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Topic: What currency shall human use when colonizing Mars - page 2. (Read 11952 times)

full member
Activity: 1736
Merit: 121
I could have said digital currency but the internet will be a difficult, hence the fiat will still be used initially.

Therefore who and which country first set foot on Mars I think that country's currency is the first to be used.

Not so all the time that first inhabitants are the dominators, do remember there are warfares and conquest  Grin that will turn things around.
legendary
Activity: 3052
Merit: 1281
Get $2100 deposit bonuses & 60 FS
The first black hole picture reminds me Elon Musk's quote

Quote
   Mars should really have great bars.

It made me wonder what currency shall we use in that bar on Mars. Will it be fiat or cryptocurrency? Will there be a heated fight whether the bar tender shall accept USD or RMB? Is there an ATM for converting AUD to BTC?

Full article is https://support.jinance.com.au/hc/en-us/articles/360000906595-What-currency-shall-human-use-when-colonizing-Mars
First this is Total BS!
Second this should be put up on Off-topic i guess.

Before stressing yourself out on what coin would be use up on Mars,it would be much better if we do think first on how to transfer all the humanity on that planet
which is more important rather than thinking way too ahead of things.  Grin

Furthermore,  earth people should have actually visited the moon.   All those first step on the moon news are bs.  People at NASA never reached the moon what more the Mars.  NASA had been lying to the citizen of the world.  So I guess this discussion is a total waste of time.  Lucky I am the one love wasting my time in this kind of topic   Tongue.

Anyway just for read:

Quote from: RandomChristianMusings
@Dan White   Right?! Check out the young, male NASA astroNOT admitting we can't get through the Van Allen belts, and that's the primary challenge they're facing NASA's Orion Project. Also, astroNOT Don Pettit says NASA "Destroyed the technology that got man to the moon..." My husband video taped our son's birth 30 years ago, and we guard that VHS tape with our lives! Man's greatest achievement of all time, and NASA DESTROYS IT??! btw-I'm Jewish, and the Hebrew word for "to deceive" or "to lie"is NASA!

Check this documentary which is indirectly admitting that they really did not reached  the moon.
https://www.youtube.com/watch?v=4O5dPsu66Kw
member
Activity: 700
Merit: 10
Mars is going to be colonized by a private business, so this business owner will choose what currency they will use there.
They will probably create a centralized crypto stablecoin to use it in Mars, same as Facebook is doing. I say that because I doubt they will adopt a volatile currency in a colony where people need it to buy things daily. Furthermore, a decentralized currency could be used by other people from outside Mars, rivals to sabotage the colony economy.
Living on Mars would be expensive since it is not really that habitable with the current situation of that planet. Colonizing it is just like living in space since the method of living like a normal being you need some equipment and that would be expensive too. Whatever currency they may have used it still doesn't matter since no one would live a life on there with the given resources on Earth.
It will take some time yet, but sooner or later it will be possible to live in Mars (Elon Musk wants to send the first humans to Mars by 2024). As you said, it's not possible to live there without the resources we have disponible here in Earth, and that is the challenge: to produce the necessary resources in Mars through an artificial method, taking advantage from technology.

Once this happen, and a colony stabilizes there, they can start thinking about the local currency. Smiley
yes, of course you must be prepared in advance the supporting facilities and infrastructure there, so that if there are colonies and economic development, cryptocurrency can be involved
newbie
Activity: 71
Merit: 0
Mars won't be colonized for probably thousands of years. Too much money for very little benefit.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
Mars is going to be colonized by a private business, so this business owner will choose what currency they will use there.
They will probably create a centralized crypto stablecoin to use it in Mars, same as Facebook is doing. I say that because I doubt they will adopt a volatile currency in a colony where people need it to buy things daily. Furthermore, a decentralized currency could be used by other people from outside Mars, rivals to sabotage the colony economy.
Living on Mars would be expensive since it is not really that habitable with the current situation of that planet. Colonizing it is just like living in space since the method of living like a normal being you need some equipment and that would be expensive too. Whatever currency they may have used it still doesn't matter since no one would live a life on there with the given resources on Earth.
It will take some time yet, but sooner or later it will be possible to live in Mars (Elon Musk wants to send the first humans to Mars by 2024). As you said, it's not possible to live there without the resources we have disponible here in Earth, and that is the challenge: to produce the necessary resources in Mars through an artificial method, taking advantage from technology.

