Topic: Do you think crypto will be the future for payments in space ? - page 2. (Read 484 times)
October 19, 2021, 11:55:34 PM
You are asking about the future of payment systems while we cannot be sure about anything even in a few days, however, with the current situation, bitcoin cannot be used as a payment method by itself, and there other alternative coins are not really trusted by old crypto users to be used a payment method. So, I believe at least right now fiat can be a better option for payments and both crypto and fiat are good in their own place.
October 19, 2021, 04:04:06 AM
I'd like to imagine those payment methods that we use now will not be a thing of the future. Actually, I would like to think that we won't need methods of payment at all. You see, space travel, at least any serious form of it is still a distant future, as well as is planetary colonization. When we reach the point where private payment of individuals (on a larger scale) could be conducted, we might have very well abolished the concept of money and payments in a future society.
I do believe that cards are not going anywhere but I do believe that apps will become the major thing in the future. If you do not need those machines and all you need is a phone to get paid then why would you require cards and those machines? That was what we needed back in the day but that is no longer needed right now. What do we really need to do now? We need a bank app that will allow the shop to show me a QR code and then I will open my bank app and then read that QR code and then I will be paying it, that's it.I would be confirming and writing my pin and so forth on my app so that it is more secure but literally 2 phones is enough right now in technology. There are so many places that started using this as an option if you would like to and that needs to grow. That will be the future of the crypto world and the payment processing companies as well, apps on phones.
October 19, 2021, 02:24:51 AM
I dont think that the transaction speed will be that different. We have seen how astronauts make live video calls to the Earth with good graphics pictures. That means that we already now have a technology to transfer heavy streaming videos from out of space. What a blockchain or regular bank (swift) transaction? Just a number of bytes. By the time technology develops so much that will allow us to fly from populated planet A to populated planet B, data transfer would be so fast, that it wont matter what you send.
But I think future payments in space a still very far. Space payment will be on when we will have a unite currency on Earth. And having one unite currency in every country looks impossible to me.
October 19, 2021, 02:13:56 AM
The delay in communication will make payment on a Blockchain very interesting.
"All communication between Mars and Earth goes through satellites. Because of the distance, there is a substantial delay. As communication signals travel at the speed of light, this means that it can take between 3 and 22 minutes for the information to reach the other end, so a phone call would not be practical." Source : https://www.mars-one.com/faq/technology/how-does-the-mars-base-communicate-with-earth
They can run their own Blockchain network on their own planet and then create a interplanetary Blockchain for all interplanetary "bulk" transfers. (Something similar to what the Banks are doing with SWIFT)
"All communication between Mars and Earth goes through satellites. Because of the distance, there is a substantial delay. As communication signals travel at the speed of light, this means that it can take between 3 and 22 minutes for the information to reach the other end, so a phone call would not be practical." Source : https://www.mars-one.com/faq/technology/how-does-the-mars-base-communicate-with-earth
They can run their own Blockchain network on their own planet and then create a interplanetary Blockchain for all interplanetary "bulk" transfers. (Something similar to what the Banks are doing with SWIFT)
October 19, 2021, 02:04:44 AM
You think too far into the future, it's better if we talk more about the reality that has happened and measure it fairly into the future. The point is that Bitcoin will become a means of payment in the future among humans and its popularity on the internet will play a more important role than now. Well, surely Bitcoin is long-lived.
My hope at this time is that until bitcoin is legalized as a currency, I already have financial freedom as a result of cryptocurrency, so that later I have lots of bitcoins and are free to shop as needed, especially from now on we already understand the use of bitcoin, how it works and so on, so this is something to be grateful for October 18, 2021, 10:46:20 PM
You think too far into the future, it's better if we talk more about the reality that has happened and measure it fairly into the future. The point is that Bitcoin will become a means of payment in the future among humans and its popularity on the internet will play a more important role than now. Well, surely Bitcoin is long-lived.
