Replying to Avatar jimbocoin 🃏

Bitcoin’s block time of 10 minutes is well-tuned for block propagation Earth-wide, but it is too short for solar system scale.

Which is the better solution for our eventual, space-fairing civilization:

1. Start a separate chain with a longer block time for interplanetary settlement.

2. Increase the block time of the main chain.

#asknostr #Bitcoin
Avatar
Nunya Bidness 2y ago

Check out Dhruv Bansal’s Bitcoin Astronomy.

Part I: https://unchained.com/blog/law-of-hash-horizons/

Reply to this note

Please Login to reply.

Discussion

Avatar
jimbocoin 🃏 2y ago

One of the great selling points of Bitcoin is universality. It’s global, fair money.

A solar system scale coin (with long block time) could make the same argument. Yes, each planetoid could spin up their own short-time-block local chain, which would give them a measure of independence, much like fiat currencies compete today.

But the long-time-block chain would offer system-wide settlement without miner centralization.