Would you change profitable Bitcoin mining business for an asteroid mining? Luxembourg has become the first European state to adopt a law, opening up space mining to private corporations. Well… do not rush!
On October 12th, asteroid of 30 meter in diameter will be on a close flyby (6,000 km) from Earth. This one allegedly carries 100 million tons of Platinum. At $70 a gram, your calculator could explode counting profit! There is just a few little thingies necessary…
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The world is truly turning into a crazy sci-fi movie in such velocity that it is scary lol
My dear @bescouted, it would be a sci-fi movie if there was available technology for asteroid mining. Since there isn't any, it is a pure fraud :)
Hah hah, but i think it is a good practice, to prepare the laws before the technology :) Look what happened when blockchain went ahead of the laws, total mess :)
That I can tell you, since I'm a retired lawyer — laws always lags behind technology. Always. If they try to go before, it's a fraud :)
So are you saying cryptocurrencies and ICO's are fraud too? Not too many laws in place yet as far as i know :))
No, I say that LEGISLATION before the event is a fraud.
Well that is obviously the idea with the huge potential. Although since it has no proper regulations, there is a great risk for a political conflict. People may say that there are plenty of asteroids and there is no reason to fight for them. Well since big money is involved there is always a rush to cash out. Anyway interesting information, thanks!
Remember Murphy? Canada Bill Jones's Motto: It's morally wrong to allow suckers to keep their money.
Well, this is a rush to leave suckers dry :)