Could we use btc for transactions between planets?

19 replies 295 views
moon51Member
Posts: 9 · Reputation: 133
#1Aug 22, 2020, 09:16 PM
Just a thought... do you think that in the distant future btc could be used to transfer money between planets, like from Earth to Mars? Is that really even feasible? Considering the time delays and the lack of a global government or system in space, how would that work? Would we need a separate blockchain for each planet? I know it's all hypothetical for now, but I'm curious to hear what others think.
6 Reply Quote Share
darkviperFull Member
Posts: 112 · Reputation: 392
#2Aug 24, 2020, 07:07 PM
Blockchain has no boundaries and limits for transactions, you can be in the deepest part of the earth be it another planet provided you have Internet connectivity you would definitely receive your coin at the right confirmation time, you transactions doesn't pay flight ticket neither does it pay for a taxi to move to the next country to confirm in someone wallets. So, there would be no need for creating separate blockchain for Mars, all you just need is for there to be habitable, which means can have All human needs to survive including network then transactions would have no boundaries.
1 Reply Quote Share
whale365Senior Member
Posts: 120 · Reputation: 847
#3Aug 25, 2020, 01:11 AM
If someone will accept it in some distant planet then why not? As we all know, we just need a internet to link everything up. And so maybe in the future there will be far more advance communications between Earth and some other planets and obviously Bitcoin could adapt as well. Although it sounds like a science fiction to be honest. But who knows, we all understand that the last Bitcoin could be mined till 2140 give or that so maybe that time, we are far more advance of today that communications and travels between planets are possible.
0 Reply Quote Share
maxi2017Senior Member
Posts: 262 · Reputation: 1550
#4Aug 25, 2020, 05:06 AM
I dont see why time lag would be a problem? You would have to wait for the blockchain to synchronize to confirm transactions, but Bitcoin transactions arent instant anyway. As for the second point, Bitcoin does not need a "global government system". Thats the whole point.
3 Reply Quote Share
paulyieldSenior Member
Posts: 518 · Reputation: 1547
#5Aug 25, 2020, 06:48 AM
What you need is just interplanetary internet connection and you can literally set up a node on the other planet as long as the internet reached you. I'm sure there will be delay and this delay isn't measly probably days, but the ledger between planet can always sync once in a while within that delay period to synchronize. I'm sure it will be no problem at all but i'm no expert at this though.
1 Reply Quote Share
hodler2019Legendary
Posts: 2182 · Reputation: 12913
#6Aug 25, 2020, 07:47 AM
I do not think so. There is a large time delay from Mars to Earth. That time delay may make mining on Mars impossible. Maybe we could do the moon. Give me a minute to show the time issue. At op I think you are making a case for a POS coin. https://www.space.com/24701-how-long-does-it-take-to-get-to-mars.html 3 to 22 minutes earth to mars. That delay makes mining btc on earth and mars not practical The delay from the moon to earth is around 3 seconds round trip so you could likely mine on the moon and earth. So a real case need for POS coins  does exist once space travel becomes common. So Eth may  be okay in hundred years or so. ALONG WITH Solana. For now BTC seems okay. Please realize just how centralized BTC becomes if we have a dozen planets with all mining on Earth and the Moon. Just attack the earth and BTC grinds to a halt. SO LETS GIVE THE OP cred for finally finding a reason. For POS coins.  At op I gave you some merits for the topic.
0 Reply Quote Share
degen21Full Member
Posts: 52 · Reputation: 314
#7Aug 25, 2020, 11:18 AM
Blockchain network is thesame regardless of destination, distance or planets even though you are in Pluto, provided you have your network connection and your mobile phone then you will receive your coin. Except there is no internet connection. Just think of Blockchain as your internet connection, without internet connection then you can't access it, but it will definitely enter into your wallet where ever you are.
0 Reply Quote Share
hodler2019Legendary
Posts: 2182 · Reputation: 12913
#8Aug 25, 2020, 02:18 PM
Nope as earth becomes expendable if there are many planets to Iive on. And mining would have to be centralized on maybe earth and the moon. Since the tIme lag will not allow mining on a lot of distant planets. So with the tech we have now I would say multiple planets work much better with a POS coin not a POW coin.
3 Reply Quote Share
BasedPixelFull Member
Posts: 60 · Reputation: 439
#9Aug 26, 2020, 03:40 PM
Are we talking about the same Earth and other planets. Are you seriously thinking that someday man will live in a different planet. hypothetically, is this post referring to the use of Bitcoin as a currency if living on Earth becomes possible.
4 Reply Quote Share
sat_2018Senior Member
Posts: 259 · Reputation: 834
#10Aug 26, 2020, 09:25 PM
For some reason I thought Mars was alot closer so I guess it is a problem.   Transactions would not be transmitted any faster then light, I thought that would be enough but apparently I'm wrong and it would add alot of delay.  It does suggest an alternative method might be required as a best solution but I imagine they'd continue for a while with the legacy solution as any new start on Mars would take decades to become a larger size. Its not going to be a problem in my lifetime, only robots are going to Mars and at present its not a profitable journey or likely two way, nothing in sight like that and I think more then 50 years out without some great need appearing. I think its a definite eventually if you believe in technology its probable but the year will start 21 before we are needing to do that.   Elon Musk seems to think he is going out there right lol
1 Reply Quote Share
SwiftForkFull Member
Posts: 57 · Reputation: 471
#11Aug 26, 2020, 09:57 PM
It will happen and it's not gonna take so long to happen. There will be no need for panic, if WWW can be accessed on Mars, Blockchain will work seamlessly.
