What currency shall human use when colonizing Mars

Vishnu.Reang

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Quote from: befriendmywater on June 05, 2019, 02:27:13 AM

I watched movies about natural disasters, when the earth exploded, the people still brought money to continue spending on Mars. so I think fiat money in countries is still applied normally.
then money matters no longer, the most important issue is to create life in Mars.

but someone can bring anything that they value valuable, and not necessarily fiat money will be useful there, because everything depends on the situation and conditions. just like during a war, where money has no value

Those early pioneers who plan on colonizing Mars will be the citizens of some UN member state, right? In that case, what prevents them from using fiat currency? Unless the territory in Mars declare itself as an independent nation and mints its own national currency, the fiat currencies such as US Dollar and Euro may remain as the preferred mode for payments.

CASTIEL05

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Talking with this today, seems impossible. Why not assure first that we can really be able to live in Mars? Then, we can plan for living there. Our currency in earth value more the fiat than digital currency. Since we started from traditional economy in our history. Who knows that if we will have a chance to live there we can be rich by exploring the hidden minerals esp. Gold

armarsterling7

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Quote from: jinc on April 24, 2019, 02:44:55 AM

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

When all of us transfer to Mars, I think there will be no internet that can help us to exploit coins and electricity, so we cannot meet the transaction and access the website.
There, we actually took many years to rebuild a new earth. We must exploit as workers and seek resources for the new earth. Those are the challenges that we need to overcome before thinking about which currency to use.

befriendmywater

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I watched movies about natural disasters, when the earth exploded, the people still brought money to continue spending on Mars. so I think fiat money in countries is still applied normally.
then money matters no longer, the most important issue is to create life in Mars.

Tylev

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An interesting topic, but not yet timely. When Mars is colonized, the question of money, I think, will not stand at all. In any case, the cryptocurrency is hardly suitable for this. It can be used in a developed society, and in the conditions of its formation, barter or any other common eternal values such as gold, a rare source of energy or something like that will be most suitable.

cryptolord2077

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I doubt that at the initial stages of the colonization of Mars in general any currency would be appropriate. Colonists must have everything they need in free access for the effective accomplishment of their tasks.

indrakusumaindra

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Quote from: jinc on April 24, 2019, 02:44:55 AM

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

well cryptocurrency will be really good to start economy in mars, and i do think stable coins would be a good choices and it will be goes really well in mars.

wahyu wida

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Quote from: jrrsparkles on June 01, 2019, 10:26:07 PM

Quote from: normanz on June 01, 2019, 05:27:17 PM

Bitcoin is the currency of Mars, I think it's too high an imagination, bitcoin will only be a cryptocurrency in the world and it never occurred to me to be used on Mars.

Didn't understand your statement clearly yet.Bitcoin is not the only currency we have and we already have many cryptos and still many digital currency even gold in digital forms so why you think that Bitcoin will be that one.

same as the bitcoin price prediction, which in essence no one knows for sure, maybe he is based on the crypto currency that leads, so he can imagine bitcoin. I read Mars will be visited by mass starting in 2024

jrrsparkles

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Quote from: normanz on June 01, 2019, 05:27:17 PM

Bitcoin is the currency of Mars, I think it's too high an imagination, bitcoin will only be a cryptocurrency in the world and it never occurred to me to be used on Mars.

Didn't understand your statement clearly yet.Bitcoin is not the only currency we have and we already have many cryptos and still many digital currency even gold in digital forms so why you think that Bitcoin will be that one.

normanz

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Bitcoin is the currency of Mars, I think it's too high an imagination, bitcoin will only be a cryptocurrency in the world and it never occurred to me to be used on Mars.

FlightyPouch

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Quote from: Haunebu on April 24, 2019, 03:52:55 AM

Forget Mars. We need to focus on making our planet a better place to live in by improving energy efficiency etc.

Mars is the only habitable planet in the solar system, other than Earth, it is not possible scientist and other people that study this will ever forget or don't mind mars. I've read in the past that if the use of our resources continues, it would be depleted in 2050, it might be a assumption or hypothesis but all we know is that our resources will never stay the same. Even if human created another way for efficient energy, pollution and other things will happen and people will still colonise other planet and Mars is the first one.

