What currency shall human use when colonizing Mars

[Indamuck]

It will be like Star Trek and there will be no currency, this is so far in the future though, we will have automation and resources we can't even dream of.

[Cacingkemi]

I think cryptocurrencies are suitable for use on Mars, digital currencies will not be burned by water or damaged. I wonder why want explore to the Mars while we on earth are good and beautiful enough, IMO the earth is very perfect .

[Artemis3]

It will be like Star Trek and there will be no currency, this is so far in the future though, we will have automation and resources we can't even dream of.

The Star Trek model is based on "infinite energy" by the matter/antimatter power generation that made the "replicators" possible. If this is ever attainable, it will be centuries away.

It is also hierarchy military based, so I'm not sure how well it could last. Certainly the part of being contacted by alien civilizations played a role there.

In reality i doubt we will ever be contacted for various reasons but if that ever occurred anything we say here changes.

To reach that level, we would need to spend enormous amounts in research and resources. Not before we treat our solar system like our playground, so called "Level II" on the Kardashev scale.

For starters, the minuscule LHC is unsuitable. We need planet orbit sized particle accelerators... We are going to have Mars inhabited and probably terraformed already before we manage to build one of these, and its corresponding dyson ring or whatever is needed to power it.

[Argoo]

I think cryptocurrencies are suitable for use on Mars, digital currencies will not be burned by water or damaged. I wonder why want explore to the Mars while we on earth are good and beautiful enough, IMO the earth is very perfect .

Do not forget that in order for Mars to have a cryptocurrency, there must at least be the Internet. For this you need to launch artificial satellites. I do not think that this will be the primary task for the colonialists of Mars in the period of the struggle for their survival on an alien planet. While it is difficult to say what kind of money will be there, however, it will not be a cryptocurrency and they will appear there in the later stages of the exploration of Mars.

[Netnox]

I'm sure that the people living in mars will be homesick eventually and start to trade in memorabilia items. They might even use US dollars just to remind them of earth

US Dollar can be used in Mars, as long as physical cash is the format. I don't think that we'll be able to use online modes such as Paypal and Visa anytime soon due to data transfer issues. That said, there is a strong chance that any upcoming colonies in Mars will be much tempted to print their own currency rather than depending on the currencies that are being used here. Gold is another asset that can be used as cash.

[upsidedown75]

I can't really believe anyone would be talking about life on Mars, when you haven't made the Earth you're living in a better place. There are lots of things that has to be done and no one is talking about Mars right now, this one is just a fairy tale because it is not going to happen anytime soon.

Yes, there is every possibility that people will be visiting Mars, but not for them to live there. I just don't believe all those wack stories that people wants to go and live in Mars. No one has that time and money, except maybe rich men that would like to be visiting there by any cost and for them bitcoin or other cryptos will not be a big concern. If Mars will be raised by a government which believes into decentralization then we may expect bitcoin to be a currency there.

Probably he is beginning to picture how much he will be worth when the bull run comes and his investment would be too much for the earth to hold that he has to transfer some to the Mar, he is just trying to seek opinions, lol.

We are still working so hard to create the airiness necessary on earth to get full adoption which we are yet to even achieve 5% of it, and now he wants us to focus on Mars, there are so many point to be discussed about cryptocurrency as regards the adoption of the currency on earth and other planets function should not be our concern, the earth is what God has created for men, let the aliens in Mars look for a solution to theirs if they exist as people claim.

[kaya11]

Marscoin  
I'm not joking. There is already a currency with that name that was designed to be used in Mars.

Lol. Seriously? This is just a dream basically at present which is why thinking about the currency that they are planning on using is pointless. Even if they choose a currency, why in the world would they choose crypto which many governments don't support on Earth itself?

Forget Mars. We need to focus on making our planet a better place to live in by improving energy efficiency etc.

Nailed it! Let's just leave Mars as healthy as it is now and we should avoid contaminating it with what virus we already have(human greed). If our planet is cleansed one day, we won't be bothering going out there. This is a beautiful world to live in only if we change for good.

