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.
Topic: What currency shall human use when colonizing Mars - page 4. (Read 11952 times)
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Lol, how about BitMars, sounds more attractive to me. No doubt if the human race ever colonized Mars the use of an electronic money should be the best option since we all know the world is going digital but I think just for the bragging purpose, the current fiat currency of the country that do succeed in starting the colonization will love their currency to be used.
The colonization of Mars should begin in 2025. This year, the necessary cargo will be sent to Mars, which will fly to Mars for about a year. As soon as the cargo is delivered, the first colonizers of Mars will fly out. They will fly at a speed of 7.9 kilometers per second for about a year. Take with them supplies for two years, until the next delivery of products. Water will be extracted on site. Colonization will take about 20 years. So everything is absolutely real.
At first there will be no money, everyone will work together for survival. In the future, everything will depend on the effectiveness of colonization. I think that first there will be barter, then there will most likely be your money. Cryptocurrencies there in the next few decades will not be accurate.
At first there will be no money, everyone will work together for survival. In the future, everything will depend on the effectiveness of colonization. I think that first there will be barter, then there will most likely be your money. Cryptocurrencies there in the next few decades will not be accurate.
I agree with some of your points. During the initial stages, they might have to depend upon barter. Later on, once the infrastructure is established, they can create cryptos which will be used only in Mars. I don't think they can use the same cryptos which are in use here, since the data transmission issues will be present.
Mars? It's still far away from now, and we don't know when we can live on Mars. I cannot imagine anything right now.
But I think we will have one currency to use for the transaction and I think that will be a new form and different than the other payment system that we know.
The OP has a big imagination, but that could be possible to happen in the future.
But I think we will have one currency to use for the transaction and I think that will be a new form and different than the other payment system that we know.
The OP has a big imagination, but that could be possible to happen in the future.
Crypto no doubt about that but I can feel that there are still chances that fiat will also be implemented, here's my perspective. Assuming that we now already started a colony in Mars, of course currency is not yet necessary because there's no need for using it since it will only circulate to a small unit of people (nonsense right?) and besides humanity will surely focus first on establishing basic needs such as food, shelter, etc. But as the colony expands, there should be now a means of tarding then that's the time I think crypto will enter. Why crypto? It is because fiat is made of paper and paper is a very vital resources on that planet, of course they surely don't want to waste it just for making fiat because there are so many things more important than that. However,if mankind able to make Mars like our own planet, with forests and bodies of water — lots of resources — then they will now probably consider fiat as an option to avoid congestion in the blockchain which helps them to maintain the fast quality transaction.
Ps: this is only my own opinion.
Ps: this is only my own opinion.
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?Logically its own planetary coin, hopefully inspired by Bitcoin. I don't know if they will be fool enough to make some fiat, but whatever they do, it probably has to be their own. Because its impractical to move coins between the planets. People here complain for 10mins transactions, but communications to Mars can nearly lag an hour, that is, 24 minutes one way, 24 minutes to receive the answer (ie. 48min ping).
Mars Rover Curiosity touchdown – and you think you’ve got latency issues!
Yes, 100 years into the future sounds reasonable, or by the time the last bitcoin gets minted.
The first humans on mars won't be "settlers", but more like temporary bases not unlike those in Antartica, completely depending from home. In fact i posted elsewhere that i think it makes more sense to build an orbital station, and move it to the Mars orbit first, to start the ground work remotely (but not all the way back to Earth) before the first humans can arrive on ground. Its still cheaper and easier to move to the Mars orbit than landing. This station should have its own artificial gravity, perhaps matching that of Mars (or something between mars and earth) to help acclimate humans while they work from there to control the probes on the ground and build the future habitats.
The first black hole picture reminds me Elon Musk's quote
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
It is an interesting question but humans have failed to colonize the moon which is a lot closer, so at best I see mars being colonized in a few centuries, and even at that point I do not see them using money since the first colonizers will have to support each other just to survive, but if I were to guess they will need to use some kind of digital currency and most likely they will need to use a currency native to mars and not one that exist already on earth. 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
If its true that mars can be a second home for humans and the transfer of habitat is succeful i think there will still be banks and other establlishments that will be built same as what we have on our earth . fiats/local currency are still the one that people will prioritze to use but of course cryptos will still be available because internet will still be active .
We are still waiting for Mars to be colonized so it's way to early to talk about what currency human should use there. Surely for a very long time Mars will be restricted only for a very few people and those are surely not going to need money since they don't even know how life is going to be there. And even if we are talking about people paying to visit Mars, the payment will be made on Earth and they will get everything they need on Mars but as I said we are thinking into the future now.
There might be already some study on seeing mars is a potential vacate place for human kind but i dont believe that would happen to early.
Why would bother too much? I do even see that this wont happen on our lifetime.
Answering the topic,everything would be cashless tx on future but we wont sure if we do still make use of e-fiat or crypto.No one knows.
Why would bother too much? I do even see that this wont happen on our lifetime.
Answering the topic,everything would be cashless tx on future but we wont sure if we do still make use of e-fiat or crypto.No one knows.
The "currency" used by colonists on Mars will not manifest until long after the scientific segment of the colonization has ended. Initially, it will be more like how we currently view the ISS, with astronauts living on a space station and supplies provided by Earth-Station rockets. Once companies start to invest in the planet, or it somehow becomes self-sufficient, only then will there be a currency on the planet. Unfortunately, if companies are the big investor, then the primary currency will almost undoubtedly be company scrip, especially if the company has to ship goods to the planet on the regular in order to maintain the company. I'm trying to be realistic with that.
