Topic: Do you think crypto will be the future for payments in space ? - page 4. (Read 447 times)
If cryptocurrency won't be the means for payment then fiat may not be. People in different planet AB or C will require a payment system that will be decentralised, not limited by any individual regulation, universal and free from control , these are the attributes of cryptocurrency led by bitcoin. If the planet will require a free transaction that is encrypt in the blockchain where everyone sees transaction A and B then cryptocurrency can be the best adapted with space.
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 ?
We'll need a slower blockchain for that though.
It could take anywhere from 3 to 23 minutes toget a signal there travelling at the speed of light (depending on orbit). So you'd need a block time og at least 30 minutes to ensure you don't keep orphaning the chain - a more realistic or worthwhile time would be around the 4 to 6 hour mark imo too. If you're going further than Mars, you'd need even longer. It might just be better to rely on a centralised system.
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 ?
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