Shenzou

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Everyone here is fantasizing and imagining that when people are going to be on mars are going to use cryptocurrency or bitcoin, and they forgot the most important things, A:that going to mars and actually establishing a community there is not going to be until a couple of decades and by then it could be canceled since we don't know if humans technically could live there we just have to experiment with it first, B: going to mars is not going to be cheap, its not like you are going to move up state, its going to be hell expensive we are talking about 6 billion dollars to just bring 4 people up there, and this whole idea was just made to make profit for whoever is going to take on this project and that means that they want actually fiat probably not the actual paper money but bank transfers.

Netnox

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Quote from: googol.star on May 29, 2019, 07:46:33 PM

Mars won't be colonized for probably thousands of years. Too much money for very little benefit.

I am not too sure about that. The first manned mission may happen before 2030. Colonization is very difficult, given the climatic conditions. But as technology advances it may be made a reality. Taking an optimistic scenario, I would say that we may see human colonies in Mars by 2060 or 2070. If you want to think a bit more conservatively, then 2100 is a good target.

A L I E N

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Quote from: Oceat on May 29, 2019, 07:09:53 PM

Quote from: uneng on May 29, 2019, 05:49:06 PM

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.

Suppose, when and IF it happens, and humans decide to live on Mars as well, some other payment systems will be used - everything will be changed. I do not think that it really interests somebody.

emmybd

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I believe the country that establish the colony there first would use the currency of its own liking. It can be United States or China, other are not in the race. It has to be a digital currency.

Theb

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The topic is more political rather then anything related to economics. Most of the outer space projects we see at the current stage are all funded basically everything of the people's basic needs outside our Earth are all covered in order to possibly live there, so I really don't expect anyone to be using any kind of money just so he/she can live in space. If they do chose to have some kind of colony in Mars I do think people who are chosen have to prepay for everything so they all have their expenses covered, now if they are living their for a long time I see them using the fiat money depending on what government's colony are they are into. They won't be using any kind of new money at this stage as there is really no point on messing up the whole system without any purpose of doing so.

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Quote from: beerlover on May 30, 2019, 12:25:12 PM

Quote from: Ozero on May 29, 2019, 02:12:30 PM

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.

We have not completely colonized the earth that was designed for humans by God, it is now mars that we are aiming to colonize. I can see that we are too full in the belly and looking for something to punch it for us. What global catastrophe are you guys dreaming of that will not also affect other planets?

The only catastrophe is that of Armageddon recorded by the Christian which will bring about the doom of human and if you like run to moon then, you will still be affected. So we better focus on how we can make this wonderful planet better and use our cryptocurrency here to the best of our knowledge.

right, very far we think that bitcoin is used for the colonies on Mars later. whereas on earth Bitcoin is still struggling to gain trust to carry out its fun as a currency. I think we should focus more on clear goals

LUCKMCFLY

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I think it can be gold and digital currency bitcoin, I think FIAT money would not apply because it would be somewhat complicated to create banks on a planet where they have very minimal living conditions and require machines for oxygen and have acceptable living conditions to survive, in addition you could send money in Bitcoin from the earth to Mars, taking advantage of the Blockchain technology.

beerlover

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Quote from: Ozero on May 29, 2019, 02:12:30 PM

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.

We have not completely colonized the earth that was designed for humans by God, it is now mars that we are aiming to colonize. I can see that we are too full in the belly and looking for something to punch it for us. What global catastrophe are you guys dreaming of that will not also affect other planets?

The only catastrophe is that of Armageddon recorded by the Christian which will bring about the doom of human and if you like run to moon then, you will still be affected. So we better focus on how we can make this wonderful planet better and use our cryptocurrency here to the best of our knowledge.

Febo

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Quote from: jinc on April 24, 2019, 02:44:55 AM

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

Not the same as on Earth since it takes time that signal come from Earth to Mars.

gantez

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I could have said digital currency but the internet will be a difficult, hence the fiat will still be used initially.

