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Author Topic: Why don't we literally send Bitcoin to the moon?  (Read 842 times)
AmoreJaz
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June 10, 2020, 10:26:42 PM
 #21

Ehh. I don't really think we need that more advertising. Especially through a rocket? That's most likely going to fly from the United States? majority of the people have heard of Bitcoin already anyway. It's definitely not the best way to spend the money. I'd rather use that money to fund Lightning Labs[1] and Chaincode Labs[2] to be honest.

We need more development for better and easier adoption, not marketing.


[1] https://chaincode.com/
[2] https://lightning.engineering/

agree with you here! no need of very expensive advertisement as media/social media can do that job. instead focus on more important things that will drive BTC adoption among the masses

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June 10, 2020, 10:41:09 PM
 #22

How much it cost for a rocket? We don't need to spend that much just to go for huge ads and been attracted by the community. In fact, we have that already, social ads are enough to catch attention because they will surely come and invest Bitcoin if they will trust this thing. We have already the ads, the popularity, what we needed now is sustainable market support and development.
Bitcoin has a better future than among the other cryptos. Having this potentiality will give hope that we can still be to the moon in the near future.

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June 10, 2020, 10:47:12 PM
 #23

And it's cheaper than sending a rocket with bitcoin logo planted in it. I'd rather spend that money on development instead.

The main purpose of the rocket launch will not be solely centered on bitcoin advertisement, it could be for space exploration and observation etc.

By the way,

I understood how people saw this idea as something unnecessary. As I said, these are fictitious but possible, though I believe, there are more efficient ways and strategies on how we can impart the positive idea of bitcoin to people. It starts with ourselves, as we learn and consider ways on how we can incorporate bitcoin into daily living. Soon, it still falls to the same goal which is to make bitcoin for everyone.

In terms of advertisement anything could be a tool just to visualize the subject, and this "fictitious" idea might happen in the future. However, If you're looking on to the practical side of this idea, It's indeed unnecessary for now, because we have a lot of tools in social media and internet which will be more effective and cost effecient than just mere visuals. Maybe if NASA will soon launch a rocket for space exploration, then that would be the perfect time to insert Bitcoin advertisement.

Nevertheless, the idea is good for bringing Bitcoin literally to the Moon, If not, into the space lol.


R


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June 11, 2020, 12:01:22 AM
 #24

One could advertise Bitcoin through a rocket but it comes with tons of cash needed. Although they only post their videos on their official website or just in Youtube.
Where you can just hire popular bloggers to create contents and post it to their high rank websites that could gain more attraction.

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June 11, 2020, 12:05:04 AM
 #25

Actually the concept of promoting bitcoin with space rocket advertising is very good, and the impact is very positive too. But the problem
the cost must be very large, and not yet the time of bitcoin promotion that way. Instead of doing space rocket advertising, better to do
promotions on television and sports stadiums. Cheaper than doing space rocket advertising.

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June 11, 2020, 12:24:35 AM
 #26

I think we are doing great with the goal of inviting and introducing people to bitcoin. Ads are enough and I think advertising through these rockets are too much. I would choose advertisements through the internet rather than the rocket one. Also, I don't think NASA would agree on this since as you said, they are not accepting that kinds of advertisements now.

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June 11, 2020, 03:05:40 AM
 #27



A very good idea that can certainly generate a lot of buzz and interest from people all over the world. The only big hindrance is the possible cost of such a venture because I am sure nobody will allow any name to be painted on any surface without first talking on budget. Sending anything to anywhere outside of Earth can certainly cost millions of dollars, if not billions, and I am sure nobody will be giving Bitcoin a free ride. Besides, Bitcoin is not actually so ready for a massive adoption or for it to become a global currency. There will be an imperial stretch if that can happen. So let's instead take things slowly and always be patient. Now, having said that, this is just my opinion because certainly nobody is stopping anyone to dream big, to dream beyond Earth and to take the name of Bitcoin to the moon and even to the stars.
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June 11, 2020, 03:16:32 AM
 #28

Some companies like Pepsi had done some space stunts and they were quite popular. But when comes with bitcoin, it's not a company, any advertisement would either need a bitcoin related business or need to have a collective volunteer fund for advertisement. Both of which are difficult to fund rocket ads at the moment. The only feasible solution would be a volunteer rocket owner promoting bitcoin and there are very few private rocket owners that have capacity to do that and a lot fewer (or one) that could be willing to.


