Bitcoin can be use by future Mars Inhabitants? - page 2.

bitsmichel

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Quote from: DDuckworth on August 15, 2014, 06:22:11 AM

Quote from: Hiraga on August 15, 2014, 05:25:37 AM

You guys forget that when Mars gets colonized Bitcoin and all it's technology is prehistoric.

I guess it's possible but really I think it's unlikely.

Consider that SpaceX was created for the sole purpose of reaching mars so that Elon Musk could be buried there. Reaching mars is the first step in colonizing it, and if any company would ever do something like that - it would certainly be SpaceX. Along with that, it would be fairly quick since they are working at a rapid pace towards space domination.

However, even if it takes 200 years to reach space - we will just more likely be using Bitcoin as our main currency by that point. USD has been used for close to 200 years now, as well as other world currencies, so I think it's still possible and even likely we would be using Bitcoin.

It may even be a vastly improved version of bitcoin, but since Bitcoin is a software and not a physical item, it can become something entirely different but we can still call it Bitcoin, and it will still be Bitcoin.

#ToTheMars!

There will be digital currency in an planetary financial system. Most of the goods, if not all, would be digital. But, given that we have 3d printers now they could easily be physical. There is still the question as to the speed - for all currencies. Maybe 22 light minutes is not a big problem or by then there is a trick to speed it up.

DDuckworth

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Quote from: Hiraga on August 15, 2014, 05:25:37 AM

You guys forget that when Mars gets colonized Bitcoin and all it's technology is prehistoric.

I guess it's possible but really I think it's unlikely.

Consider that SpaceX was created for the sole purpose of reaching mars so that Elon Musk could be buried there. Reaching mars is the first step in colonizing it, and if any company would ever do something like that - it would certainly be SpaceX. Along with that, it would be fairly quick since they are working at a rapid pace towards space domination.

However, even if it takes 200 years to reach space - we will just more likely be using Bitcoin as our main currency by that point. USD has been used for close to 200 years now, as well as other world currencies, so I think it's still possible and even likely we would be using Bitcoin.

It may even be a vastly improved version of bitcoin, but since Bitcoin is a software and not a physical item, it can become something entirely different but we can still call it Bitcoin, and it will still be Bitcoin.

#ToTheMars!

Hiraga

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You guys forget that when Mars gets colonized Bitcoin and all it's technology is prehistoric.

minerpumpkin

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Quote from: Watoshi-Dimobuto on August 04, 2014, 11:38:38 PM

Some day in the future we will have human settlements in Mars can they use bitcoin?

They could either operate their own Bitcoin network or we'd have to make see real adjustments to the protocol first. The round trip times from Earth to Mars and back again are just too high to effectively transact BTC or mine blocks that don't become orphaned. Just because both Bitcoin and Space exploration are futuristic and exciting don't mean they also mix especially well...

zedicus

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Quote from: commandrix on August 14, 2014, 09:57:36 AM

Quote from: btcracer1 on August 14, 2014, 09:03:44 AM

Quote from: Prez on August 13, 2014, 11:17:00 PM

Mining would be a waste of energy on mars.

Maybe the Mars population will have such powerful computers that mining will be pointless and won't exist anymore.

That's kinda what I'm hoping. Or at least we have a crypto that doesn't depend on mining very much. We can avoid the evil miners who invested in big powerful rigs and are using it to dominate the computing power behind any cryptocurrency we end up using on Mars. Though maybe it's just that I have enough of an evil genius in me to think of doing that. Bwahaha, right?

The miners are what secure the network. What really needs to happen is the TX volume gets to be high enough so that TX fees are high enough so that miners will need to spend enough on their miners so even a deep pocketed entity would not effectively be able to attack the network.

commandrix

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Quote from: ?? on ??

Quote from: Watoshi-Dimobuto on August 04, 2014, 11:38:38 PM

Some day in the future we will have human settlements in Mars can they use bitcoin?