Quote from: Choyor on April 24, 2019, 09:38:18 AM

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.

serjent05

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Quote from: Lanatsa on May 29, 2019, 05:34:03 PM

Quote from: jinc on April 24, 2019, 02:44:55 AM

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

Kimonoe

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Quote from: uneng on May 29, 2019, 07:41:07 PM

Quote from: Oceat on May 29, 2019, 07:09:53 PM

Quote from: uneng on May 29, 2019, 05:49:06 PM

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.

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

googol.star

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Mars won't be colonized for probably thousands of years. Too much money for very little benefit.

uneng

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Quote from: Oceat on May 29, 2019, 07:09:53 PM

Quote from: uneng on May 29, 2019, 05:49:06 PM

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.

Oceat

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Quote from: uneng on May 29, 2019, 05:49:06 PM

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.

uneng

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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.

Irviyandi

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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

Lanatsa

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Quote from: jinc on April 24, 2019, 02:44:55 AM

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

senin

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Quote from: ene1980 on May 29, 2019, 02:32:41 PM

Quote from: South Park on May 02, 2019, 12:49:27 PM

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.

ene1980

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Quote from: South Park on May 02, 2019, 12:49:27 PM

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.

Ozero

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Quote from: South Park on May 02, 2019, 12:49:27 PM

Quote from: Genemind on April 30, 2019, 02:51:38 PM

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.

South Park

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Quote from: Genemind on April 30, 2019, 02:51:38 PM

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.

el kaka22

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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.

Yakamoto

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Quote from: Genemind on April 30, 2019, 02:51:38 PM

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.

Genemind

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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.

South Park

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Quote from: wuvdoll on April 25, 2019, 01:30:45 AM

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.

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Quote from: BeGoods on April 30, 2019, 06:51:35 AM

Quote from: Indamuck on April 25, 2019, 10:53:17 AM

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

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Quote from: Indamuck on April 25, 2019, 10:53:17 AM

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

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Quote from: Sithara007 on April 30, 2019, 04:03:47 AM

Quote from: EdenHazard on April 30, 2019, 01:19:14 AM

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.

Crypto Girl

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Quote from: Haunebu on April 24, 2019, 03:52:55 AM

Forget Mars. We need to focus on making our planet a better place to live in by improving energy efficiency etc.

Ironically, people spending million dollars on studying Mars like if it can really support a life when in fact we can still somehow save the Earth. Just spend those million dollars in rehabilitating the environment and we wouldn't be needing to colonize the Mars. Sorry for the rant and seems like I'm a killjoy. 😂

Either don't care what Elon Musk had said btw.

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Quote from: EdenHazard on April 30, 2019, 01:19:14 AM

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.

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Quote from: EdenHazard on April 30, 2019, 01:19:14 AM

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.

Life on Mars is far from fantasy. According to human physiology, the planet Mars is better suited for us than the planet Earth. Gravity is a bit less there, but it is better suited for us than earth gravity. With age, almost all people have back problems. On Mars, this problem should not be, in any case, on such a huge scale. From 2026, the real colonization of Mars will begin, which should be completed in about twenty years.
As for the currency on Mars, it is still too early to talk about it. In any case, it will not be a cryptocurrency.

EdenHazard

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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.

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Quote from: jinc on April 24, 2019, 02:44:55 AM

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

Try to make a currency free world at least on mars. Cheesy

IMO,it will be fiat currency as well if human can colonize the mars planet in 10 years or sooner,if that happens after than then there will be chance of cryptos to take its place.

tongtong_zz

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Interesting question. I think human will create another alternative currency which maybe different from existing currencies

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Quote from: Haunebu on April 24, 2019, 03:52:55 AM

Quote from: hugeblack on April 24, 2019, 03:46:25 AM

Marscoin Tongue

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?

Forget Mars. We need to focus on making our planet a better place to live in by improving energy efficiency etc.

Nailed it! Let's just leave Mars as healthy as it is now and we should avoid contaminating it with what virus we already have(human greed). If our planet is cleansed one day, we won't be bothering going out there. This is a beautiful world to live in only if we change for good.

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Quote from: wuvdoll on April 25, 2019, 01:30:45 AM

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.

Probably he is beginning to picture how much he will be worth when the bull run comes and his investment would be too much for the earth to hold that he has to transfer some to the Mar, he is just trying to seek opinions, lol.

