Quote from: Ogig on April 22, 2013, 03:57:35 PM

Quote from: Dargumin on April 22, 2013, 03:21:44 PM

The Mars One project is looking to build a community on Mars in 2023. Presumably the people of Mars would not be governed by a country on Earth and as the community thrives they will need their own currency as a medium of exchange. Since Bitcoin is also not backed by governments of any country then surely this is the obvious choice of currency for the people of Mars.

http://www.bbc.co.uk/news/science-environment-22146456

Mar One project is so crazy that i love it. I doubt it will turn into something other than a huge database of crazy geeks. Still, i love it.

Let's play:

I imagine an early mars community to be strongly governed by the mission organizers in a corporativist/dictatorship style. In any case, when i learned about bitcoin i thought, "ey, these are the famous credits i've seen used on every scifi book". A non physical currency should prevail in out of Earth colonies, where storage space and material resources will be scarce while not energy.

Depending on orbit, 4-20 minutes/light is the distance between Earth and Mars, that's pretty laggy. We shall need to create something like the "Solar System Monetary Network" that operates in huge timelapses. Pluto to Earth is 320 minutes/light, so we might need something that can handle that for the "Last Frontier Space Station" orbiting Pluto. Then the SSMN could be used to link the different currencies, so say, a Marscoin could be send to the Plutocoin system while the Marscoin network remains fast and local.

Wink

Currency won't be a problem for a long time. Everything would be strictly controlled just to survive. You are in a world where there is no breathable air outside, no food, no water and colder then most places on earth. If any number of things don't happen exactly right everyone dies.