0 Reply Quote Share
the_kingHero Member
Posts: 435 · Reputation: 2048
#12Aug 27, 2020, 01:56 AM
Oxygen for humans is difficult to get in space, including planet Mars, if you can turn on the blockchain network or internet network on Planet Mars can be used there, with the condition that life there must be the same as on earth. Do you have an ahlian or power to regulate like life on planet Earth on Planet Mars if you don't forget your nightmare. Do not speculate or hallucinate too high to Bitcoin, you can be crazy.
0 Reply Quote Share
WildChadFull Member
Posts: 48 · Reputation: 298
#13Aug 27, 2020, 02:09 AM
Why create a separate blockchain if it's still Bitcoin and who's going to live on Mars anyway? If the only people who can live on Mars are humans like the ones on earth now, I think they can still use the existing blockchain without having to create a new one separately. And what's weird is that you even ask questions about how that would work, when in fact Bitcoin transactions which don't require a third party, or better known as peer to peer will always work if someone does it the way it has been done by many people.
4 Reply Quote Share
vault_2009Full Member
Posts: 198 · Reputation: 739
#14Aug 27, 2020, 07:33 AM
I mean, it's all internet based, which means as long as there is internet, there is bitcoin. So in theory, it can be used on mars, you just need internet there. What is internet? Well bunch of servers really, and if we do not have any connection between mars and earth, moving to mars makes no sense. That means, we will have some internet at mars when we go there, which means, you can send bitcoin from mars to earth, it should be possible. So yeah, in theory, bitcoin in mars and earth is very viable. The hardest part is to send people over there, and make them live there. We could see people go there, maybe, and they can move it there, but living there? That's going to take longer than I can stay alive, that is for sure.
4 Reply Quote Share
w1z4rd100Senior Member
Posts: 302 · Reputation: 1279
#15Aug 28, 2020, 02:56 PM
This is very possible if, let's say, Mars becomes the same as Earth soon. So for me, it's a maybe, but not likely soon. As right now here on earth - we only need internet to use Bitcoin, receive or send.
4 Reply Quote Share
paulyieldSenior Member
Posts: 518 · Reputation: 1547
#16Aug 28, 2020, 04:57 PM
It seems honestly SpaceX already coming up for solution with interplanetary communication and this could include something like satellite internet that points to mars or something. If anyone can come up with solution my biggest bet would be spaceX since elon has been so successful with the starlink.
5 Reply Quote Share
hodler2019Legendary
Posts: 2182 · Reputation: 12913
#17Aug 28, 2020, 05:27 PM
and all the mining would need to be on earth due to a constant variation in time delay which would make mining on mars not practical. To me the op has come up for a reason for POS coins to exist as pow can not work on multiple planets as the time delays constant change. Early in the thread I show math that means mars has like a 10 to 50 minute delay which is always changing as the planets orbit.  Thus minign must stay on maybe just the moon and earth do where else. Space travel apparently is better for pos coins. I guess they are prefer on space coins not piece of shit any more.
1 Reply Quote Share
john88Full Member
Posts: 110 · Reputation: 687
#18Aug 28, 2020, 07:11 PM
I know that it is too much to imagine something that seems like science fiction, but if it is true that in the far future there is a connection between Earth and Mars, and Bitcoin still exists, I feel that it will not be a problem to make transactions across planets. As long as the internet infrastructure is there, I think everything will work as it should. But maybe something to consider is the time difference, because a day on Mars is about 2.7% longer than a day on Earth. So the community might need to consider centralizing mining, whether it needs to be done only on Earth.
0 Reply Quote Share
vault_gasFull Member
Posts: 100 · Reputation: 508
#19Aug 28, 2020, 09:15 PM
It's unfortunate to admit that even if we moved to Mars or other distant galaxies, our systems on Earth would not change. Maybe if we hadn't witnessed the internet technology revolution, we would have taken our dollars and money printers to Mars, wherever we settled. Bitcoin is a viable solution if the person or entity implementing the Mars project is not affiliated with any government on Earth, is not subject to any central authority, and does not want to be controlled by any central authority. This party can use Bitcoin and will not be required to create an independent blockchain there, because the network can be shared between two planets, with consideration given the delay, as waves take longer to travel between Mars and Earth. A wonderful hypothesis. I hope it will be realized in the way I envisioned.
5 Reply Quote Share
hodler2019Legendary
Posts: 2182 · Reputation: 12913
#20Aug 30, 2020, 06:08 AM
Well earth and moon are close enough to mine on same chain. but Mars Venus Some of Jupiter's moons I think three of them could terra form and work they would need to depend on Earth+Moon mining. I would guess that could work. but while the chain is the same you do center the mining. If we ever can do multiple solar systems it gets more likely we go pos. So like I said there finally is a decent reason for POS coins. Say in 50 years we will be doing this.
1 Reply Quote Share
?Reply
Sign in to reply to this topic

Related topics