31 sats \ 5 replies \ @Satosora 29 Jul \ parent \ on: How would Bitcoin work in an Interplanetary Economy? bitcoin
Maybe they would create a blockchain for each planet? I would think trying to ping data back from mars would be too costly?
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30 sats \ 4 replies \ @Undisciplined 29 Jul
The problem there is that you want to be able to do commerce between planets. You could essentially replicate something like foreign exchange markets, but that's not as elegant as solving the problem entirely with bitcoin.
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42 sats \ 0 replies \ @didiplaywell OP 29 Jul
Exactly
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21 sats \ 2 replies \ @Satosora 29 Jul
Wont there be commerce between the planets, though?
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30 sats \ 1 reply \ @Undisciplined 29 Jul
That's what I'm saying. There needs to be currency that is usable between planets in order to buy stuff from another planet.
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21 sats \ 0 replies \ @Satosora 29 Jul
Sorry, I read that wrong. Yes, you do want to be able to trade between planets.
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