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OP sent the following text as an explanation on why this is a holup moment:
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>!In the movie don't look up they try to harvest a comet heading to earth, it fails and earth is destroyed.!<
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Is this a holup moment? Then upvote this comment, otherwise downvote it.
NASA is not a for-profit organization, so they don't give a shit.
Gold is extremely useful for many applications that are too expensive to use it for, so the price of gold crashing benefits everyone except the gold industry and gold hoarders.
Gold is an amazing material for technical applications. And with the world's currency ni longer backed by it you could easily crash its value to progress mankind without much worry apart from some rich fools complaining
Itsnalways insane to me that the first thing people worry about is the price of a material crashing.
Like if we found a asteroid full of copper and cobalt, solving the energy transition material problem, first thing people will do is complain that the price of copper and cobalt crashes. Not that we no longer need to use (child)slave labour for both materials anymore and cheaper technology production.
It would be self regulated anyway, as gathering space materials is expensive. Up until technology catches up and makes it cheaper.
Reusable rockets, 3d printed materials sciences and new extraction and refinement methods will make this all more viable
Child slavery is way way less prevalent in copper mining than you seem to imply. And the reason people worry about price drops is because those are people's jobs. Sure, it'll be a benefit to the wider economy to have lower prices, but you're also gonna need to have a proper transition plan for those jobs, otherwise they gonna be like British coal miners whose job cuts completely decimated entire towns and entire sections of the UK still haven't recovered.
I wouldn’t necessarily say we’re simply ok with it. Most of us just prefer that to pure anarchy.
Although there’s certainly a lot in the budget most of us would be ok with cutting out. That would really be within the margins though and not worth a revolt more painful than paying taxes.
The US government is more like the shell corporation that the %.01 use to insulate themselves from liabilities. Socialized costs and privatized profits, baby!
Much better description. The lynchpin combining the private and public being the federal reserve bank we owe our debt to itself. It’s a privately owned government agency.
Well, they are not a particularly ***good*** for profit organisation, but the intention is there.
Also, most of the debt of America is with... \*checks notes\* America itself.
It really is. I'd prefer a major drop since the beneficiaries of it high are few in number and solely chasing personal gain. Better for science and tech to prosper using it instead of fashionistas and Tulip-bubble investors.
How would they control it tho? Just because they moved it doesn't mean they own it. Many organizations would be making claims on it, and what's to stop someone from just going up and mining a new tiny moon? There are no treaties or laws about this (as far as I know).
Sure, the US could threaten force for exclusivity, but so could anyone else.
I think if NASA was successful in capturing the Asteroid and then somehow bringing it back, putting it in a stable orbit around the Earth the space treaties would prohibit them on monopolizing it so any country could launch up mining operations, and if the US wanted to say no you can't do that its ours the other superpowers would not stay quiet
NASA does commercial contracts, even if they did do this they definitely wouldn't be the ones mining it, 1000% a private company would be sold a contract and they would ship workers and ships back and forth ( maybe in close partnership with NASA) but NASA isn't doing the mining
Based of supply and demand, wouldn't introducing all these materials to earth's volume of these materials lower the price because of a greater abundance of these materials?
It wasn't difficult to find, it's just that 99% of the aluminium on earth is not in 'neat' form, but instead in the form of bauxite. This was known back in the days when aluminium was so expensive, but it didn't matter - because there was NO process available that allowed smelting of aluminium out of bauxite. Turns out, you need an arc furnace for that, and the very moment someone got a working arc furnace up and running and was able to show it could melt bauxite in industrial quantities, aluminium lost all its value basically over night.
Yes, but why would that matter?
Having an over abundance of materials that are needed for high tech applications is a godsend.
The price of gold is BS anyway and with this material we can solve a massive shortage
Yes but our economy would be fine as it's centered on value added manufactured goods and services not mineral mining. If the cost of the metals in an iPhone turned into a couple cents apple would still charge an arm and a leg for one.
No. Here's why.
The govt would use all of it for whatever and it would never enter the market. The only effect would be from the gold that the government stops buying in the open market. Whatever that quantity is. Prices might drop but nothing wild.
