Replying to Avatar Jo

Asked AI about future use of bitcoin on Mars:

"Using Bitcoin on Mars is possible but would face big challenges due to communication delays and energy constraints. Signal delays between Earth and Mars (up to 44 minutes round-trip) would make Earth-based networks impractical. Mars might need its own blockchain (“MarsCoin”) or a layered solution to sync with Earth occasionally. Mining could also be difficult due to limited energy sources. Instead, Martians might rely on stablecoins or Bitcoin layer-2 networks (like the Lightning Network) for faster, local transactions with Earth settlements happening periodically."

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Gowron 1y ago

This is where a Mars-local L2 sidechain something akin to #Liquid would work well: a peg-in/out process for interoperability with Earth's #Bitcoin main chain where latency doesn't matter all that much (how often do you need to move funds between planets?)

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Jo 1y ago

Fascinating stuff 🧠🧡🧡🧡

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