We are still working so hard to create the airiness necessary on earth to get full adoption which we are yet to even achieve 5% of it, and now he wants us to focus on Mars, there are so many point to be discussed about cryptocurrency as regards the adoption of the currency on earth and other planets function should not be our concern, the earth is what God has created for men, let the aliens in Mars look for a solution to theirs if they exist as people claim.

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Quote from: Crypdon on April 25, 2019, 02:54:40 AM

I'm sure that the people living in mars will be homesick eventually and start to trade in memorabilia items. They might even use US dollars just to remind them of earth

US Dollar can be used in Mars, as long as physical cash is the format. I don't think that we'll be able to use online modes such as Paypal and Visa anytime soon due to data transfer issues. That said, there is a strong chance that any upcoming colonies in Mars will be much tempted to print their own currency rather than depending on the currencies that are being used here. Gold is another asset that can be used as cash.

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Quote from: Cacingkemi on April 25, 2019, 11:19:33 AM

I think cryptocurrencies are suitable for use on Mars, digital currencies will not be burned by water or damaged. I wonder why want explore to the Mars while we on earth are good and beautiful enough, IMO the earth is very perfect Wink

.

Do not forget that in order for Mars to have a cryptocurrency, there must at least be the Internet. For this you need to launch artificial satellites. I do not think that this will be the primary task for the colonialists of Mars in the period of the struggle for their survival on an alien planet. While it is difficult to say what kind of money will be there, however, it will not be a cryptocurrency and they will appear there in the later stages of the exploration of Mars.

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Quote from: Indamuck on April 25, 2019, 10:53:17 AM

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.

The Star Trek model is based on "infinite energy" by the matter/antimatter power generation that made the "replicators" possible. If this is ever attainable, it will be centuries away.

It is also hierarchy military based, so I'm not sure how well it could last. Certainly the part of being contacted by alien civilizations played a role there.

In reality i doubt we will ever be contacted for various reasons but if that ever occurred anything we say here changes.

To reach that level, we would need to spend enormous amounts in research and resources. Not before we treat our solar system like our playground, so called "Level II" on the Kardashev scale.

For starters, the minuscule LHC is unsuitable. We need planet orbit sized particle accelerators... We are going to have Mars inhabited and probably terraformed already before we manage to build one of these, and its corresponding dyson ring or whatever is needed to power it.

Cacingkemi

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I think cryptocurrencies are suitable for use on Mars, digital currencies will not be burned by water or damaged. I wonder why want explore to the Mars while we on earth are good and beautiful enough, IMO the earth is very perfect Wink

.

Indamuck

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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.

iv4n

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I'm afraid it's going to be USD again. The reason is the US is the country who invest the most in Mars's exploration and I gusee the US dollar is going to be the first currency used on Mars.
Meanwhile I do not except that in some time there will be made a deal in use of some special currency. Let's call it Mars coin. I believe it's going to be made on base of bitcoin and will have digital form.

CoinEraser

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Before you need a currency on mars, many other problems have to be solved first. I think the first 50 or 100 years will not be necessary at all, because there will be hardly any raw materials and resources to buy or sell. Nevertheless, it would be good if there was only one currency on mars and all nations agreed on it. If it should be then sometime in distant future in such a way, I think however, it will be a cryptocurrency, since surely no one will begin to trade with old fiat money on the mars.

sana54210

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Before the colonization of Mars can become a reality, that is if it will see the light of the day, Bitcoin would have eaten deep into the soul of every human being like a cancer worm and the only digital payment that will be widely used then will be cryptocurrency.

So, absolutely it is going to be cryptocurrency idea that will be transferred by the people that desires to live in the Mars since they are tired of the earth, because I don’t see reason why the Mars should be colonized and I can see that you like listening to all these fantasies a lot. Kindly wake up from the dream, it will never happen.

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Quote from: jinc on April 24, 2019, 02:44:55 AM

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

For now this might be the first time going to Mars. I think tifak money will be useful there or cryptocurrency and if it has repaired and digitized Mars for future cryptocurrency changes, it will be very suitable for that, do not get too far in thinking LOL of the future after the earth cannot stem the chaos created by humans themselves.