[tongtong_zz]

Interesting question. I think human will create another alternative currency which maybe different from existing currencies

[Thanasis]

The first black hole picture reminds me Elon Musk's quote

    Mars should really have great bars.

It made me wonder what currency shall we use in that bar on Mars. Will it be fiat or cryptocurrency? Will there be a heated fight whether the bar tender shall accept USD or RMB? Is there an ATM for converting AUD to BTC?

Full article is https://support.jinance.com.au/hc/en-us/articles/360000906595-What-currency-shall-human-use-when-colonizing-Mars

Try to make a currency free world at least on mars.

IMO,it will be fiat currency as well if human can colonize the mars planet in 10 years or sooner,if that happens after than then there will be chance of cryptos to take its place.

[EdenHazard]

Living on mars just an imagination IMO. Earth just one plannet that can be lived by human, if earth already destroyed maybe there is no human who live in this world. Just expect cryptocurrency can be use by people on earth now, there are many chance to do it. Regulation just for a momment, government will look cryptocurrency as alternative payment system because it will help them.

[Irvinn]

Living on mars just an imagination IMO. Earth just one plannet that can be lived by human, if earth already destroyed maybe there is no human who live in this world. Just expect cryptocurrency can be use by people on earth now, there are many chance to do it. Regulation just for a momment, government will look cryptocurrency as alternative payment system because it will help them.

Life on Mars is far from fantasy. According to human physiology, the planet Mars is better suited for us than the planet Earth. Gravity is a bit less there, but it is better suited for us than earth gravity. With age, almost all people have back problems. On Mars, this problem should not be, in any case, on such a huge scale. From 2026, the real colonization of Mars will begin, which should be completed in about twenty years.
As for the currency on Mars, it is still too early to talk about it. In any case, it will not be a cryptocurrency.

[Sithara007]

Living on mars just an imagination IMO. Earth just one plannet that can be lived by human, if earth already destroyed maybe there is no human who live in this world. Just expect cryptocurrency can be use by people on earth now, there are many chance to do it. Regulation just for a momment, government will look cryptocurrency as alternative payment system because it will help them.

You have a valid point. Why should anyone try to settle there? We have enough space on earth and now the human population growth is also slowing down. It is extremely expensive to create human settlements in Mars, as it doesn't have enough oxygen in the atmosphere or Ozone layer to protect the inhabitants from harmful solar radiation. Mars can be used as a temporary outstation, from where research activity and space-launches can be conducted. But creating permanent human settlements doesn't make any sense.  

[Crypto Girl]

Forget Mars. We need to focus on making our planet a better place to live in by improving energy efficiency etc.

Ironically, people spending million dollars on studying Mars like if it can really support a life when in fact we can still somehow save the Earth. Just spend those million dollars in rehabilitating the environment and we wouldn't be needing to colonize the Mars. Sorry for the rant and seems like I'm a killjoy. 😂

Either don't care what Elon Musk had said btw.

[Polar91]

Living on mars just an imagination IMO. Earth just one plannet that can be lived by human, if earth already destroyed maybe there is no human who live in this world. Just expect cryptocurrency can be use by people on earth now, there are many chance to do it. Regulation just for a momment, government will look cryptocurrency as alternative payment system because it will help them.

You have a valid point. Why should anyone try to settle there? We have enough space on earth and now the human population growth is also slowing down. It is extremely expensive to create human settlements in Mars, as it doesn't have enough oxygen in the atmosphere or Ozone layer to protect the inhabitants from harmful solar radiation. Mars can be used as a temporary outstation, from where research activity and space-launches can be conducted. But creating permanent human settlements doesn't make any sense.  

People doesn't stop exploring; living in the Mars is one way of doing it. Although we can say that we have enough resources here, it would still be better if we can know what is life to other planets wherein orgnisms are able to live.