Assuming that the planet gets its own independent government, chances are it will have a currency that mimics the ones we currently have on Earth. Maybe we'll get lucky and there'll be a push for cryptos to be used, but it all depends on the attitudes and expertise of the colonists. A majority likely won't care, sadly.
Assuming that the planet gets its own independent government, chances are it will have a currency that mimics the ones we currently have on Earth. Maybe we'll get lucky and there'll be a push for cryptos to be used, but it all depends on the attitudes and expertise of the colonists. A majority likely won't care, sadly.
If the planet Mars is colonized the currency that will be used there will be the cryptocurrency. We are in the technology era with planet earth seeing the use of cryptocurrency though currently at the infancy stage . By the time Mars will be occupied cryptocurrencies will be in full utilization on earth and a continuation over there.
The colonization of Mars should begin in 2025. This year, the necessary cargo will be sent to Mars, which will fly to Mars for about a year. As soon as the cargo is delivered, the first colonizers of Mars will fly out. They will fly at a speed of 7.9 kilometers per second for about a year. Take with them supplies for two years, until the next delivery of products. Water will be extracted on site. Colonization will take about 20 years. So everything is absolutely real.
At first there will be no money, everyone will work together for survival. In the future, everything will depend on the effectiveness of colonization. I think that first there will be barter, then there will most likely be your money. Cryptocurrencies there in the next few decades will not be accurate.
At first there will be no money, everyone will work together for survival. In the future, everything will depend on the effectiveness of colonization. I think that first there will be barter, then there will most likely be your money. Cryptocurrencies there in the next few decades will not be accurate.
If it will happen in the next 50-100 years, they will probably use the US dollar and/or currency of whatever country will be the most represented in the colony. Since there will be some slow interplanetary communication, people will probably also use Visa or whatever payment processor people will use in the future. Also, people will establish a separate internet network on mars, so it means local payment processors that might or might not be synced with Earth. And if Mars will have a sovereign country or countries, there will probably be some new fiat currencies.
But as for Bitcoin, it's so hard to make predictions, we still don't know if it ever will be mass adopted or will exist in 100 years, so it's impossible to say if it will be used on Mars or not.
But as for Bitcoin, it's so hard to make predictions, we still don't know if it ever will be mass adopted or will exist in 100 years, so it's impossible to say if it will be used on Mars or not.
I don't think that is a question for another 100 years unfortunately, the speed we build these rockets and how cheap they are getting I am sure people will go to mars in the next 10 years but even if we go to mars than the first people who are building a place there needs to just build stuff together which would require no currency at all. In order for a currency to be used we need to be there for a long time and actually build a civilization and that is really not that soon, we can't even send people to mars yet and to think going there and building a whole life that would eventually require currency must be really difficult and that is why I think it will take at least 100 years.
When it comes down to it I think a new currency for martian people should be built, of course with blockchain but a totally new one if you ask me, definitely purely digital with no cash involved as well.
When it comes down to it I think a new currency for martian people should be built, of course with blockchain but a totally new one if you ask me, definitely purely digital with no cash involved as well.
The first black hole picture reminds me Elon Musk's quote
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
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
When the time comes that we have already colonizes mars, im sure our technology that time would be a hundred times better than now. That means that all are we transacting for is more likely paperless including the monetary system. Fiat will no longer be used in mars.
Marscoin 
I'm not joking. There is already a currency with that name that was designed to be used in Mars.
Very wise move from them. If the coin survives until Mars is a habital planet, all bagholders of Marscoins can be rich. But I just had a look at coinmarketcap and it's a big inacive shitcoin. I'll go for Doge as cryptocurrency for Mars. I'm not joking. There is already a currency with that name that was designed to be used in Mars.
Well i don't think will happen, i mean Mars colonization, and i also don't think they will need crypto there first time, maybe they will need a long time to set up internet on Mars and can use crypto.
You don't know, technical things are developing fast and I can imagine that there will be a time when Mars colonization will be technical possible, it's another thing if it's necessary.
Well i don't think will happen, i mean Mars colonization, and i also don't think they will need crypto there first time, maybe they will need a long time to set up internet on Mars and can use crypto.
The first black hole picture reminds me Elon Musk's quote
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
To be fair we are talking about a thing that still may take decides but there is no need for it to be cryptocurrency, it can easily be any plastic card, gadget or etc, any current digital alternative of cash. By the way, at first we had silver/gold, then paper money, then digital money, now - cryptocurrencies, what will be next? There will be something because human's creativity is unlimited and maybe this next thing will be used on Mars. 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
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You could be surprised by what the organizations/nations are doing in R&D. In 10 years Humans will be there.
No nation can really claim anything in space as their territory as stated in the Outer Space Treaty, but I imagine things will change once Mars actually becomes inhabitable. Interestingly though, it doesn't seem to say anything about private individuals.
This.
And to add...
They are not interested in establishing populations there (except for a few fools who have the financial means to pay for completely crazy projects). Their sole purpose is to exploit the natural resources.
One of the questions that arise is: what individual freedom on Mars? who should decide? Since governments can't claim anything we are supposed to decide ourselves. Could be the anarchy too maybe?
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