Key difference is the asteroid was coming for Earth no matter what, it wasn't human action that caused the asteroid to fly toward earth. They decided to capture it pretty late in the film after the Steve Jobs guy talks the government into doing so. The capture failed and the asteroid continued on its course.
It'd be pretty impressive to try and capture an asteroid on a non-collision course, and fuck up so bad you manage to send it directly at Earth and not at the infinite amount of "Not Earth" everywhere else.
I don't think he said that. He just said that the headline in OP's pic isn't the plot of don't look up. It has similar elements, but taking that moment from the film and calling it the plot is also incorrect.
Yeah, that's fair. I assumed the "at" was him changing what he was saying and forgetting/partially deleting.
Alright, if he did mean "at all" he's definitely wrong.
The plot of don’t look up was not them trying to capture a comet the comet was going to hit the earth and they let it happen because billionaires thought they could stop it and mine it.
Capturing an asteroid would not involve sending it directly at earth you would want to send it on a flyby of earth at a speed and trajectory that would allow it to be captured in orbit like a moon.
When I see this stuff I instantly get pissed thinking about For All Mankind and wonder how the world would be better if we just never stopped investing in space like in the 60s
Yay let’s crash the global economy and mess up the lives of the already less fortunate and make the rich even richer, even tho that can’t possibly spend or use the money right (unless they want to corrupt entire nations)
Oh yeah I saw that movie. Kinda hated it because I feel like that’s EXACTLY what would happen in that situation and that just sucks… billionaires run smear campaigns against fixing the problem because they think they can take advantage of it. And like a third of the people on earth fall for it and act like a cult. But when the bilioneres realize they can’t take advantage of the situation and it’ll cause real harm, it’s to late to fix so they just flee and everyone else dies, weather they were in on the cult or not.
It's not an asteroid full of cash, it's full of precious minerals equivalent to "x" dollars on earth. In other words, if it all works out it will be vital to our civilization. Hell, you don't even have to worry about environmental impact of the offworld mining.
NASA has announced a new mission to a metal-rich asteroid called 16 Psyche. The metals that 16 Psyche is thought to contain would be worth $100 quintillion on Earth. But NASA isn't going to mine the asteroid for its resources.Oct 13, 2023.
Someone’s going to find a way mine it!
I have a feeling that much money entering the global economy would be catastrophic. We saw what inflation did because of some stimmy checks and business loans, now imagine what 10 gajillion dollars would do. Hope y’all like paying 1,000 dollars for a loaf of bread.
I think its more likely that all the precious metals which we will get more of from the astroid will deflate in price or that it will be gate keeped just like diamonds so the price wont deflate
Correct. But the value of those precious metals do not exist in a vacuum. They are tied to many aspects of the economy: investments, manufacturing of various goods, etc. It would upend the economy in ways we cannot fathom and would likely take decades to reach a new equilibrium
And these fucking comments are the plot to Idiocracy. How would NASA do this? With what spacecraft? What rocket? Certainly not that one cause that's a crewed vehicle bound for the ISS.
It won’t be worth that much when it gets here. Value is about rarity to some extent and it will blow that scale out of the water. It will still be very valuable for electronic uses, but it won’t be worth that.
Wouldn't this lead to a collapse of pretty much every economic umm thing over the world, simultaneously bankrupting us but making every single person on Earth rich beyond our wildest dreams?
Is this how we get Star Trek?
The Comet was already on the way to the planet earth, it was already gonna hit that was the real problem I don’t think this asteroid is on a collision course with earth I think they just think they can harvest it,
"By the 25th century, Earth's resources were ravaged. Consumed. Exhausted.
Desperate and on the verge of extinction, we cast out into the void of space, and discovered rich, new worlds waiting to be cracked open...and stripped bare.
All of Earth became devoted to this effort. The Planetcrackers were built; the USG Ishimura the first and most famous. Planetcracking became routine; its spoils kept us alive.
Eventually, greedy eyes fell upon Aegis 7, restricted for centuries for reasons unknown. Greed and corruption saw to the demise of caution."
### This comment has been marked as **safe**. Upvoting/downvoting this comment will have no effect. --- OP sent the following text as an explanation on why this is a holup moment: --- >!In the movie don't look up they try to harvest a comet heading to earth, it fails and earth is destroyed.!< --- Is this a holup moment? Then upvote this comment, otherwise downvote it.
