[2015-03-13] Wsj: BitBeat: Bitcoin Coder Garzik Signs Deal to Deploy ‘BitSats’

[LiteCoinGuy]

BitBeat: Bitcoin Coder Garzik Signs Deal to Deploy ‘BitSats’ In Space

Bitcoin core developer Jeff Garzik’s bold plan to put mini satellites into orbit to provide secure, remote backup for the digital currency’s growing store of critical data has taken a step close to becoming a reality.

http://blogs.wsj.com/moneybeat/2015/03/12/bitbeat-bitcoin-coder-garzik-signs-deal-to-deploy-bitsats-in-space/

[TraderTimm]

Congrats to Jeff, this is an important step in ensuring the decentralized nature of Bitcoin. I'm glad he sees the true threat, where the internet can be co-opted and throttled, but at least in orbit its a bit harder to restrict the transmission of the blockchain. I feel this will serve as "insurance" against any terrestrial disaster, either man-made or natural.

Really glad that he's working on this, and I can't wait to pick up the first satellite 'ping' once they manage to launch them.

[Armis]

This feels like  the dot.com days all over again, where all you needed to do was put .com at the end of something and it attracts loads of money that is never seen again.   

This apparently the case for 'bit' now.  I'm seeing venture after venture popping up some with no development, some with a few drops of development but all requiring loads of investment.   Is it now wrong to complete a job before asking for investment?

[unamis76]

Never heard about this before... It's actually quite a good idea

I've heard other people talk about rigs in space, just for laughs... Looks like it really isn't feasible But the blockchain up there... Amazing

[LiteCoinGuy]

This feels like  the dot.com days all over again, where all you needed to do was put .com at the end of something and it attracts loads of money that is never seen again.   

This apparently the case for 'bit' now.  I'm seeing venture after venture popping up some with no development, some with a few drops of development but all requiring loads of investment.   Is it now wrong to complete a job before asking for investment?

"the dot.com days of 1994" maybe (early game) 

[TraderTimm]

This feels like  the dot.com days all over again, where all you needed to do was put .com at the end of something and it attracts loads of money that is never seen again.   

This apparently the case for 'bit' now.  I'm seeing venture after venture popping up some with no development, some with a few drops of development but all requiring loads of investment.   Is it now wrong to complete a job before asking for investment?

It takes a lot of money to put things into space.

What are you suggesting, that Jeff build his own homebrew launching system and get one up there before asking for money? Are you really that obtuse?