Elon Musk says Mars economy will work with cryptomorphs

Bitcoin

Elon Musk says Mars economy will work with cryptomorphs

Mars will certainly not use dollar or real.

The Mars economy will work with bitcoin, dogecoin or „marscoin“ according to Elon Musk, the CEO of SpaceX and Tesla. Musk said yes, Mars‘ economy will work with cryptomorphs.

According to initial analysis, a bitcoin transaction between the land and the Mars pioneers would take six minutes. Since the times for each bitcoin block are ten minutes, distance shouldn’t be a problem, especially if they use the Lightning Network.

Thus, both planets can operate with the same finite money, a money uncontrollable by any government and therefore suitable for the new economy.

An economy planned to start with potentially 100,000 people, as Musk wants to send 1,000 ships that can carry up to 100 people each.

A prototype was tested this month with a 12.5 km flight. If everything goes according to plan, the first human being can land on Mars in the year 2024.

It is a crazy ambition, but a powerful reminder of man’s ingenuity and his infinite capacity to do something out of nothing. In that case, an entire habitable planet.

The most impressive thing is that if they could use bitcoin, we could potentially use internet with them too, asking for selfies on their red planet.

Also, any hacker would probably use VPN from Mars instead of Russia, because terrestrial governments would have no jurisdiction on Mars.

Raising complex questions, how would we tariff Martian gold to maintain the earth’s gold market?

The most complex question, however, is whether Mars would be the new America, or just a base for Venus and beyond.

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