most people don't want to see this reality.

So, maybe this is a business opportunity : to attract investment and then face investors with hard facts. Of course we write the contract so that, after this, we just keep their stupid money.

Edit : Oops ! I just read your other comment :

you’ll also see (...) investment scams

And so I realize you were thinking along these lines already. (although my statement was much more cynical)