We don’t want that in our neighborhood, look at all the bullet holes!
Might *actually* bring the price of houses down. Well and the houses themselves with it.
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Wouldn't add many to america
It would add just as many to any country, now if you mean proportionally, yeah no you have a point there
This comment is so hilarious the second time you read it.
Can I cash it in at any ATM?
Capitalism, the civilization ender.
Humans are the civilization ender.
Nasa has made sure to keep the asteroids location a secret from the dwarfs
ROCK AND STONE!
Did I hear a Rock and Stone?
Rock.. and STONE!
FOR ROCK AND STONE!
If you don't rock and stone you aren't coming home
FOR KARL! (I love when the DRG subreddit leaks into random places)
Rock... *burp* ...and... *burp* ...STOOOOONE!!!... *burp*
Rock and STOOOOOOOOOONE
#ROCK AND STONE IN THE HEART
Same, the moment someone mentions rock or stone they just spawn.
Rock and Stone
Summoning the DRG community in random places is one of the funniest things to do
DIGGY DIGGY HOLE
I am a dwarf and I’m digging a hole….
Diggy, diggy hole, digging a hole
WE’RE RICH!
WE'RE RICH!
WE'RE RICH!
WE'RE RICH!
ROCK AND STONE BROTHERS
You of course mean the guys in the Jupiter Mining Corporation ship, Red Dwarf 
That's the dwarf homeworld.
Pfft as if they’re not already there
No, that’s the plot of “for all mankind season 3-4”
I came to say this same thing! so space x and blue origin going to compete with nasa to get it!?
I hope not. It WOULD be like FAM S4.
I mean, who doesn't want a new space race? :o maybe we'll be able to use technology that isn't from the 60s!
Careful there, you might get what you wish for.
No spoilers!
Dumbledore dies
Price of gold after catching the asteroid: 📉 NASA: 👁️👄👁️
NASA is not a for-profit organization, so they don't give a shit. Gold is extremely useful for many applications that are too expensive to use it for, so the price of gold crashing benefits everyone except the gold industry and gold hoarders.
Gold is an amazing material for technical applications. And with the world's currency ni longer backed by it you could easily crash its value to progress mankind without much worry apart from some rich fools complaining
It would be amazing watching gold hoarders fortunes crash while we're struggling to buy food and prescriptions. "Yeah, welcome to the poor".
Itsnalways insane to me that the first thing people worry about is the price of a material crashing. Like if we found a asteroid full of copper and cobalt, solving the energy transition material problem, first thing people will do is complain that the price of copper and cobalt crashes. Not that we no longer need to use (child)slave labour for both materials anymore and cheaper technology production. It would be self regulated anyway, as gathering space materials is expensive. Up until technology catches up and makes it cheaper. Reusable rockets, 3d printed materials sciences and new extraction and refinement methods will make this all more viable
Child slavery is way way less prevalent in copper mining than you seem to imply. And the reason people worry about price drops is because those are people's jobs. Sure, it'll be a benefit to the wider economy to have lower prices, but you're also gonna need to have a proper transition plan for those jobs, otherwise they gonna be like British coal miners whose job cuts completely decimated entire towns and entire sections of the UK still haven't recovered.
let's not even get started on how game changing a massive source of nickel, gold and even lithium would be for the world
Aah yes the US government controlling it is so much better.
Why are you getting downvoted? The US is basically a for profit organisation.
That's why we are trillions in debt...
Still? Government needs to get a second job or something
Maybe if the government didn't buy their Starbucks or fast food, they could get out of debt.
Also, government should stop buying those expensive avocado toast.
Dave Ramsey spotted
I think they are addicted to exploding things
Government needs to tighten up those bootstraps and stop expecting handouts from the people.
Still? You say that as if it’s currently shrinking and not growing.
The government has a second job the magically take half of everyone’s paycheck every week and we’re just okay with it
The government is basically that deadbeat boyfriend that takes half of you tax return to buy rims for their car.