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June 11, 2020, 10:33:13 AM
 #29

I see several problems with this idea, namely :

1. Rocket launches are very expensive { A re-used SpaceX rocket is costing $40 000 000 } - Would companies pay large amounts of money to make it worth their effort to advertise on rockets?

2. What happens if the rocket explodes? The company that advertised on that rocket would forever have the bad link to that event. It will be imprinted in people's minds.  Roll Eyes

There are lots of risks in doing this. Do you know how many people watched the last launch of Elon Musks SpaceX rocket?

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June 11, 2020, 11:30:36 AM
 #30

I don't think so that this kind of idea will kindly be promoted by the people who sponsor this kind of rocket launching and give a logo or promotion to the bitcoin which is literally to the moon because only a few people see the use of the bitcoin and this is not the right time to make an advertisement to the bitcoin but if you are the same lang Elon Musk and have money why not to promote the bitcoin because some of the people use this as the kind of safe haven for their money and still there is a chance to use this kind of promotion on the bitcoin instead I want the use of promotion of the blockchain instead of the bitcoin because this is the most essential thing we need today right now having a good and secured transparent transactions.

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June 11, 2020, 12:22:53 PM
 #31

Not really that realistic. With the amount of money that can be used to launch the rocket, just spend it on buying advertisement slots and print out souvenirs, t-shirts, etc. Much more well spent imo. And besides, I really doubt most of the masses even follow what NASA is even doing.  It comes down to others sharing it one way or another but really, it's not like they're paying attention to it fully. Since that's the case, might as well just use advertisements since the same message could be pretty much sent without spending much. Ofc, if its for free then why not right? Plus, imo, most of the possible advertisements BTC could have would be community-driven, all because no company is behind it. And I highly doubt the community would even save enough up to launch a rocket into space, since the costs is mind boggling enough, not to mention the required negotiations with NASA.

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June 12, 2020, 07:36:54 AM
 #32

Your biggest chance is with SpaceX, if the "former Dogecoin CEO for a day" allows. Or at least, one of the other private company contenders.

To be literal, would mean sending a node up there. But it would suck with latency over a second long...

You see, bitcoin is everywhere where there is a node. All of them, at the same time, exist in all nodes. Right now you cannot even say you "send bitcoin" across borders. What people handle are the keys that allow them control over a few of them. I guess it was easier for the masses to call the things "wallets" rather than keyrings?.

Right now, it is useless. But if a moon colony (which Elon already called "Moon Base Alpha") ever exists, they might want to have a few nodes in there.

Without significant advances in human communications (and my bet goes to quantum entanglement), a multi-planetary humanity will have to keep separate blockchains on each planet. Moon might still be doable, but Mars and elsewhere won't.

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June 12, 2020, 07:49:38 AM
 #33

This can be the most expensive advertisement of all time and as we can see, no companies yet thinks the same thing to advertise on a racket lunch. First, its expensive that no one will pay for this and second once Bitcoin is already outside the Earth people will start to forget about this advertisement. Social media, news, and movies might be more realistic to advertise bitcoin, there’s a lot more way to advertise at a very affordable price.

It's only that is expensive but what would exact outcome it can't be known. Who would invest such large amount of money not knowing what would be result, if any? That makes no sense.
It's true that we need some serious advertising and promotion for Bitcoin but I don't think that rocket is the adequate solution for that.

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June 12, 2020, 07:59:28 AM
 #34

Why would NASA or any private company advertise Bitcoin though? It's not like BTC or crypto have gone mainstream at present. These companies don't just focus on money basically which is why they would never accept this idea in the first place.

Elon Musk himself currently hodls a small portion of BTC. They clearly are not that interested in the monetary gains associated with advertising something like BTC. This perception could change in the future.

I admit that the idea sounds appealing, but absolutely unnecessary. There are far better ways of spreading the word. Celebrities advertising BTC and crypto in droves is the best idea in my opinion which is better than advertisements through different mediums.


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June 12, 2020, 11:51:30 AM
 #35

I think we are doing great with the goal of inviting and introducing people to bitcoin. Ads are enough and I think advertising through these rockets are too much. I would choose advertisements through the internet rather than the rocket one. Also, I don't think NASA would agree on this since as you said, they are not accepting that kinds of advertisements now.

Unless there is a investors in other planets so we need to introduce Bitcoin via rocket ship  Cool.