I think they will use MarsCoin. Lol

Probably. I think a member of the Marscoin Foundation mentioned that we could probably take the blockchain to Mars on a flash drive if we wanted to.

zimmah

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Quote from: tmbp on August 05, 2014, 12:33:40 AM

Quote from: MineForeman.com on August 05, 2014, 12:31:46 AM

Quote from: Watoshi-Dimobuto on August 04, 2014, 11:38:38 PM

Some day in the future we will have human settlements in Mars can they use bitcoin?

No reason why not. At the maximum distance between the two planets (378 million km) there would be a 21 minutes delay to get your transaction in a block (42 minutes minimum if your waiting for a confirmation).

I would not recommend mining though, the chances of your block being orphaned are quite high.

Neil

Implying Mars wouldn't have their own blockchain, ah egocentric ~~humanoids~~. terrestrials

martians can be humanoid as well, and if they are colonists from earth they are still human.

but they won't be terran/terrestrial anymore

Quote from: DeathAndTaxes on August 05, 2014, 12:38:12 AM

In theory yes but given the cost of interplanetary transmission and the long latency it is more likely that a separate MarsCoin would develop. Most intra-planetary transactions would only use their respective currencies but I am sure some company would provide gateway and exchange services between the two networks.

marscoin may be separate, but still tradeable for bitcoin. Or maybe marscoin will just be a sidechain

zimmah

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Quote from: beetcoin on August 05, 2014, 12:30:46 AM

Quote from: keithers on August 05, 2014, 12:25:09 AM

Pretty sure we will need to learn how to breathe there before we can be concerned about cryptos there...

word, we should nuke mars or something.. there's all that water under the surface, and that vapor can start terraforming mars. we'll all probably be dead by then there is a decent settlement on mars though.

right now, i rather we discover more about europa.. i really wanna see if live has developed on that moon.

it would need an atmosphere to keep the vapor around. I'm pretty sure mars doesn't have a stable magnetic field that prevents solar wind from blowing away their atmosphere.

It's easier to just create biodomes.

commandrix

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Quote from: btcracer1 on August 14, 2014, 09:03:44 AM

Quote from: Prez on August 13, 2014, 11:17:00 PM

Mining would be a waste of energy on mars.

Maybe the Mars population will have such powerful computers that mining will be pointless and won't exist anymore.

That's kinda what I'm hoping. Or at least we have a crypto that doesn't depend on mining very much. We can avoid the evil miners who invested in big powerful rigs and are using it to dominate the computing power behind any cryptocurrency we end up using on Mars. Though maybe it's just that I have enough of an evil genius in me to think of doing that. Bwahaha, right?

btcracer1

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Quote from: Prez on August 13, 2014, 11:17:00 PM

Mining would be a waste of energy on mars.

Maybe the Mars population will have such powerful computers that mining will be pointless and won't exist anymore.

phillipsjk

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Let the chips fall where they may.

Quote from: ebliever on August 13, 2014, 11:00:51 PM

Sigh, actually I think there already are clonecoins named after all the planets... I suppose that's one item we can check off the Master Colonization Checklist, at any rate. Tongue

I concluded the one I know about is essentially a scam because it is not being started by actual martian colonists on the red planet. They hope to get there using "marscoin" as a fund-raiser: but there is no urgency to start a Mars block-chain since Bitcoin exists.

When a Mars chain becomes important is: when they have a large enough population to set up a relatively independent economy. All transactions involving Earth will probably require Bitcoin conversion anyway.

freedomno1

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Quote from: Prez on August 13, 2014, 11:17:00 PM

Mining would be a waste of energy on mars.

That would depend on the ability to use local resources to build a system of exchange
If its their own client one computer could do all the work for it and no one else would mine Wink

A single centralized node

Either way it saves the costs of printing money or wasting resources to create paper currencies vs a phone app.