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I'm sure that the people living in mars will be homesick eventually and start to trade in memorabilia items. They might even use US dollars just to remind them of earth

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Quote from: Xising on April 25, 2019, 02:22:59 AM

Quote from: Beerwizzard on April 24, 2019, 03:49:18 AM

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.

Quote from: hugeblack on April 24, 2019, 03:46:25 AM

Marscoin Tongue

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.

And this is a shitcoin.

I agree. I don't think that there is relevance with talking about currency in the colonizing Mars at its current stages since survival and a way of finding to thrive is the priority. Also, for all we know, the entity that would send the first humans to Mars are sponsored by one big company or many a join projects of several ones, if not, funded by one country in their belief that space race is the new ground that would prove their prowess in technology and overall wealth and economic strength to others. However, if there comes a time that Mars will have its own economy, I think they would first look on the more reliable and trusted options more than cryptocurrencies.

talking about currencies on Mars, of course there must be a colony first on that planet. now it may still be the research stage, and I think the development will be slower than crypto. therefore I agree, of course there will be more sophisticated currencies

Xising

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Quote from: Beerwizzard on April 24, 2019, 03:49:18 AM

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.

Quote from: hugeblack on April 24, 2019, 03:46:25 AM

Marscoin Tongue

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.

And this is a shitcoin.

I agree. I don't think that there is relevance with talking about currency in the colonizing Mars at its current stages since survival and a way of finding to thrive is the priority. Also, for all we know, the entity that would send the first humans to Mars are sponsored by one big company or many a join projects of several ones, if not, funded by one country in their belief that space race is the new ground that would prove their prowess in technology and overall wealth and economic strength to others. However, if there comes a time that Mars will have its own economy, I think they would first look on the more reliable and trusted options more than cryptocurrencies.

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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.

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Quote from: hugeblack on April 24, 2019, 03:46:25 AM

Marscoin Tongue

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.

Netnox

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Quote from: Spaffin on April 24, 2019, 02:20:00 PM

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.

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.

traderethereum

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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.

NavI_027

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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.

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Quote from: jinc on April 24, 2019, 02:44:55 AM

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.

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Quote from: jinc on April 24, 2019, 02:44:55 AM

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

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.

imstillthebest

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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 .

MakeMoneyBtc

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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.

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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. Cheesy

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.

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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.

munareal

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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.

Spaffin

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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.

hatshepsut93

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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.

Kevin77

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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.

goaldigger

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Quote from: jinc on April 24, 2019, 02:44:55 AM

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

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.

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Quote from: hugeblack on April 24, 2019, 03:46:25 AM

Marscoin Tongue

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.

Quote from: Adriano2010 on April 24, 2019, 11:26:49 AM

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.

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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.

shield132

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Quote from: jinc on April 24, 2019, 02:44:55 AM

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

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.

LeGaulois

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Quote from: Ranly123 on April 24, 2019, 04:08:29 AM

...

You could be surprised by what the organizations/nations are doing in R&D. In 10 years Humans will be there.

Quote from: jseverson on April 24, 2019, 04:55:05 AM

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?

Choyor

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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.

Netnox

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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.

markstivn98

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Quote from: jinc on April 24, 2019, 02:44:55 AM

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

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

dothebeats

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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.)

alyssa85

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Quote from: hugeblack on April 24, 2019, 03:46:25 AM

Marscoin Tongue

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.

jseverson

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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.

alisafidel58

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Quote from: hugeblack on April 24, 2019, 03:46:25 AM

Marscoin Tongue

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.

okala

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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.

Ranly123

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Quote from: jinc on April 24, 2019, 02:44:55 AM

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

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.

Haunebu

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Quote from: hugeblack on April 24, 2019, 03:46:25 AM

Marscoin Tongue

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?

Forget Mars. We need to focus on making our planet a better place to live in by improving energy efficiency etc.

Beerwizzard

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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.

Quote from: hugeblack on April 24, 2019, 03:46:25 AM

Marscoin Tongue

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.

And this is a shitcoin.

hugeblack

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Marscoin Tongue

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.

jinc

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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

Topic: What currency shall human use when colonizing Mars (Read 11911 times)