Bitcoin - interplanetary currency?

[Possum577]

Since Bitcoin is the "currency of the internet" and the internet can be accessed with a satellite, could Bitcoin become the first interplanetary currency (in the Solar System, at least)?

If we had people living on the moon, you could send them funds instantly regardless of their country of origin, account status, etc.

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[RealBitcoin]

Since Bitcoin is the "currency of the internet" and the internet can be accessed with a satellite, could Bitcoin become the first interplanetary currency (in the Solar System, at least)?

If we had people living on the moon, you could send them funds instantly regardless of their country of origin, account status, etc.

It could be done. I mean through radio waves you can transmit/broadcast the blocks where necessary.

If you put earth the center of the hub, then its very possible. However mining from Mars is not very likely since if the hub is on Earth, the chance of finding a block, on Mars is impossible since by the time you transmit the info back to Earth, you will have a disadvantage because of the distance and time it takes for Lightspeed to arrive to Earth.

[tiggytomb]

This is another reason why Bitcoin is so great, can't imagine sending people on the moon any money via Natwest or Halifax, imagine the fee they would charge!:)

[RealBitcoin]

This is another reason why Bitcoin is so great, can't imagine sending people on the moon any money via Natwest or Halifax, imagine the fee they would charge!:)

They would make you capture an asteroid that is full of diamonds and gold, and bring it to them. That would be the minimal fee, and even then it would take 10 days to process, because of KYC requirements, to make sure you are not an alien and try to launder drug money for some martian gangsters.

We all know they grow opium in the deserts of Mars, so we must be careful not to fund their operations...

[notbatman]

the earth is flat, the moon is a hologram and space travel is a NASA hoax.

so no.

edit:

oh, and the little grey "space" aliens are made from all the missing children you see on the back of milk cartons in secret underground labs.

[Pro_Crypto_Marty]

Seems like the inevitable lag in confirming a transaction into the blockchain would be impractical. Unless you have a separate blockchain for the colony/spacestation? I don't know. I'd be interested in reading a science fiction story tackling the idea.

[WhatTheGox]

Since Bitcoin is the "currency of the internet" and the internet can be accessed with a satellite, could Bitcoin become the first interplanetary currency (in the Solar System, at least)?

If we had people living on the moon, you could send them funds instantly regardless of their country of origin, account status, etc.

Last night i saw what appeared to be a UFO, no kidding.  Was high cloud level and moving faster than a plane, also it didnt fade like a shooting star and moved for ages.  It also moved slightly side to side.   Then today i read this:

https://uk.news.yahoo.com/nasa-camera-spots-ufo-hovering-near-space-station-080132538.html#xRTGSil

I do wonder if aliens will accept bitcoin, maybe they already have bitcoin which ended miner rewards years ago.

[Panzzer]

I think there is a delay of 12 minutes at least if you are using internet from Mars. I think it is possible but bitcoin is not yet design to do that.