Prez

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Mining would be a waste of energy on mars.

ebliever

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Quote from: waldox on August 05, 2014, 05:55:13 AM

the limit to mars - earth communication is about 4 minutes
so blockchain will probally split, a mars block chain and an earth blockchain.
the earth miner will have a 4 minute propogation disadvange for a mars miner to find the next block compared to a local earth miner.
then if by accident a mars miner get the next block then it would be hard for a earth miner to get the next block due to a 4 minute delay.
thats just all theory.

Actually it would be a minimum of ~5 minutes (when the planets were both aligned on the same side of the sun). When on opposite sides it would be more like (8+8+5) 21 minutes, as someone else mentioned. That would suck for confirmation times. A Marscoin at that point would be a no-brainer. Sigh, actually I think there already are clonecoins named after all the planets... I suppose that's one item we can check off the Master Colonization Checklist, at any rate. Tongue

phillipsjk

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Let the chips fall where they may.

I think the answer is yes: martains can use Bitcoin. They will want to set up their own coin employing "proof of low latency" for blocks taking more than a certain amount of time. That way, they can have their own block-chain without being swamped by Earth's hash-power.

While TCP will not work over those distances, broadcasting transactions to a relay should work fine.

DDuckworth

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Quote from: zeeshan98210 on August 13, 2014, 04:40:51 PM

We need to find a alternative signal carrier that is much faster than light for the bitcoin to function properly. The speed of light is unrealiable for long distance space communication. If we try harder their could be a way transmit information faster than light.

Wouldn't that be near impossible? I would think the only way for that to occur is if we found a wormhole which would simply shorten the distance (think bent space-time) rather than actually travel faster than the fastest thing possible. The reason nothing travels faster than light is because time actually stops at that speed.

If you were a photon escaping the sun, you would experience no time on your journey to earth, it would be an instantaneous start and stop method of travel for you. The only reason the 8 minutes of time occurs to us is because the speed at which we view the universe. But for that photon, no time passes at all. Meaning, you would never age during that travel speed.

Fray

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Quote from: bigasic on August 13, 2014, 04:51:12 PM

They have plans to colonize mars, im sure its probably already been mentioned in this thread, but they are looking for the first few people to go in about 7 years or so. They are sending satellites there soon for communication, I believe there is about a 20 minute time delay so phone calls are out of the question, but bitcoin is sure a possibility as im sure they will have internet access, just a 20 minute delay.

It will take hundreds of years for them to get enough people to really colonize mars, I dont understand why anyone would want to be the first one there, but someone has to...

If there was a 20 minute delay with the internet, wouldn't that mean that if you tried to send a TX it would be possible that those inputs could have been spent 2 blocks ago?

Arriemoller

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Quote from: beetcoin on August 05, 2014, 12:34:38 AM

Quote from: keithers on August 05, 2014, 12:33:47 AM

Given how much of a drought there is there, I think I will be selling cups of water for 1BTC each...

yeah i have some stocked up.. i should get even more. water is life, water is important.

california is such a shitty place to live though.. sales tax is something like %8.2ish percent, electricity bills are going up and up, and now we don't even have enough water to drink.

Sales tax in Sweden is 25%, We have plenty of water though, and fairly cheap electricity.

bigasic

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They have plans to colonize mars, im sure its probably already been mentioned in this thread, but they are looking for the first few people to go in about 7 years or so. They are sending satellites there soon for communication, I believe there is about a 20 minute time delay so phone calls are out of the question, but bitcoin is sure a possibility as im sure they will have internet access, just a 20 minute delay.

It will take hundreds of years for them to get enough people to really colonize mars, I dont understand why anyone would want to be the first one there, but someone has to...

zeeshan98210

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We need to find a alternative signal carrier that is much faster than light for the bitcoin to function properly. The speed of light is unrealiable for long distance space communication. If we try harder their could be a way transmit information faster than light.

Topic: Bitcoin can be use by future Mars Inhabitants? - page 2. (Read 5180 times)