My reason is because a lot of countries do not have internet every where. I lot of places in Africa need offline money and sending transactions offline with Bitcoin is difficult. It can be done by giving someone a seed of a set amount but that is not ideal. We need different currencies for different things. Bitcoin is the king when it comes to global transactions but when it comes to local and quick transactions physical might be better not always but in certain times.
Satellite will become more popular and given enough time the whole world will have internet access. The only places that might struggle will be the places where they do not have any power but I think this will improve too. The world is evolving and as soon as Bitcoin takes off the places with no power or internet will be encouraged to develop if the rest of the world is using Bitcoin.
I have to agree with you as satellites will achieve world wide coverage in the next decade.
Given the sheer mass of material that has to be shot into space on a regular base to keep things working I have my doubts this will be sustainable for a long time.
Oh god I redid the math on re-entries:
Each Starlink v2 sat weighs 1250kg. They plan to have 42,000 of them in orbit.
Each satellite has a planned lifetime of 5 years. That means they'll be de-orbiting and replacing ALL of them every 5 years.
That comes to 23 sats per day, which is 29 TONS OF SATELLITE every day.
It doesn't go away, it gets added to the upper atmosphere. Most of the mass is aluminum. What the hell is that going to do?
WHY THE FUCK IS THIS OK?!
^ And again, that's only for Starlink, there are many more.
To bring up the point about stupidity and government this goes to further proving that by playing the we are a stupid government card they will make endless money with these multiple launches.