Podcasts: Bitcoin in Space with Dhruv Bansal 🔗 3 years ago

“We can build one currency for our entire fucking planet, that’s an OK thing, that’s still an admirable goal. We don’t have to feel, as bitcoiners, that we somehow failed if that first currency can’t be used on every planet of the cosmos.”
— Dhruv Bansal

Location: Remotely
Date: Tuesday 16th March
Company: Unchained Capital
Role: Co-founder

With SpaceX CEO Elon Musk “highly confident” that his company will land humans on Mars by 2026, the human colonisation of another planet within our solar system has never been closer. Once humans settle on another world, one question that will have to be solved is what money will be used as the local currency? The obvious answer may, on the surface, be bitcoin. But how would that work?

With the time it takes to send a signal over such a vast distance, we will need to consider how bitcoin functions at scale throughout the solar system. Sending bitcoin transactions from Mars to Earth could work fine if you don’t mind waiting several hours for confirmation, but mining will be impossible on Mars. So, will we use bitcoin on Mars, or will its colony rely on a new ‘Muskcoin’? 

In this interview, I talk to Unchained Capital co-founder Dhruv Bansal. We discuss hisBitcoin Astronomy series of articles, the prospects of Bitcoin as an interplanetary currency, SpaceX, colonisation of other planets, and hyperbitcoinisation.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
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Casa - The leading provider of Bitcoin multisig key security.
Exodus- The world's leading Desktop, Mobile and Hardware crypto wallets.
Ledger- State of the art Bitcoin hardware wallet

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WBD322 - Show Notes

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