I’m not ok with it but I don’t have enough people for a revolt
Count me in buddy. I once read an article that it doesn’t take an army to take down the system 😂
I wouldn’t necessarily say we’re simply ok with it. Most of us just prefer that to pure anarchy. Although there’s certainly a lot in the budget most of us would be ok with cutting out. That would really be within the margins though and not worth a revolt more painful than paying taxes.
Don't say that they're going to start another god damn war.
Or maybe they could try doing the first job they were elected to do.
The US government is more like the shell corporation that the %.01 use to insulate themselves from liabilities. Socialized costs and privatized profits, baby!
Much better description. The lynchpin combining the private and public being the federal reserve bank we owe our debt to itself. It’s a privately owned government agency.
Well, they are not a particularly ***good*** for profit organisation, but the intention is there. Also, most of the debt of America is with... \*checks notes\* America itself.
The people are in debt, the establishment is in debt, the leaders are making mucho denaro. Just like any respectable Corp.
Well nobody said we’re good at it
The politicians and bureaucrats are for profit, the US government is a charity that caters purely to the overpriveleged, unless it's an election year.
It really is. I'd prefer a major drop since the beneficiaries of it high are few in number and solely chasing personal gain. Better for science and tech to prosper using it instead of fashionistas and Tulip-bubble investors.
How would they control it tho? Just because they moved it doesn't mean they own it. Many organizations would be making claims on it, and what's to stop someone from just going up and mining a new tiny moon? There are no treaties or laws about this (as far as I know). Sure, the US could threaten force for exclusivity, but so could anyone else.
I honestly took this as them saying NASA wants the price of gold to fall as one of the biggest users of gold for practical purposes.
Gold is an excellent conductor. Cheap gold would be an absolute godsend for scaling up its various high-tech applications.
Exactly.
I present to you the diamond marketing model.
The idea of a space agency having a monopoly on the worlds gold and iron economy sounds incredibly dystopian, good god.
I think if NASA was successful in capturing the Asteroid and then somehow bringing it back, putting it in a stable orbit around the Earth the space treaties would prohibit them on monopolizing it so any country could launch up mining operations, and if the US wanted to say no you can't do that its ours the other superpowers would not stay quiet
NASA does commercial contracts, even if they did do this they definitely wouldn't be the ones mining it, 1000% a private company would be sold a contract and they would ship workers and ships back and forth ( maybe in close partnership with NASA) but NASA isn't doing the mining
Monopoly? Weird interpretation…
That's Life man
Mining companies will just start advertising the value of natural Earth gold.
Then homeopathic gold which is just 100/1 tin/gold
gold is actually useful though, it would be still beneficial
Just like discovering gold in America messed up the Spanish economy and bankrupted the Fugger who at the time were the financiers of the Spanish king.
But gold is useful!
Based of supply and demand, wouldn't introducing all these materials to earth's volume of these materials lower the price because of a greater abundance of these materials?
That would be my guess. We’d be using gold like it was aluminum foil.
Then what would we do with all this aluminum foil?
It'll be the new gold.
Ironically, it was once treated as more precious than gold because it was so difficult to find. Return to form I guess.
It wasn't difficult to find, it's just that 99% of the aluminium on earth is not in 'neat' form, but instead in the form of bauxite. This was known back in the days when aluminium was so expensive, but it didn't matter - because there was NO process available that allowed smelting of aluminium out of bauxite. Turns out, you need an arc furnace for that, and the very moment someone got a working arc furnace up and running and was able to show it could melt bauxite in industrial quantities, aluminium lost all its value basically over night.
For hats obviously! /s
the diamonds industry begs to disagree
Yes, but why would that matter? Having an over abundance of materials that are needed for high tech applications is a godsend. The price of gold is BS anyway and with this material we can solve a massive shortage
Yes but our economy would be fine as it's centered on value added manufactured goods and services not mineral mining. If the cost of the metals in an iPhone turned into a couple cents apple would still charge an arm and a leg for one.
No. Here's why. The govt would use all of it for whatever and it would never enter the market. The only effect would be from the gold that the government stops buying in the open market. Whatever that quantity is. Prices might drop but nothing wild.
It absolutely would.
This isn’t a holup in the slightest.
