On this proof of keys day, a thought experiment for the apex in geographic distribution for generational, long-term Bitcoin storage: interplanetary keys distribution
Discussion
Interplanetary Bitcoin key distribution:
Challenging? Yes
Overkill? Probably
Costly? Very
Long term time preference? Yes
Legendary status? Most definitely
Regardless, could form a cool subplot of a Bitcoin sci-fi
Who will be the first, a corporation, a government, or an individual?
Block time is an issue. It’s been discussed a lot.
By who? I'm the only person I know of who wants to slow block time to a few hours.
You can’t have interplanetary mining with a block time of 10 minutes. The choice of ten minutes centralizes mining to within just a a light minute or two of the majority of hash power. As no planet is that close, 100% of mined blocks occur close to earth…until extraterrestrial hash power overtakes earth’s and completely replaces it, if such extraterrestrial hash power can be accumulated. But at 51%, earth gets 100% of the blocks.
Yeah. Glad you get it. There's two of us now
This is not a post about mining, it's a post about the geographic distribution of keys to access a Bitcoin wallet - very different
This is not a post about mining, it's a post about the geographic distribution of keys to access a Bitcoin wallet - very different