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Musk has already mapped out an approximate number of people he imagines living in the Mars colony (80,000), as well as how much a ticket to Mars might cost--$500,000.
Topic: A Interplanetary Currency - page 3. (Read 9189 times)
This thread is no longer too far-fetched: http://www.latimes.com/business/technology/la-fi-tn-elon-musk-80000-mars-20121126,0,2580983.story
^^^ Depends on who gets there first. If NASA or a coalition of governments, then our laws. If some corporation that is mainly interested in mining or operating a low G space depot, then whatever corporate law they use.
And the race is on!
The Bitcoin Foundation should join the race, to get bitcoin on Mars.
I'm not sure that Icanhascheezburger Corp has a space program.
^^^ Depends on who gets there first. If NASA or a coalition of governments, then our laws. If some corporation that is mainly interested in mining or operating a low G space depot, then whatever corporate law they use.
And the race is on!
^^^ Depends on who gets there first. If NASA or a coalition of governments, then our laws. If some corporation that is mainly interested in mining or operating a low G space depot, then whatever corporate law they use.
I am afraid that Musk would force us to use PayPal^^
But I don't think I'll need money on mars, because I'd have paid Musk already millions before even entering the space ship to my new homeland.(talking about a 50y time frame here) And how can I set up my mars koi pond? The next big question is, what kind of laws will be applied there? My laws? Musks laws? Zimbabwe laws? The next country for large scale shadow banks? XD
But I don't think I'll need money on mars, because I'd have paid Musk already millions before even entering the space ship to my new homeland.(talking about a 50y time frame here) And how can I set up my mars koi pond? The next big question is, what kind of laws will be applied there? My laws? Musks laws? Zimbabwe laws? The next country for large scale shadow banks? XD
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So far socrates1024 didn't finish his theoretical work, I guess mostly because of lack of interest from other people due to little practical need. But personally I am fascinated with this stuff.
socrates1024 has completed some portions of this work and afaik is still making good progress (from what I've read/discussed).
I am surprised no one remembered about this thread: Bitcoin Theory (Byzantine Generals and Beyond)
From his other thread:
So far socrates1024 didn't finish his theoretical work, I guess mostly because of lack of interest from other people due to little practical need. But personally I am fascinated with this stuff.
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- Latency: There are three popular timing models, which describe uncertain rate of message propagation in networks. The simplest case is called "synchronous communications", and it's when every message arrives within a certain known time limit, Δ (delta). Any messages that take longer than this have “timed out” and you can count them as failures. Protocols for this model often proceed in discrete rounds. The part of Bitcoin that rejects blocks based on invalid timestamps, for example, is indication of synchronicity assumptions. The hardest model is “asynchronous,” where packets can take longer and longer and longer to arrive.
A medium-difficulty (and mostly realistic) scenario is called “partially synchronous,” where temporary partitions may occur but are eventually resolved. In this model, you don’t use any explicit time parameters. A maximum time delay Δ exists, but it is unknown. Cynthia Dwork, Nancy Lynch, and Larry Stockmeyer won the Dijkstra prize for this 1988 paper, which turned out to be very useful. If you’ve ever dreamed of a Bitcoin mining colony on Mars, or wondered what would happen if the transatlantic fiberoptic backbone were suddenly severed, you are probably thinking about the partially synchronous model. The best possible results in this model are of the 67% (3f+1) variety, rather than the 51% (2f+1) variety. If even the 67% honest participants are able to survive a partition that splits them in half for an unknown duration, then an attacker with 33% could pretend (simulate) being on the other side of a partition and disrupt you at any time.
From his other thread:
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- Global parameters (like 10 minutes) should not need to be hard coded, but instead should automatically adjust according to demand and availability.
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- Global parameters (like 10 minutes) should not need to be hard coded, but instead should automatically adjust according to demand and availability.
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My mission is to eliminate every last hard-coded global parameter in Bitcoin, so that it grows into an indisputably scalable and universal protocol."
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My mission is to eliminate every last hard-coded global parameter in Bitcoin, so that it grows into an indisputably scalable and universal protocol."
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So far socrates1024 didn't finish his theoretical work, I guess mostly because of lack of interest from other people due to little practical need. But personally I am fascinated with this stuff.
Then again, it's quite possible that no currency will be allowed on any planets that we Eathlings ever populate in the future.
Most likely the martians will force us to buy their currency. Fucking early adopters.In which case the Earthlings will conduct a 51% attack. I'm not racist or anything, but I've always felt like them damn Martians were always up to no good. Boycott Mars! Let's start a petition.
Then again, it's quite possible that no currency will be allowed on any planets that we Eathlings ever populate in the future.
Most likely the martians will force us to buy their currency. Fucking early adopters. I think there is actually no big problem with using Bitcoin on Mars. It just needs a bit of additional work:
- it's not always possible to communicate directly with mars. there is this big thing called "sun" inbetween! i.e. for a permanent mars base, we need additional relay satellites.
- i could envision a central server at mars, that acts as a clearing station for all transactions.
- double spends on mars and in parallel on earth are possible, but would be detected in less than half an hour.
- for the entire lifespan of bitcoin, the mining power on earth will very likely be much higher than on mars. so, mining over there won't make much sense in the first place.
Once Mars becomes inhabited, there's always the option of its citizens starting a new currency based on the Bitcon protocol, only used on Mars with its value determined by the then Bitcoin exchange rate.
Then again, it's quite possible that no currency will be allowed on any planets that we Eathlings ever populate in the future.
- i could envision a central server at mars, that acts as a clearing station for all transactions.
I think there is actually no big problem with using Bitcoin on Mars. It just needs a bit of additional work:
- it's not always possible to communicate directly with mars. there is this big thing called "sun" inbetween! i.e. for a permanent mars base, we need additional relay satellites.
- i could envision a central server at mars, that acts as a clearing station for all transactions.
- double spends on mars and in parallel on earth are possible, but would be detected in less than half an hour.
- for the entire lifespan of bitcoin, the mining power on earth will very likely be much higher than on mars. so, mining over there won't make much sense in the first place.
Agreed.
I think there is actually no big problem with using Bitcoin on Mars. It just needs a bit of additional work:
- it's not always possible to communicate directly with mars. there is this big thing called "sun" inbetween! i.e. for a permanent mars base, we need additional relay satellites.
- i could envision a central server at mars, that acts as a clearing station for all transactions.
- double spends on mars and in parallel on earth are possible, but would be detected in less than half an hour.
- for the entire lifespan of bitcoin, the mining power on earth will very likely be much higher than on mars. so, mining over there won't make much sense in the first place.
Introducing the Interplanetary Bitcoin Exchange (IBEX). I've put a thought into this. All I need is a logo to resemble the following image.
Fuck me! Why the hell did it have to look like a goat?
Here's my backup plan: The Interplanetary...
Fuck me! Why the hell did it have to look like a goat?
Here's my backup plan: The Interplanetary...
Bitcoin on Mars? Mars is worse than living on Antarctica so I doubt there will be much economy there for a long time. Maybe one day they would have their own chain though.
Even people in the arctic need to pay for internet porn and send their earnings to family members. Of course people on Mars will want to do business with people on Earth. All of those spice miners will want to send profits to their families back on free Earth. Not to mention buying your freedom for the Earth masters.
Double spends may be an issue. You would want to wait for 60 confirmation instead of 6.
i could see it working with international space station and the moon if economies there were big enough i guess.
The whole concept is just plain cool IMHO.
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