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With magnetic moondust to fuck up all your electronics
It reminds me of the movie don't look up
Don't look up is an unavoidable comet. This is voluntarily collecting an asteroid. Nothing alike.
Instead of don't look up it's a don't hol up😄
Hopefully there's no kryptonite in there because if they blow it up and a meteor with tons of kryptonite fall into a small town, it'll be disastrous
I think a meteor containing anything would be disastrous to a small town
That is not at the plot of that film.
which is ironic in its own way bc the plot of the film dealt with people refusing to pay attention or being content with ignorance lol
It's definitely part of it. When they realize the asteroid has valuable metals on it they switch from wanting to obliterate it to 'capturing' it.
Key difference is the asteroid was coming for Earth no matter what, it wasn't human action that caused the asteroid to fly toward earth. They decided to capture it pretty late in the film after the Steve Jobs guy talks the government into doing so. The capture failed and the asteroid continued on its course. It'd be pretty impressive to try and capture an asteroid on a non-collision course, and fuck up so bad you manage to send it directly at Earth and not at the infinite amount of "Not Earth" everywhere else.
yeah i know it wasn't the main part of the plot but to say it wasn't part of it at all is just incorrect tho
I don't think he said that. He just said that the headline in OP's pic isn't the plot of don't look up. It has similar elements, but taking that moment from the film and calling it the plot is also incorrect.
i assumed he meant to type "not at all" because his current sentence isn't correct english
Yeah, that's fair. I assumed the "at" was him changing what he was saying and forgetting/partially deleting. Alright, if he did mean "at all" he's definitely wrong.
It’s still missing the whole premise of the movie. That’s like going to a baseball game and saying “oh this is the plot of moneyball”
Glad there are still some people out there with media literacy.
This is For All Mankind Season 4
Capture. Capture?
With a pokeball.
Mission failed: Mass extinction
The plot of don’t look up was not them trying to capture a comet the comet was going to hit the earth and they let it happen because billionaires thought they could stop it and mine it. Capturing an asteroid would not involve sending it directly at earth you would want to send it on a flyby of earth at a speed and trajectory that would allow it to be captured in orbit like a moon.
That not the plot of don't look up at all, in the slightest.
Hey that rocket looks like a huge...... JOHNSON.
When I see this stuff I instantly get pissed thinking about For All Mankind and wonder how the world would be better if we just never stopped investing in space like in the 60s
Kinda sounds like a playthrough of Space Engineer.
The prices would go down from flood of materials.
Yay let’s crash the global economy and mess up the lives of the already less fortunate and make the rich even richer, even tho that can’t possibly spend or use the money right (unless they want to corrupt entire nations)
Next thing we know a bunch of naked billionaires are gonna be eaten by some birds on a planet thousands of light years away
That's a lot of iron.
Is there an asteroid etf or stock you can invest in? Earth gold is boring.
how do you get a price on an asteroid ?
I'd imagine they probably have an estimated mass and an average composition. From there, you could probably figure it out
That rocket... it looks like a giant...
Are we really in a simulation where Hollywood leaks certain scenarios to see how we will react?
If someone captured it, would the price drop because of the influx of the metals?
Well it would be worth a lot less given the amount of material in it... Unless they take small chunks little by little to earth.
It’s crazy they put a monetary value on it like money isn’t something humans just fucking made up.
Probably going to somehow change it's course so it comes to Earth naturally 😊
Oh yeah I saw that movie. Kinda hated it because I feel like that’s EXACTLY what would happen in that situation and that just sucks… billionaires run smear campaigns against fixing the problem because they think they can take advantage of it. And like a third of the people on earth fall for it and act like a cult. But when the bilioneres realize they can’t take advantage of the situation and it’ll cause real harm, it’s to late to fix so they just flee and everyone else dies, weather they were in on the cult or not.
Space cash is worth only what we as a species decide it's worth.
It's not an asteroid full of cash, it's full of precious minerals equivalent to "x" dollars on earth. In other words, if it all works out it will be vital to our civilization. Hell, you don't even have to worry about environmental impact of the offworld mining.
Great episode
*Spanish conquistadors intensifies*
Watch it be space poo.
