[2015-03-17] CD: Bitcoin Nanosatellites Could Orbit Earth in 2016

[LiteCoinGuy]

Bitcoin Nanosatellites Could Orbit Earth in 2016

An ambitious plan to launch bitcoin-enabled microsatellites has taken a step forward with a new business deal.

Dunvegan Space Systems, a startup led by bitcoin core developer Jeff Garzik has signed a manufacturing contract with Deep Space Industries (DSI) that will find it constructing 24 nanosatellites for its proposed BitSat program.

http://www.coindesk.com/bitcoin-nanosatellites-orbit-earth-2016/

[Chef Ramsay]

Sounds interesting and all but nothing I've read about this blows me away in any form, yet. I'm sure the benefits will manifest themselves at some point.

[Bit_Happy]

Garzik told CoinDesk the launch phase of the project will begin sometime after the first quarter of next year, noting that ultimately, the goal is to create resources capable of propagating the blockchain in a self-sufficient manner.

He explained:

    "When the satellite is capable of fully processing the blockchain, it does not need to trust a ground station to send it authentic data. The satellite itself is capable of making that evaluation, that decision on its own."


Skynet!
For real....?