Once this happen, and a colony stabilizes there, they can start thinking about the local currency. Smiley
sr. member
Activity: 2506
Merit: 368
Mars is going to be colonized by a private business, so this business owner will choose what currency they will use there.
They will probably create a centralized crypto stablecoin to use it in Mars, same as Facebook is doing. I say that because I doubt they will adopt a volatile currency in a colony where people need it to buy things daily. Furthermore, a decentralized currency could be used by other people from outside Mars, rivals to sabotage the colony economy.
Living on Mars would be expensive since it is not really that habitable with the current situation of that planet. Colonizing it is just like living in space since the method of living like a normal being you need some equipment and that would be expensive too. Whatever currency they may have used it still doesn't matter since no one would live a life on there with the given resources on Earth.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
Mars is going to be colonized by a private business, so this business owner will choose what currency they will use there.
They will probably create a centralized crypto stablecoin to use it in Mars, same as Facebook is doing. I say that because I doubt they will adopt a volatile currency in a colony where people need it to buy things daily. Furthermore, a decentralized currency could be used by other people from outside Mars, rivals to sabotage the colony economy.
full member
Activity: 532
Merit: 101
Is this a joke?
 Maybe your topic is not right when applied on the economic board, in my opinion
 And I also think about what currency is on Mars while the rest do not have life like on earth and if there is no life for what currency, certainly no one does the transaction there
hero member
Activity: 2968
Merit: 687
The first black hole picture reminds me Elon Musk's quote

Quote
    Mars should really have great bars.

It made me wonder what currency shall we use in that bar on Mars. Will it be fiat or cryptocurrency? Will there be a heated fight whether the bar tender shall accept USD or RMB? Is there an ATM for converting AUD to BTC?

Full article is https://support.jinance.com.au/hc/en-us/articles/360000906595-What-currency-shall-human-use-when-colonizing-Mars
First this is Total BS!
Second this should be put up on Off-topic i guess.

Before stressing yourself out on what coin would be use up on Mars,it would be much better if we do think first on how to transfer all the humanity on that planet
which is more important rather than thinking way too ahead of things.  Grin
full member
Activity: 938
Merit: 137
You are the one that is too limited in your imagination, every single thing that you see around you was at some point thought to be impossible and the only reason those things exist is because someone refused to believe it was impossible to create them, colonizing Mars may seem to be impossible today with our current technological level but in a few centuries it could be possible and this could happen even sooner if there is an international effort to do it if the resources of our planet begin to run out.
To imagine on those levels you have to be either a billionaire and not everyone have the opportunity to be born with a silver spoon, colonizing mars is a good concept but up to what extent will in be a reality to stay there is the real question, you can visit mars if you have billions in your pocket and in the next twenty years you might even see tourists being take to outer space, but colonizing another plant is a distant fantasy.
This is the business of the next thirty, a maximum of fifty years. I think that we will find a lot of useful things on Mars, besides a lot of water. There is a hypothesis that people moved to Earth from Mars when there were problems with living there. Mars gravity is much easier to transfer to our spine. With age on Earth, almost everyone feels this problem.
But until cryptocurrency there, most likely, for a long time will not reach hands of immigrants. First, there will be on the first place questions of practical survival.
hero member
Activity: 2002
Merit: 535
You are the one that is too limited in your imagination, every single thing that you see around you was at some point thought to be impossible and the only reason those things exist is because someone refused to believe it was impossible to create them, colonizing Mars may seem to be impossible today with our current technological level but in a few centuries it could be possible and this could happen even sooner if there is an international effort to do it if the resources of our planet begin to run out.
To imagine on those levels you have to be either a billionaire and not everyone have the opportunity to be born with a silver spoon, colonizing mars is a good concept but up to what extent will in be a reality to stay there is the real question, you can visit mars if you have billions in your pocket and in the next twenty years you might even see tourists being take to outer space, but colonizing another plant is a distant fantasy.
full member
Activity: 2142
Merit: 183
What's the sense of having a currency in colonizing Mars? Do you really think that we could colonize that planet? You have a broad imagination and I guess that's too impossible to happen. Focus on your planet and think of good coins which you could have and hold here for you to have a better life when the bull runs. There are still lots of things that are yet to happen here, you should focus on the reality.
You are the one that is too limited in your imagination, every single thing that you see around you was at some point thought to be impossible and the only reason those things exist is because someone refused to believe it was impossible to create them, colonizing Mars may seem to be impossible today with our current technological level but in a few centuries it could be possible and this could happen even sooner if there is an international effort to do it if the resources of our planet begin to run out.
The colonization of Mars is very real and necessary. Humanity now needs to think about a reserve habitat in case of a global catastrophe on planet Earth. In addition, it is not as difficult as it seems at first glance. Recently, on Mars, under a layer of dust, ice deposits have been discovered, which, if melted, would be enough to cover the planet Mars to a height of one and a half meters with water. This will greatly simplify the colonization of this planet.
As for cryptocurrency, it is unlikely to be among the primary issues in the colonization of Mars in the next fifty years.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
What's the sense of having a currency in colonizing Mars? Do you really think that we could colonize that planet? You have a broad imagination and I guess that's too impossible to happen. Focus on your planet and think of good coins which you could have and hold here for you to have a better life when the bull runs. There are still lots of things that are yet to happen here, you should focus on the reality.
You are the one that is too limited in your imagination, every single thing that you see around you was at some point thought to be impossible and the only reason those things exist is because someone refused to believe it was impossible to create them, colonizing Mars may seem to be impossible today with our current technological level but in a few centuries it could be possible and this could happen even sooner if there is an international effort to do it if the resources of our planet begin to run out.
legendary
Activity: 3710
Merit: 1170
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You do not understand what mars could be and how fast we are improving on transportation. Obviously it makes no sense to create a community in mars right now considering we can't even send humans right now and even if we can try and succeed it will take a lot of time to settle there and all that. However think about 50+ years from now when transporting someone from earth to mars (or vice versa) will become much cheaper and much easier and mars could be turned into earth like planet where everyone could live with some habitat just like earth.

