Post by MCDemuth on Jan 29, 2019 18:01:42 GMT
Government Official Supports First Extra-Terrestrial Forms Of Money
Although cryptocurrencies don’t seem to be exactly taking off here on the blue planet, a government official from India suggests they will be in use across the solar system of the future. Dr, Kartik Hegadekatti of India’s Ministry of Railways, introduced a research paper titled, “Extra-Terrestrial Applications of blockchains and Cryptocurrencies.”
The official believes colonies scattered across the solar system could have an economy that works together thanks to Blockchain, an incorruptible digital ledger of economic transactions. No matter how far apart the worlds may be, the economies could be linked together across millions of miles and space.
Since the distances would be so vast, economies using tradition paper money and coins would grind to a halt unless there was a way to process transactions faster than the speed of light. Just imagine trying to run your credit card at the new Martian Wally World. If you think waiting for the transaction to go through is slow now, imagine how slow it would be if that information had to travel 34.8 million miles minimum. It takes light around 22 minutes to travel that distance. It would seem reasonable that even on Mars, nobody has time for that.
Hegadekatti predicts that each space colony will one day have it’s own uniquely named cryptocurrency, such as MarsCoin, LunarCoin, JupiterCoin, SaturnCoin, and TitanCoin. It seems some of these coins with these names are already in the works, years before any space colony even exists.
Read More Here:
www.ancient-code.com/government-official-supports-first-extra-terrestrial-forms-of-money/
This Makes A Lot Of Cents!