this post was submitted on 02 Jul 2025
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Crypto, nft, GameStop are literally without intrinsic worth. Platinum is in limited supply and is essential to existing and developing tech. But, I’m not trying to evangelize. Just saying.
*limited supply on earth
I remember reading this article a few years ago, about an asteroid full of platinum in our solar system (2011 UW158). The article stated that, should we manage to bring the whole asteroid back to earth, given the amount of platinum in it, it would trigger an economic crisis given that platinum would become a "junk" material, in term of supply and demand.
While the outcome is purely theoretical for now - given that asteroid mining / wrangling ain't a thing currently - it really is telling when most people agree that with our current economic system, which really is for the greater good (/s), a surplus of a useful mineral would end up making a lot of people hungry.
Yeah, NFTs can't catalyze anything except stupid people losing their money