I know its a dirt planet right now but if they can build some atmosphere and plant trees and all that it will become a regular planet like ours which than will become something quite easy to live on to. Do not think how things are today but think how it can be in the future and mars is a great solution for population problem.
legendary
Activity: 1218
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What's the sense of having a currency in colonizing Mars? Do you really think that we could colonize that planet? You have a broad imagination and I guess that's too impossible to happen. Focus on your planet and think of good coins which you could have and hold here for you to have a better life when the bull runs. There are still lots of things that are yet to happen here, you should focus on the reality.
it's entirely possible to colonize other planets with current technology. If we were investing more into R&D for experimental scientific projects, I almost guarantee that we would have technology far beyond that required to colonize Mars. We could probably start reaching out to asteroid colonies at that point, all we need to do is find efficient methods of space travel. If ion drives can be proven to work, far-flung colonization may be viable. It all comes down to how much we're willing to invest into new tech, because almost everything is possible with enough energy. Eventually, technology will become so advanced that it will almost be indistinguishable from magic. You could notionally convert matter into energy (and potentially back again) with enough of an energy investment. Once we can reliably run fusion reactors, we're basically ready to colonize planets because we can fuel ships from the moon and water-containing asteroids (hydrogren fuel cells).

Earth is dying, slowly, and it won't be possible to maintain humanity here forever on the limited resources we have on the planet alone. Going to the stars is a necessity. All resources are finite, we just need to go further to access more of them. That's where space colonization comes in.
sr. member
Activity: 1596
Merit: 335
What's the sense of having a currency in colonizing Mars? Do you really think that we could colonize that planet? You have a broad imagination and I guess that's too impossible to happen. Focus on your planet and think of good coins which you could have and hold here for you to have a better life when the bull runs. There are still lots of things that are yet to happen here, you should focus on the reality.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
I can't really believe anyone would be talking about life on Mars, when you haven't made the Earth you're living in a better place. There are lots of things that has to be done and no one is talking about Mars right now, this one is just a fairy tale because it is not going to happen anytime soon.

Yes, there is every possibility that people will be visiting Mars, but not for them to live there. I just don't believe all those wack stories that people wants to go and live in Mars. No one has that time and money, except maybe rich men that would like to be visiting there by any cost and for them bitcoin or other cryptos will not be a big concern. If Mars will be raised by a government which believes into decentralization then we may expect bitcoin to be a currency there.
That is precisely the reason why humans need to colonize other planets or at least to create some space stations where humans can live, if history is any indication it seems that it is impossible for humans to live in peace since they always find some reasons to fight each other, but in our current era that is dangerous since the power of the weapons governments have has grown exponentially so we need a human presence in other parts of the universe to avoid our extinction.
full member
Activity: 428
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chenille!
It will be like Star Trek and there will be no currency, this is so far in the future though, we will have automation and resources we can't even dream of.
I think so, in my opinion we think too far by colonizing Mars and thinking about the currency there. I think expeditions and colonizing Mars will probably happen in the future, and while we don't know what currency we will use in the future? is it still fiat or not
Why not thinking about (very unlikely) things. We all know it will take huge efforts, a long time and very good tech to colonize Mars even if it's far away. And furthermore I think the question was a little bit a joke like "when moon" so "when mars" is the next thing happening.  Cheesy
The currency will be one of the less important things when colonizing Mars.  Wink
legendary
Activity: 1372
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It will be like Star Trek and there will be no currency, this is so far in the future though, we will have automation and resources we can't even dream of.
I think so, in my opinion we think too far by colonizing Mars and thinking about the currency there. I think expeditions and colonizing Mars will probably happen in the future, and while we don't know what currency we will use in the future? is it still fiat or not
hero member
Activity: 1120
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Living on mars just an imagination IMO. Earth just one plannet that can be lived by human, if earth already destroyed maybe there is no human who live in this world. Just expect cryptocurrency can be use by people on earth now, there are many chance to do it. Regulation just for a momment, government will look cryptocurrency as alternative payment system because it will help them.

You have a valid point. Why should anyone try to settle there? We have enough space on earth and now the human population growth is also slowing down. It is extremely expensive to create human settlements in Mars, as it doesn't have enough oxygen in the atmosphere or Ozone layer to protect the inhabitants from harmful solar radiation. Mars can be used as a temporary outstation, from where research activity and space-launches can be conducted. But creating permanent human settlements doesn't make any sense.  
People doesn't stop exploring; living in the Mars is one way of doing it. Although we can say that we have enough resources here, it would still be better if we can know what is life to other planets wherein orgnisms are able to live.
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