Topic: Bitcoin in Space - page 2. (Read 296 times)

No
I do not think that we should start with that. I do think what would matter more is using the renewable sources of energy on the earth itself first since at the end of the day, mining is itself using a lot of power.
We should start by making mining more green. Then we can extend it to other things. Things like :-
Making sure lightning network works without bounds and at the same time we improve the waiting time and the network congestion needs to be improved first. Even for normal fee sometimes the transaction takes a lot of time which is something that might need a lot of improvement for sure.
Investing millions on the moon mission is wasting those money to first secure bitcoins on earth. It might sound amazing for many people but at the same time we have to start improving the things on the earth first. We are far beyond reaching a 100% completion regarding the Bitcoin network. It's still in it's developing stage and more practical applications needs to be evolved ofc.

We haven't even colonized the Moon yet and we start thinking of this, we can utilize the seas of the Earth first before we do anything outside our world, seasteads are a hope for us, colonize the seas first and then we will worry about the Moon next.

That's an extinction level disaster. If there were such a disaster that caused all bitcoin nodes spread across the globe go down, it is safe to assume that the same disaster (the meteor strike) is severe enough to cause the next mass extinction on earth, and we've had a dozen of these. So what's the point of bitcoin going on when there is no humanity anymore?

Hardened orbital blockchain.  

Consider the possibilities!

It is such a great idea, I made two different threads about it.

https://bitcointalksearch.org/topic/m.56634002

https://bitcointalksearch.org/topic/m.56718054

I can see Elon Musk doing something similar for cryptocurrencies that he's doing for his business "Starlink". If not, someone will eventually come along, and do the same. However, this really isn't a priority if your thinking this is a good idea for prolonging the life of Bitcoin, unless you plan on catering to undiscovered extraterrestrial beings, because currently not many humans are away from earth, and none at all are away from earth permanently.  

For this to become a priority you would probably need established colonies on another planet, and even then there's far more things that would need to be prioritized than establishing a currency that can't be destroyed or is unlikely to be destroyed.

I'm not exactly sure who holds jurisdiction in space, and whether there is any at all, and that's why I say that Elon Musk might consider this in the near future. It could be beneficial to establish nodes outside of jurisdiction of governments, and prying eyes. That would really be the only justifiable reason that this could become a priority, and even then that's a stretch. I do have a feeling though that to launch anything into space, it would require permission from some sort of governing board.

I understand the idea of it is cool, but its not exactly needed any time soon.

I imagine Bitcoin in the future will not touch the earth and remain in space, with the current situation that we see, It's really hard to say something that people might not believe.

What is clear in the future Bitcoin is much more valuable, maybe, could be in the threshold of $ 500k, still in the sky.

We are not talking predictions, circumstances that determine everything is 'may or may not'.

two yes and no answers
allow me to speculate based on what I understand, if there is an error, please correct it immediately.

First, yes: if a large company like Startup agrees to spend large amounts of money in the construction of bitcoin mining nodes, then all levels of the network are much more sped up and consume even higher energy sources. clearly the plus side adds to the incentive for other companies to invest in their money. the impact will be quite large.

second, no: that is, startups still do not want to spend a penny to contribute to the development of Node on the Moon, so we will witness a company decline which has been proven, the more they reject the growth of Bitcoin, the more they no longer have an ideal position among investors. Automatically indirectly the Startup seems not to want to be visited by parties who are happy with bitcoin. The point is that startups will be left behind in the future.

Now that Bitcoin is well-established on Earth, we should focus on strengthening the network by expanding nodes and miners across space. Placing miners and nodes on the Moon would be a great start to ensure Bitcoin lives forever. Imagine what would happen to the pioneer cryptocurrency if a major disaster strikes on Earth (like a meteor strike). If all nodes go down, Bitcoin goes away with them. Expanding Bitcoin's network infrastructure would be a wise idea to preserve its longevity. We now have a "Bitcoin Satellite" by Blockstream, but it's yet the time where we don't have a Bitcoin node on space.

Do you think some company or startup will invest money in launching Bitcoin nodes (and miners) into space? If not, why? What will the future of Bitcoin look like once settled in space? Your input will be greatly appreciated. Thanks.