How To Become A Quadrillionaire | Answers With Joe
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Published 2020-03-09
Our asteroid belt holds minerals and precious metals worth trillions, even quadrillions of dollars. So could asteroid mining create the first trillionaire? Or is the hype overblown?
There are millions of asteroids in the asteroid belt (and perhaps just as many trojan asteroids in Jupiter's orbit), and some of them potentially contain precious metals worth more than all the money in the world. One single asteroid, 16 Psyche, is worth quintillions of dollars. But somehow early pioneers in asteroid mining like Planetary Resources and Deep Space Industries have struggled and gone under. How, in this new space race, with the prices of launching to space falling every year, has asteroid mining not become a thing? The answer, and the reality about asteroid mining, is more complex than we think.
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LINKS LINKS LINKS:
www.businessinsider.com/rise-and-fall-of-united-ea…
geology.com/articles/rare-earth-elements/
solarsystem.nasa.gov/asteroids-comets-and-meteors/…
www.nasa.gov/feature/jpl/catalog-of-known-near-ear…
www.asterank.com/
www.barrons.com/articles/asteroid-16-psyche-really…
NBC Video: • Why NASA Wants To Mine An Asteroid Fu...
www.universetoday.com/142836/hayabusa-2-is-the-fir…
www.technologyreview.com/s/613758/asteroid-mining-…
PBS Space Time: • How Asteroid Mining Will Save Earth
All Comments (21)
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How to become a quadrillionaire: Step 1: Be a billionaire
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0:55 "I've got four words for you: The Dutch East India Company" Four words, indeed
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Unfortunately step one is: become a billionaire.
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Q) How To Become A Quadrillionaire: A) Wait for your fiat currency to collapse. Or just buy some Zimbabwean trillion dollar notes if you are in a hurry.
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Honestly thought the title of this was How to Become a Quesadilla.
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All we need is a small triangle shaped space ship that makes little pew pew noises.
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"Basically made out of lil' Jon's teeth," is the best analogy I've heard all day.
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"Japan beat the US to shooting an asteroid." is officially the new best quote of 2020.
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The value of diamonds is inflated by the companies (ie: De Beers) hoarding diamonds to keep the available supply low and thus the price high.
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My father have this syllogism: - Rare things are expensive. - Cheap horses are rare. - So cheap horses are expensive. Ironically, that’s how markets works sometimes!!
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As I just rewatched all four seasons of “The Expanse” this was very timely. And informative. And, as a quadrillionaire, I can finally afford to buy pistachios at Whole Foods.
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Teacher: Today we're gonna learn about Ceres. Siri: 👀
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The Expanse is largely about asteroid mining culture. The book “Delta V” is actually about asteroid mining Specifically of Ryugu. Not only mining, but processing the ore into pure metals and gases and constructing ships on site to ferry the products back to Earth orbit. Maybe the best hard science book I’ve read since the days of Asimov and Clarke.
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I don't care if I clean toilets but I want to work for an Asteroid mining startup
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Why not mine dead satellites? Gotta be millions of dollars floating around nearby and it would clean up near earth orbit.
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“A lot more money is made in the rush than the gold” Hmm
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Joe: Words I can't say "... Siri ..." Jo later: "Ceres" :)
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Start with a quintillion and make some bad decisions 🤑
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8:17 So that's how you knock off the crispy chocolately outer shell to get to the gooey creamy caramel nougat center.
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Longer videos like this are great. I can't get enough of this channel! Thanks Joe!
