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Author Topic: Using Bitcoin in Space - Bitcoin and the Interplanetary Frontier  (Read 309 times)
GregH37
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October 08, 2018, 11:05:41 AM
 #21

I mean if there is no money or currency outside of the earth than why not use bitcoin when you go to mars and colonize it, that way you will make sure you are not using the currency that countries use and find something in between. Bitcoin does not belong to any country and it can be used by "martian" people who will go there and live, that way it can further the economy of those colonies in other planets.

However we need to make sure it is not this much volatile when that happens, we wouldn't want the first people who live outside of earth to face with insane volatility and inflation constantly when they also have other living troubles.
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Clark (OP)
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October 08, 2018, 01:59:23 PM
 #22

I mean if there is no money or currency outside of the earth than why not use bitcoin when you go to mars and colonize it, that way you will make sure you are not using the currency that countries use and find something in between. Bitcoin does not belong to any country and it can be used by "martian" people who will go there and live, that way it can further the economy of those colonies in other planets.

However we need to make sure it is not this much volatile when that happens, we wouldn't want the first people who live outside of earth to face with insane volatility and inflation constantly when they also have other living troubles.

If they're using Bitcoin natively, then by definition the only volatility will be in traded goods. The value of Bitcoin will be stable when local prices are denominated in Bitcoin.

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October 19, 2018, 12:39:19 PM
 #23

With this price balance of bitcoin is already just a benefit to business in space. How much sense does it take to buy al-sat in space? nonsensical
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November 07, 2018, 06:59:48 AM
 #24

Well, for crypto currency to be used on the moon then people should be on the moon to use it and resources to use it for. All these are way too early to be in the talks. Besides, we still haven't even begun to colonize the space frontier. I just hope we do better in the next planet than the planet we live on today.

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November 09, 2018, 12:13:48 PM
 #25

I mean if there is no money or currency outside of the earth than why not use bitcoin when you go to mars and colonize it, that way you will make sure you are not using the currency that countries use and find something in between. Bitcoin does not belong to any country and it can be used by "martian" people who will go there and live, that way it can further the economy of those colonies in other planets.

However we need to make sure it is not this much volatile when that happens, we wouldn't want the first people who live outside of earth to face with insane volatility and inflation constantly when they also have other living troubles.
I think there is still a lot of way to go for going out to the space for now. The shortest timeline is still 10+
years away from building anything anywhere which means there is still a lot of time for crypto to get bigger in this world before we decide to branch out to any other world. First we have to deal with the problems at hand and than focus on space.

Right now even the SEC is not seeing bitcoin is acceptable but hopefully they are working towards a solution or a response and how to make ETF get accepted, the thing you need to know about that is if they reject it they tell you why and how you can fix it so you go back and do what they say and comeback with higher chance of acceptance. Lets deal with that type of small stuff first, we can move to space step by step from each obstacle we have.
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November 09, 2018, 01:01:28 PM
 #26

I think this is a good idea. But honestly how can we be able to get to live in the moon. What else would we be doing in their with our bitcoin. Some ideas are really that easy to put into practice through imagination but as to the reality it wouldn't be that easy. Maybe we should wait for so many years before we are able to live in the space and trade our bitcoins.

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November 09, 2018, 01:04:13 PM
 #27

I think we have to focus for using Bitcoin on the world. Smiley
Still to early to using it in the other places.
wahyu wida
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November 10, 2018, 02:14:57 AM
 #28

Well, for crypto currency to be used on the moon then people should be on the moon to use it and resources to use it for. All these are way too early to be in the talks. Besides, we still haven't even begun to colonize the space frontier. I just hope we do better in the next planet than the planet we live on today.
to be used on this planet alone, it is still in a difficult stage of struggle, i think that to be used on the moon it is still not in the realm. moreover there are no residents yet, let alone transactions
Clark (OP)
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November 15, 2018, 06:12:04 PM
 #29

The article mentions that it will take a long time. It's speculating on how Bitcoin could be used once we're on the Moon & Mars.

Tough crowd  Cheesy

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