Comment on Startup Claims Its Fusion Reactor Concept Can Turn Cheap Mercury Into Gold
ch00f@lemmy.world 1 day agoThis is like a reverse Goldfinger plan. Could have an interesting impact on the gold market if it can be done at scale.
I’m sure most gold mining operations take at least a few years to get permitted and started and then there’s risk that you won’t find as much gold as expected.
Compared to a lump of gold that all you have to do is not lose it and it will appreciate in value all on its own.
Could have an interesting impact on the gold market if it can be done at scale.
Before figuring that out, they just need to develop a functioning fusion reactor. And since fusion energy is, as it has always been, a mere ten years off, it’s probable that such reactors will take longer to be developed than it will take that radioactive gold to be safe to handle.
Well getting more energy out of a fusion reactor than you put in is the really hard part, if you’re just doing it to make gold I imagine it’s easier
maybe you could use an h-bomb to do it, those have been around since 1951
Well that’d be fusing hydrogen, so an Au-bomb maybe
“All you have to do is find it.”
The value of gold is not just in its properties, luster, purity, etc., but also in the effort it takes to find or mine it. So, sure. Trip over a nugget and you’re…golden.
The same concept can be loosely applied to the abstraction of crypto currency. It takes energy and computational effort to acquire if you don’t just buy it.
frezik@lemmy.blahaj.zone 5 hours ago
In Neal Stephenson’s Baroque Cycle, there’s an alchemist priest who is really interested in trying to make infinite gold. Not because he wants to get rich, but because he wants to collapse the market and eat the rich.
It’s been a long time since I read it, but I seem to remember that he’s not as much of a hero as the above makes it sound. Though that series is pretty pro-early stage capitalism, so take that as you will.