Subnostr

Bitcoin is not interplanetary, right?

For example it isn‘t fit for a Mars colony. Depending on constellation, information would travel too long so that mining isn‘t feasible there.

- You could still do transactions if you trusted the Old Earthers.

- Or you could aim for more than 50% mining power so that Mars takes over mining.

- Or you could create a super chain, which synchronizes a new #marscoin with Bitcoin

- Or you could increase the block time from 10min to 24h and run two new smaller chains on each planet.

Reply to this note

Please Login to reply.

Discussion

DataNostrum 2y ago

Great point! Indeed, you would probably need a separate PoW network on a sufficiently distant planet. And there could be a competitive advantage to running an "exchange" on a satellite halfway between the two planets, because it will have a kind of information parity

Josua Schmid 2y ago

Interesting point about the satellite in the middle. Especially difficult to position it properly so that it makes most profits. Calculating orbits would become a very economically driven undertaking, and a difficult one because it would always include multiple bodies.