The speed isn't the challenge. The energy expended per ounce extracted is the challenge.
That's why a golden asteroid is the only way to tank gold.
Another challenge is the rising industrial use of gold in a form that isn't recoverable. The global data centers have already eaten 841.5 million ounces.
Asteroid gold? Sounds like fiat thinking applied to space. Scarcity matters.
Yeah, but that’s rephrasing what I said and focusing on an input. The energy consumed is one of many inputs that make it profitable to mine it at the current rate (2%). This is similar to how processors are fast as they are right now: that’s how fast they can get them while keeping them cool and energy efficient where people would pay for them.
Either way, whatever you want to focus on the result and implication is the same. Gold is not only not a finite asset but its mining isn’t even as predictable as Bitcoin’s.
