104 sats \ 1 reply \ @kr 4 Apr \ on: I'm Dhruv Bansal, co-founder of Unchained, AMA! AMA
what is the likelihood that bitcoin does become the main currency used on Mars given the challenge you outline of mining so far away from Earth?
I think bitcoin becomes the main currency used on Mars because by the time we're settling Mars bitcoin will be the main currency used on Earth. Over time I think Martians will "revolt" and start their own version of bitcoin, to gain the advantages of a combined mining/energy industry. I think this new bitcoin won't be a shitcoin because its center of hash will be far away from Earth -- a property no altcoin on Earth could ever have.
What is the likelihood this *doesn't * come to pass, and bitcoin remains the main currency used on Mars forever ? I hope low, honestly because I love the ideas I put forth in the Bitcoin Astronomy series, and if Martians don't revolt, then maybe none of the rest of it happens. I suppose one reason they might not is if their energy economy grew acceptably without mining. Who knows if that will be true or not!
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