[BeGoods]

It will be like Star Trek and there will be no currency, this is so far in the future though, we will have automation and resources we can't even dream of.

I think so, in my opinion we think too far by colonizing Mars and thinking about the currency there. I think expeditions and colonizing Mars will probably happen in the future, and while we don't know what currency we will use in the future? is it still fiat or not

[chenille]

It will be like Star Trek and there will be no currency, this is so far in the future though, we will have automation and resources we can't even dream of.

I think so, in my opinion we think too far by colonizing Mars and thinking about the currency there. I think expeditions and colonizing Mars will probably happen in the future, and while we don't know what currency we will use in the future? is it still fiat or not

Why not thinking about (very unlikely) things. We all know it will take huge efforts, a long time and very good tech to colonize Mars even if it's far away. And furthermore I think the question was a little bit a joke like "when moon" so "when mars" is the next thing happening. 
The currency will be one of the less important things when colonizing Mars. 

[South Park]

I can't really believe anyone would be talking about life on Mars, when you haven't made the Earth you're living in a better place. There are lots of things that has to be done and no one is talking about Mars right now, this one is just a fairy tale because it is not going to happen anytime soon.

Yes, there is every possibility that people will be visiting Mars, but not for them to live there. I just don't believe all those wack stories that people wants to go and live in Mars. No one has that time and money, except maybe rich men that would like to be visiting there by any cost and for them bitcoin or other cryptos will not be a big concern. If Mars will be raised by a government which believes into decentralization then we may expect bitcoin to be a currency there.

That is precisely the reason why humans need to colonize other planets or at least to create some space stations where humans can live, if history is any indication it seems that it is impossible for humans to live in peace since they always find some reasons to fight each other, but in our current era that is dangerous since the power of the weapons governments have has grown exponentially so we need a human presence in other parts of the universe to avoid our extinction.

[Genemind]

What's the sense of having a currency in colonizing Mars? Do you really think that we could colonize that planet? You have a broad imagination and I guess that's too impossible to happen. Focus on your planet and think of good coins which you could have and hold here for you to have a better life when the bull runs. There are still lots of things that are yet to happen here, you should focus on the reality.

[Yakamoto]

What's the sense of having a currency in colonizing Mars? Do you really think that we could colonize that planet? You have a broad imagination and I guess that's too impossible to happen. Focus on your planet and think of good coins which you could have and hold here for you to have a better life when the bull runs. There are still lots of things that are yet to happen here, you should focus on the reality.

it's entirely possible to colonize other planets with current technology. If we were investing more into R&D for experimental scientific projects, I almost guarantee that we would have technology far beyond that required to colonize Mars. We could probably start reaching out to asteroid colonies at that point, all we need to do is find efficient methods of space travel. If ion drives can be proven to work, far-flung colonization may be viable. It all comes down to how much we're willing to invest into new tech, because almost everything is possible with enough energy. Eventually, technology will become so advanced that it will almost be indistinguishable from magic. You could notionally convert matter into energy (and potentially back again) with enough of an energy investment. Once we can reliably run fusion reactors, we're basically ready to colonize planets because we can fuel ships from the moon and water-containing asteroids (hydrogren fuel cells).

Earth is dying, slowly, and it won't be possible to maintain humanity here forever on the limited resources we have on the planet alone. Going to the stars is a necessity. All resources are finite, we just need to go further to access more of them. That's where space colonization comes in.

[el kaka22]

You do not understand what mars could be and how fast we are improving on transportation. Obviously it makes no sense to create a community in mars right now considering we can't even send humans right now and even if we can try and succeed it will take a lot of time to settle there and all that. However think about 50+ years from now when transporting someone from earth to mars (or vice versa) will become much cheaper and much easier and mars could be turned into earth like planet where everyone could live with some habitat just like earth.

I know its a dirt planet right now but if they can build some atmosphere and plant trees and all that it will become a regular planet like ours which than will become something quite easy to live on to. Do not think how things are today but think how it can be in the future and mars is a great solution for population problem.