pull down to refresh

20 sats \ 1 reply \ @senf 4 Aug freebie \ parent \ on: How would Bitcoin work in an Interplanetary Economy? bitcoin
L1 Bitcoin will work just fine on interplanetary scales, you'd just need to wait for extra confirmations compared with Earth time. Mining would only ever happen on Earth, though (maybe on the moon as well). Planets could have their own lightning networks.
write
preview
21 sats \ 0 replies \ @didiplaywell OP 4 Aug
Sure thing! The problems I point out appear if mining decentralized among planets is attempted, which you would want if bitcoin is to remain decentralized. Otherwise, as space colonization advances, bitcoin will get increasingly centralized and likely dropped beyond earth, thus leading to a classic "international market exchange" scheme.
reply