Bitcoin: A Planet-to-Planet Electronic Cash System

[Dabs]

Distance and Latency would be a big problem for mining. For transactions, it will simply mean you have a delay in sending them and confirming them. Still that would not be practical if other planets are involved. Bitcoin was never designed for anything other than the planet Earth and possibly anything beyond 1 or 2 minutes away at the speed of light / radio.

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[Polar91]

Distance and Latency would be a big problem for mining. For transactions, it will simply mean you have a delay in sending them and confirming them. Still that would not be practical if other planets are involved. Bitcoin was never designed for anything other than the planet Earth and possibly anything beyond 1 or 2 minutes away at the speed of light / radio.

Unless if they will go ahead and invest to create satellites that are meant only to be a mediator to strengthen the signals just like in a basic router and network systems. There are those we call the bridges and signal amplifiers that could be use if the distance is quite too far enough to still make the transaction faster and efficient.

But in the first place, why would we need bitcoin and crypto outside of the planet? For me, we should first focus on developing and enhancing bitcoin and crypto system here before we start to implement it outside of our vicinity.

[Asmonist]

Well that's really ridiculous. Planet to planet is just very broad one. We are not yet influenced the whole world how much more the planet. Its just so complicated to engage with other planets. What business can we do to other planets? Unless there are people living there now. Who will use cash there? This is somehow funny or no sense at all.

[ntsdm1]

Chang my mind.

https://finance.yahoo.com/news/bitcoin-wallet-hurtling-toward-international-003804528.html

The best thing about bitcoin is no one control it and everyone does.  This makes it a perfect value to trade between planets. Extra-terrestrial bodies are rich in untapped minerals and ores and they'd have a good trade for human things from earth.
But for that we'd need internet in the Mars and be available to every human settlements.
Bitcoin could even be the official currency of the mars.

I wonder if there has been contact with aliens?Maybe they're hiding something from us.Just another explanation why they sent the Bitcoin node to space is not clear to me.

[Dabs]

Unless if they will go ahead and invest to create satellites that are meant only to be a mediator to strengthen the signals just like in a basic router and network systems. There are those we call the bridges and signal amplifiers that could be use if the distance is quite too far enough to still make the transaction faster and efficient.

That's not really going to work, as we are limited by the speed of light through space. From Earth to Mars takes several minutes. It can't get any faster than that.

So transactions could be included and eventually confirmed all the way from Mars, but mining can't be done anywhere except on Earth.

[kotik085]

If there is a payment acceptance of bitcoin on another planet, then the transaction of bitcoin will also go on, as on planet Earth. Maybe after the release of a quantum computer, all this will happen.

[Dabs]

What would be more awesome is faster than light communication, reducing latency from other planets to Earth. If that gets cracked, then Bitcoin can be used and mined all the way to Mars, Jupiter, Saturn ... Pluto ... depending on how much faster than light this communication method is.