Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin be the main currency in Mars?
by
Artemis3
on 14/05/2019, 20:47:36 UTC
Hey guys, taking a break from the bull hype for a minute.

Do you guys think Elon Musk could potentially make BTC the main currency in Mars?

I'm sure we discussed this already in the forum (searching for a topic is overrated it seems), but allow me to reiterate:

It is not practical, because the distance in communications is not trivial. We are talking about a 40min long ping here.

Far more logical would be to use another blockchain. It can be Bitcoin itself, renamed if you like to avoid confusion. Sure there could be an exchange, if someone is willing to take the risks of 40min delays...

Unless this communications problem is solved somehow, such as with quantum entanglement in a future interplanetary communications device, it is just unpractical to do it with Bitcoin itself.