October 18, 2021, 04:56:07 PM
I think it's possible because what I know in the movie spongebob outer space can be explored by a squirrel "Sandy" hah ,well it possible to send from planet a to planet b if there is an internet connection then it is possible ,but who will live at there no water no free air and no plants ,empty planet made up of debris
October 18, 2021, 04:35:27 PM
Do you think crypto will be the future for payments in space ?
How will they pay people long distance ... from planet A to planet B ?
That depends, but I can’t imagine anyone living in a different planet than earth. I know a lot of people have believed that we can live in Mars, apart from the planet Mars there is no other planet that people go to. And by the way, even on the planet Mars, humans won’t be able to survive because the air is mostly made up of 96% as Carbon dioxide, so nobody is going to survive there unless they came with an oxygen tank, and oxygen tank doesn’t last forever, at some point it is going to finish and you would be left to nothing.How will they pay people long distance ... from planet A to planet B ?
So, you can see that’s quite unlikely to happen, unless you’re going to be staying for just a short time. And moreover, I don’t see why you would fly to a different planet and be expecting someone to send you money.
October 18, 2021, 01:38:08 PM
we need modern civilization if we want this to happen, and indeed something like this will not happen in recent years even though the technology on earth has advanced but so far we have not been able to get to that stage.
because now we are still making observations and research on the solar system has not yet reached the stage of how we live there and how we do transactions through crypto as Op intended.
because now we are still making observations and research on the solar system has not yet reached the stage of how we live there and how we do transactions through crypto as Op intended.
October 18, 2021, 12:27:48 PM
the imagination of the OP and all my friends really appreciate it especially for people who talk bitcoin in space.
but your imagination now your imagination is too far, at least until now we can only to the moon and mars. and even then only done for research purposes and people who want to waste money by vacationing there.
imagination is good and no one forbids it but I think your imagination is too far and even if there are those who can live on other planets of course not now or in the next few years maybe even until we are not in the world there is no technology that supports for that matter.
but your imagination now your imagination is too far, at least until now we can only to the moon and mars. and even then only done for research purposes and people who want to waste money by vacationing there.
imagination is good and no one forbids it but I think your imagination is too far and even if there are those who can live on other planets of course not now or in the next few years maybe even until we are not in the world there is no technology that supports for that matter.
October 18, 2021, 10:40:27 AM
Do you think crypto will be the future for payments in space ?
How will they pay people long distance ... from planet A to planet B ?
It could happen in the future but with a note that all countries accept crypto as payment. If that can happen, we will see people can use crypto to pay long distances to order a product or pay something.How will they pay people long distance ... from planet A to planet B ?
But it is too far to think about paying from planet A to planet B. I do not think that it will be like that because we have the different infrastructure for each planet
Yes, I believe it is currently impossible to do so because our technology is not advanced enough to handle such transactions. However, if we say all over the world or country, it is possible because we are all connected and many tech companies have already developed some sort of system. Also, if we are going to be living in space soon, I believe it will be possible because bringing a large sum of money out there is extremely difficult, so online payment is a good idea.
October 18, 2021, 08:11:31 AM
Do you think crypto will be the future for payments in space ?
How will they pay people long distance ... from planet A to planet B ?
It could happen in the future but with a note that all countries accept crypto as payment. If that can happen, we will see people can use crypto to pay long distances to order a product or pay something.How will they pay people long distance ... from planet A to planet B ?
But it is too far to think about paying from planet A to planet B. I do not think that it will be like that because we have the different infrastructure for each planet
Banks have different E payment system so I think this one will be the most favorable to the people since crypto have delays especially when network is congested but hopefully this issues from crypto will have a solution so that the transaction delays will not be the barricade of crypto to be an option in terms of digital payments to merchants. But let see how the government will scale this since for sure there are so many things needed to tackle when we talk about crypto and its adoption.
October 18, 2021, 06:19:54 AM
Do you think crypto will be the future for payments in space ?
How will they pay people long distance ... from planet A to planet B ?
It could happen in the future but with a note that all countries accept crypto as payment. If that can happen, we will see people can use crypto to pay long distances to order a product or pay something.How will they pay people long distance ... from planet A to planet B ?