The thing about this is over acting because we cannot even advertised good here in our space what more to the moon?

Why would NASA or any private company advertise Bitcoin though? It's not like BTC or crypto have gone mainstream at present. These companies don't just focus on money basically which is why they would never accept this idea in the first place.

NASA will advertise if the price is right ,and with some supporting documents but yeah thats it why would they do that for just a currency that mostly called as scam?[i am not saying this but many outside the crypto)

Quote
Elon Musk himself currently hodls a small portion of BTC. They clearly are not that interested in the monetary gains associated with advertising something like BTC. This perception could change in the future.

I admit that the idea sounds appealing, but absolutely unnecessary. There are far better ways of spreading the word. Celebrities advertising BTC and crypto in droves is the best idea in my opinion which is better than advertisements through different mediums.



Appealing at first but very expensive and very over acting,maybe in future why not?but in our days now?there are many place to advertise Crypto and on those we must focus.
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June 12, 2020, 12:14:29 PM
 #36

I've been fond of watching rocket launching especially by SpaceX projects and I've think about the concept of advertising using rockets. There comes an idea that what if, we literally launch bitcoin to the moon?
These are some fictitious ideas I have in mind though could be done soon with the slightest possibility, what can you say?
While this idea sounds very attractive due to the presence of the metaphor of cryptos going to the Moon, I am not sure it's cost-effective. How much would such an add cost? If companies like Amazon do it rather than some small ones, it's probably a lot. Bitcoin has a bit of an advantage when it comes to SpaceX, though, since Elon Musk is a trickster who sometimes embraces BTC and might agree to do such a thing just for fun. So I think this idea should be offered to him via Twitter, and there's a small chance he'll respond. If someone has to pay for it, it's probably not an option and doesn't make much sense from marketing perspective. Like others said, there are simpler ways to promote BTC, and I am not sure that it's the lack of awareness that Bitcoin exists is what makes it unpopular nowadays. People need to learn in detail about Bitcoin, not just hear another brief mention in the news.

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June 12, 2020, 12:49:42 PM
 #37

Who deserves to do promotions that way? I mean who would spend that much money? Satoshi Nakamoto? or who else?

Since bitcoin is decentralized that will not be anyone who will spend a lot of money to promote bitcoin with huge of money.

As for some people out there who promote bitcoin, they only just rely on their popularity, no more than that.

We have to focus on giving some learning about bitcoin to new people as much as we can, tell them the basic thing about bitcoin if they are interested they will naturally like and spend money to buy bitcoin.

Those things will make bitcoin to the moon and it will last a long time, no more deep crashes and make people lose with it.
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June 12, 2020, 12:56:08 PM
 #38

How about we send bitcoin to the moon and land there?

The thing is, bitcoin is so unpredictable and the pump and dump happen so even if we say it will reach to the moon, it's expected to go back to the earth and worst thing is it will cause a massive destruction on the price of crypto like what we experience last post bull run.

I would prefer to see bitcoin slowly moving to the moon than a sudden pump which is only cause by manipulation.
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June 12, 2020, 01:23:01 PM
 #39

Referral marketing, Youtube ads, Google ads are more effective imo. And it's cheaper than sending a rocket with bitcoin logo planted in it. I'd rather spend that money on development instead.

As there are people who are making advertisement about bitcoin in the said platform that you've stated, people will still have some information little by little by that methods. Small progress is still a progress, so no matter what kind of advertisement you do, if you use social media platform then it is the best for me, I think and it is really feasible.

And btw, more and more people are interested in bitcoin due to social media, that's going to progress slowly but surely. I don't think marketing just for the sake to get people to know there's something called 'bitcoin' is worth it.

Social media platforms are really more effective and the best tool to inform other people about the advantages and benefits of bitcoin. People are getting interested once we use the platform where there are a massive volume of people accessing to it. Once we get their attention through our advertisements, we will now prioritizing a more better advertisements.

But the "moon thing" as advertisement tool for bitcoin is really unique and not that easy to achieve.

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June 12, 2020, 03:04:08 PM
 #40

I think this kind of advertisements will surely costs a lots of money and it would be an out of this world campaign if this become a reality. I think marketing bitcoin ads have already begun few years back and with all these giant social media companies are already enough as marketing tools to spread awareness about bitcoin or any cryptocurrencies to people who wanted to have an alternative way of sending and receiving payments all around the globe.

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