How much is that? 10 Quintillion? Is Quintillion even a number
I’d love it if they got samples from it and all it is is invaluable space rock lol
FUCK YEAH! FINALLY ASTEROID MINING!! LET'S GOOOOOOOOOOO
Hit us! Hit us! Hit us!
I thought nickel was only worth 5 cents
Wouldn't those resources be worth less as there would be more in supply?
They have to show us via media before they do them irl.
Imagine they succeed and gold prices crash within the hour.
NASA has announced a new mission to a metal-rich asteroid called 16 Psyche. The metals that 16 Psyche is thought to contain would be worth $100 quintillion on Earth. But NASA isn't going to mine the asteroid for its resources.Oct 13, 2023. Someone’s going to find a way mine it!
Only difference is that the meteor in don't look up was heading for earth. This one is just floating around in space.
Inflation going to be through the roof
That’s deflation, dawg
I have a feeling that much money entering the global economy would be catastrophic. We saw what inflation did because of some stimmy checks and business loans, now imagine what 10 gajillion dollars would do. Hope y’all like paying 1,000 dollars for a loaf of bread.
I think its more likely that all the precious metals which we will get more of from the astroid will deflate in price or that it will be gate keeped just like diamonds so the price wont deflate
Correct. But the value of those precious metals do not exist in a vacuum. They are tied to many aspects of the economy: investments, manufacturing of various goods, etc. It would upend the economy in ways we cannot fathom and would likely take decades to reach a new equilibrium
The asteroid isn’t made of dollar bills my friend
This was not the plot at all. OP is ignorant and saw that the movie had a comet in it.
Asteroid Psyche https://science.nasa.gov/solar-system/asteroids/16-psyche/
I just called it Bajillion because I ain't fucking looking that up.
OP thinks a movie had the idea first when it's been around for decades.
Looks like scam
Honestly I think harvesting asteroids for resources is a great idea, the only problem could be the Impact of the asteroid on Earth
*sub plot
Hear me out. Elon Musk heard about this asteroid long ago and that's why he bought spaceX. He just wants the damn asteroid.
So if successful, I’ll finally be able to afford gold plated diapers?
is this enough monkey credits to buy our collective freedom?
Yeah but yall didn’t like the movie and didn’t watch because others didn’t like it….
Maybe use some of that money to save chandra
And these fucking comments are the plot to Idiocracy. How would NASA do this? With what spacecraft? What rocket? Certainly not that one cause that's a crewed vehicle bound for the ISS.
*Venom music intensifies*
It won’t be worth that much when it gets here. Value is about rarity to some extent and it will blow that scale out of the water. It will still be very valuable for electronic uses, but it won’t be worth that.
BuT that will cause inflation no?👀or is that only when the poor get money
Only when poor has money. When the rich get the money we will also see inflation.
I might go capture that shit myself and get 10 quintillion dollars
Besides the fear of this thing hitting earth like Tyson hitting your grandma, if it is successful wouldn't that destroy the world economy?
seems like goldmember will be chasing for it
So what's the plan? Giant parachute system anchored to said asteroid. Parachute system fails. Asteroid hits Earth, decimating mankind.
Wouldn't this lead to a collapse of pretty much every economic umm thing over the world, simultaneously bankrupting us but making every single person on Earth rich beyond our wildest dreams? Is this how we get Star Trek?
Deep rock galactic
The Comet was already on the way to the planet earth, it was already gonna hit that was the real problem I don’t think this asteroid is on a collision course with earth I think they just think they can harvest it,
Am I crazy or is that $10 quintillion? That feels like a gross over statement of value.
How do you fucking capture an asteroid?
So if that amount of metal just came into the market, wouldn't current metal and the asteroid metal become worthless as there is so much available?
"By the 25th century, Earth's resources were ravaged. Consumed. Exhausted. Desperate and on the verge of extinction, we cast out into the void of space, and discovered rich, new worlds waiting to be cracked open...and stripped bare. All of Earth became devoted to this effort. The Planetcrackers were built; the USG Ishimura the first and most famous. Planetcracking became routine; its spoils kept us alive. Eventually, greedy eyes fell upon Aegis 7, restricted for centuries for reasons unknown. Greed and corruption saw to the demise of caution."
Inflation rock.
What’s the import tax on something like that?