Mining on earth (metals) is already controlled by governments. If you want to take over the bitcoin network it would be very expensive.
Gold on the other hand will have its value wiped out with one not so large rock moved into orbit around the earth. The age of metals being a store of value is almost over.
Another scumbag Dyask post full of bullshit lies as usual. Bitcoin devs themselves in the past from Gmaxwell to The Gavinator all seemed to make believe that it was inevitable ASICs would undergo commodification and hinted that Bitcoin would be completely pointless and valueless if they did not. And this is the god damn developers, not fucktard pump and dump scammers like you. Newsflash: they never did and there is absolutely no reason for them to ever. Even Luke Jr refers to ASICs as the equivalent of a pyramid scheme where you buy one and then the ASIC maker uses that money to build ten for himself.
The entire purpose of Bitcoin mining is to attempt to make it an open entropy system. If the door fee to even get into the game is having millions/billions of dollars to design chips and build a state of the art foundry, then Bitcoin mining doesn't even serve a purpose because it's essentially a closed entropy system again run by four companies: TSMC, Global Foundries, Samsung, and Intel. As for metals mining, yes, large companies can use economy of scale or concentration of massive capital to exert advantages over the common man, but Bitcoin mining is a ubiquitous, winner take all pool where a monoply takes everything and metals are not.
If Barrick spends billions on creating state of the machines to mine gold that no other humans or civilizations on the planet can compete with, does that mean they get all the gold in the world? No. They do not get to magically tunnel under your house to steal your minerals. You can get down there with a shovel and get them yourself if you want to, but you can't feasibly mine Bitcon by hand. They would get to leverage their monopoly to steal all the Bitcoins in the world, though; because like I said, Bitcoin is omnipresent and ubiquitous - it's designed to faciliate corporate monpoly while metals are not. As for your jackass claims about "metals having no value because you can find them in space durrr", I already shut you down and made you look like an idiot multiple times with these claims because the cost of production is laughable and not even feasible in the first place.
Wow you really have a serious comprehension issue. Again gold is doomed as a source of value because there is so much of it available. Scarcity of gold is only because of the limits on technologies. The technology is developing and greed will insured that it is used until there is minimal value left in getting more gold. Gold is doomed.
Cyptrocurrency has plenty of risks and it may not have that long of a future, but the Pandora's box has been opened and at least it has a brighter future than something like soon to be a common metal.
