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62 sats \ 7 replies \ @didiplaywell OP 29 Jul \ parent \ on: How would Bitcoin work in an Interplanetary Economy? bitcoin
There might be a sort of intermediary currency, or directly replicating foreign exchange markets as @Undisciplined suggested. There will be no issue on trading at all, it will not get delayed a second in it's development. But the question is more about how a system like bitcoin will work in that context too, due to the importance we know it haves for our planetary economy, which will keep being true at inter-planetary scale.
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I'm certain that will not happen. Inter-planetary commerce will be on full control of entrepreneurship, governments will be powerless in the space-colonization era. Elon Musk will conquer Mars, not the US govt. What are they going to do? Summon him back to Earth? I can imagine Elon response: "Come in and chase me bitch? With what? What rockets? Mines?". Even today the US govt and Nasa can reach outer space solely thanks to Musk's launchers. No capitalist will bow unnecessarily to a FED system which is not only useless but even less powerful. You can safely forget about the pathetic FED era
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Musk controls space and planetary inter-communications even today. Only he is able to provide communication in Ukraine territory amidst a war. The US govt can't but to hire his services because it's incapable of providing such a critical defensive infrastructure itself. Elon has to be seated at every Pentagon meeting regarding national security ever since. Try to project where that will go once he haves an entire planet for himself with unlimited resources, if he is capable of this now while having to deal with a state which is only capable to use it's legal power to enforce transgender laws on children. The fight was over before it begin.