Not crypto. Silver. Buy silver for two reasons. 1) it is highly manipulated to be far far less than its real value. 2) this is the biggest short squeeze on the planet and it is going to collapse the financial system if we can just empty out the vaults and force price discovery. So if you are fighting the system... you buy silver.
This may happen at some point in the future, but would likely take a while to matter. Right now the costs would be way too high in comparison to the value of the mined goods.
When that happens there will be an inflationary period, then prices will adjust. This is how supply/demand works. It is how it has always worked. The same thing happens in reverse as technology absorbs the silver. When it becomes cheaper because there is more of it, electronic tech booms because silver is cheap, some is taken out of the barter space, and deflation happens.
There is nothing wrong with inflation and deflation. The problems come from:
Controlling inflation and deflation, or in the case of our system, requiring inflation to stay afloat.
Relying completely on one asset for all exchanges. This is why a real system of barter is essential.
If we were to:
create a crypto for each stock type, and several PMs (not just silver), and anything else which is divisible, and storable, i.e. could reasonably be made into an asset backed crypto,
created markets for easy exchange of them in barter,
created infrastructure to be able to exchange our various real assets between their crypto and in hand form (or just take over banks and use them for that purpose, since I think bank buildings are going to be real cheap real soon),
then an influx of one resource and its change in supply/demand would be irrelevant to the strength of the market; all of it backed by real assets. No faith based currencies are necessary nor desirable.
Not crypto. Silver. Buy silver for two reasons. 1) it is highly manipulated to be far far less than its real value. 2) this is the biggest short squeeze on the planet and it is going to collapse the financial system if we can just empty out the vaults and force price discovery. So if you are fighting the system... you buy silver.
What happens when we mine asteroids and other planets for precious metals? Kek
This may happen at some point in the future, but would likely take a while to matter. Right now the costs would be way too high in comparison to the value of the mined goods.
I put a 'kek'.. so it was a joke :)
When that happens there will be an inflationary period, then prices will adjust. This is how supply/demand works. It is how it has always worked. The same thing happens in reverse as technology absorbs the silver. When it becomes cheaper because there is more of it, electronic tech booms because silver is cheap, some is taken out of the barter space, and deflation happens.
There is nothing wrong with inflation and deflation. The problems come from:
If we were to:
then an influx of one resource and its change in supply/demand would be irrelevant to the strength of the market; all of it backed by real assets. No faith based currencies are necessary nor desirable.
Silver is much more abundant here than in asteroids so it would not make sense