But it is too far to think about paying from planet A to planet B. I do not think that it will be like that because we have the different infrastructure for each planet
October 18, 2021, 04:15:30 AM
I'd like to imagine those payment methods that we use now will not be a thing of the future. Actually, I would like to think that we won't need methods of payment at all. You see, space travel, at least any serious form of it is still a distant future, as well as is planetary colonization. When we reach the point where private payment of individuals (on a larger scale) could be conducted, we might have very well abolished the concept of money and payments in a future society.
October 18, 2021, 04:09:29 AM
Do you think crypto will be the future for payments in space ?
How will they pay people long distance ... from planet A to planet B ?
How will they pay people long distance ... from planet A to planet B ?
At the moment it seems very unrealistic to have humans life on another planet. Maybe in a hundred years it will look different but even if we could fly to Mars and back, the first people going there would be astronauts and scientists. We just started with commercial space flights for the super rich. The flights are short and of course all inclusive. When it ever comes to inter planetary travel we will probably see similar setups, you have to pay all costs before on earth. And if there was a need to send money to another planet the information would be send with light signals, it's the fastest way.
October 18, 2021, 02:56:50 AM
Sorry OP, but the topic is the edge of schizophrenia. Based on your imagination, why not think about why cryptocurrency or something resembling money on other planets at all?
Start dreaming first about seashells that were used as an exchange on earth, during a certain development of mankind.
I wonder what you ate, what do you think about other planets and life on them?
I want to applaud everyone who supported and continued your fantasies.
At least our community has a sense of humor.
Start dreaming first about seashells that were used as an exchange on earth, during a certain development of mankind.
I wonder what you ate, what do you think about other planets and life on them?
I want to applaud everyone who supported and continued your fantasies.
At least our community has a sense of humor.
October 18, 2021, 01:43:05 AM
Do you think crypto will be the future for payments in space ?
How will they pay people long distance ... from planet A to planet B ?
How will they pay people long distance ... from planet A to planet B ?
Why don't we just colonize come planets,before we start thinking about payments in space.
I think that the human civilization will be capable of colonizing other planets after the year 2100,if the Apocalypse didn't happen before the new century.
Nobody knows what will happen with the cryptocurrencies after 80 or 100 years.Cryptocurrencies might become obsolete by 2100.The human civilization might find other ways to reallocate resources,replacing the market economy and the use of currencies,both fiat and crypto.
I also don't think that the first human colonists would need currencies,when they arrive at a new planet.
October 18, 2021, 12:54:23 AM
This idea is very plausible and is very likely to be the best option for such use cases. Although I can only speculate on when, it really has a huge possibility. The last thing we'd ever need in space are regulations that slows everything down and hinders many things which in turn can be detrimental for progress for the humankind. Man.... I really wish I was born or will be reincarnated in the future to witness mankind's future breakthroughs and achievements!! T_T... Oh well, at keast I had a great childhood.
October 18, 2021, 12:40:28 AM
Do you think crypto will be the future for payments in space ?
How will they pay people long distance ... from planet A to planet B ?
I think this question should be asked first of all to Elon Musk. He is going to colonize Mars and he will somehow pay off with the people who will live there. Most likely, Elon Musk can offer his Dogecoin if his passion for this cryptocurrency is serious. I think that at first there may even be a natural exchange, and then the money will still be needed. We do not yet know what it might be. This will depend on many reasons.How will they pay people long distance ... from planet A to planet B ?
hahaha right, lets wait for Elon Mask to announce if his grand plan for establishing a human settlement on Mars will be successful. If it is possible to live on other planet then that will be the time to realize how can we transact using cryptocurrencies from planet to planet. I hope I am still alive by the time if he could manage to do it but right now lets be realistic.
October 18, 2021, 12:01:15 AM
The world is moving forward with the advancement of technology blockchain technology is taking crypto forward while the universe was still the subject of observation and research, the time that the universe was considered to be the sole purpose of displaying national prestige and military prowess continued for some time. With the advent of satellite and powered flight technology it soon became clear that these technologies could be effective for life on earth and what has become possible, instead has become essential as part of the social activities of the common people on the ground or as part of the military force.
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