Topic: What currency shall human use when colonizing Mars - page 5. (Read 11911 times)
As soon as we colonize Mars and succeed in forming a colony there, of course the internet network is not really stable, so the use of crypto technology cannot be maximized there. Therefore who and which country first set foot on Mars I think that country's currency is the first to be used.
If we colonize Mars, then for the first few years there may not be a stable internet connection. Setting up an internet link with earth (if it is possible) is going to take many years and even if everything goes according to the plan, there may be delays in getting the information across. So I would say that physical cash (most preferably the USD) will be the currency when we colonize Mars.
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
I think it is better to use encrypted currencies, because they are closer to the future, but how can this happen? We have to use encryption in our planet first and agree between countries to recognize and then export it to space. If that happens, what will we buy in Mars ,Will we buy oxygen?? New currency at that time 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
I guess this is a hard debate: perhaps the first nation who would send a successful manned mission to the red planet would have the full rights to establish a colony there and use their own national currency for trades should Mars colonization be ever a thing. I for one think that China and the US would be battling it out on who sends the first mission in there, though with Trump still the POTUS with no plans in making scientific advancements, I guess China will have the edge in here and CNY/RMB would possibly be the official Mars currency (hopefully not.)
Marscoin 
I'm not joking. There is already a currency with that name that was designed to be used in Mars.
Perhaps the use of paper money is difficult in space so it is more likely to be digital currencies. * not be cryptos because of centralization *
I do not think Mars has become a distant dream, let’s think further.
I'm not joking. There is already a currency with that name that was designed to be used in Mars.
Perhaps the use of paper money is difficult in space so it is more likely to be digital currencies. * not be cryptos because of centralization *
Quote from: http://www.marscoin.org/
Several attempts are underway to establish the first human colony on Mars. While technologically not impossible, funding for such a monumental project (estimated at 10-30 billion USD) is a major obstacle. If you share our dream of making that first giant step for mankind a reality, then we invite you to join us.
I do not think Mars has become a distant dream, let’s think further.
It will be real hard to use digital currencies in space - you'd need a method of generating electricity.
If we ever get to Mars, the currency will be bits of some rare Martian rock.
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.
I'm not going to rule crypto out because aforementioned private individuals like, say, Elon Musk probably has the capability to build a community there, claim it, and for some reason decide to use crypto as an official currency. I think it's far more likely for the treaty to be amended once sustaining life there becomes a possibility though, in which case a global superpower or a collection of them could control/claim it. Fiat would almost certainly used in that case.
One thing to consider though, is that crypto used on Mars would have to be based on Mars internet, as the Earth's would likely be impractical due to the distance lol.
I'm not going to rule crypto out because aforementioned private individuals like, say, Elon Musk probably has the capability to build a community there, claim it, and for some reason decide to use crypto as an official currency. I think it's far more likely for the treaty to be amended once sustaining life there becomes a possibility though, in which case a global superpower or a collection of them could control/claim it. Fiat would almost certainly used in that case.
One thing to consider though, is that crypto used on Mars would have to be based on Mars internet, as the Earth's would likely be impractical due to the distance lol.
Marscoin
I'm not joking. There is already a currency with that name that was designed to be used in Mars.
Perhaps the use of paper money is difficult in space so it is more likely to be digital currencies. * not be cryptos because of centralization *
I do not think Mars has become a distant dream, let’s think further.
I'm not joking. There is already a currency with that name that was designed to be used in Mars.
Perhaps the use of paper money is difficult in space so it is more likely to be digital currencies. * not be cryptos because of centralization *
Quote from: http://www.marscoin.org/
Several attempts are underway to establish the first human colony on Mars. While technologically not impossible, funding for such a monumental project (estimated at 10-30 billion USD) is a major obstacle. If you share our dream of making that first giant step for mankind a reality, then we invite you to join us.
I do not think Mars has become a distant dream, let’s think further.
I think this post said it all OP. We already have a currency that is being processed and we are just waiting for people to actually land and have a community there.
Since mars have not been occupied before by human, going to colonize mar will be pourly on the construction and developing mars and not trading yet where currency will be needed, and it all depends on the country who will be the first to take the step to colonize mars to determine the currency that will be used and established in mars future financial development. But I know before then digital currency will be the preferred choice.
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
This is a nonesense question after all. It would be too far to think ahead that human can colonize mars and live in there knowing that the air is not the same air we breathe on Earth. So I would say that it's imposible to have a good answer to your question.
Marscoin
I'm not joking. There is already a currency with that name that was designed to be used in Mars.
Lol. Seriously? This is just a dream basically at present which is why thinking about the currency that they are planning on using is pointless. Even if they choose a currency, why in the world would they choose crypto which many governments don't support on Earth itself? I'm not joking. There is already a currency with that name that was designed to be used in Mars.
Forget Mars. We need to focus on making our planet a better place to live in by improving energy efficiency etc.
It seems like at the first stages of mars colonization people wouldn't have any currency simply because different exchange operations doesn't have #1 priority when you have to build a place where you can survive. They suppose to have enough supplies for that period.
Afterwards everything depends on how it would go, they may establish a new fiat currency or use a currency of a country that colonized mars. Cryptocurrencies are not an option in all cases.
Afterwards everything depends on how it would go, they may establish a new fiat currency or use a currency of a country that colonized mars. Cryptocurrencies are not an option in all cases.
Marscoin
I'm not joking. There is already a currency with that name that was designed to be used in Mars.
Perhaps the use of paper money is difficult in space so it is more likely to be digital currencies. * not be cryptos because of centralization *
I do not think Mars has become a distant dream, let’s think further.
And this is a shitcoin. I'm not joking. There is already a currency with that name that was designed to be used in Mars.
Perhaps the use of paper money is difficult in space so it is more likely to be digital currencies. * not be cryptos because of centralization *
Quote from: http://www.marscoin.org/
Several attempts are underway to establish the first human colony on Mars. While technologically not impossible, funding for such a monumental project (estimated at 10-30 billion USD) is a major obstacle. If you share our dream of making that first giant step for mankind a reality, then we invite you to join us.
I do not think Mars has become a distant dream, let’s think further.
Marscoin
I'm not joking. There is already a currency with that name that was designed to be used in Mars.
Perhaps the use of paper money is difficult in space so it is more likely to be digital currencies. * not be cryptos because of centralization *
I do not think Mars has become a distant dream, let’s think further.
I'm not joking. There is already a currency with that name that was designed to be used in Mars.
Perhaps the use of paper money is difficult in space so it is more likely to be digital currencies. * not be cryptos because of centralization *
Quote from: http://www.marscoin.org/
Several attempts are underway to establish the first human colony on Mars. While technologically not impossible, funding for such a monumental project (estimated at 10-30 billion USD) is a major obstacle. If you share our dream of making that first giant step for mankind a reality, then we invite you to join us.
I do not think Mars has become a distant dream, let’s think further.
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
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