Spacex and Tesla CEO Elon Musk, widely regarded as the man who is taking humanity to Mars and building a permanent settlement there, tweeted his approval of the idea that the Mars economy will work with cryptocurrency.
Elon Musk predicts that the Mars economy will work with cryptocurrency
Elon Musk believes that the Mars economy will be powered by cryptocurrencies. He said earlier this month that he is “highly confident” that his Spacex company will land humans on Mars “six years from now”. He further noted that it could occur as early as 2024 “if we’re lucky.” Musk said earlier that his goal is to establish a “self-sustaining city on Mars as soon as possible”.
The subject of the cryptocurrency that runs the Mars economy came up briefly on Twitter last week. AI researcher Lex Fridman tweeted, “The Mars economy will work in cryptography.” In response, Elon’s World Twitter suggested, “Marscoin”. Musk himself answered only with a “Yes”.
It is not clear whether Musk was referring to the cryptocurrency called “marscoin” that was launched in 2014 or if he was just talking about a future project with the same name. The existing project was launched with the aim of becoming a Martian currency, according to the project page. Its code was a fork of Litecoin, originally traded on the Nova Exchange. However, after peaking during the 2017 initial coin offering (ICO) bubble, its price fell dramatically and the currency was removed from the Nova list shortly thereafter. In addition, Nova Exchange officially closed on January 28.
Musk also recently spoke about two other substantially more popular cryptocurrencies: bitcoin and dogecoin. Last week, he considered the idea of his company Tesla putting billions of dollars in BTC, as suggested by the CEO of Microstrategy, listed on Nasdaq, which now has about 70,470 BTC in its treasury. Musk asked, “Are these big deals really possible?” He has also tweeted about dogecoin several times over the years. Until very recently, his Twitter profile showed: “Former CEO of Dogecoin”.
Spacex said in October that it will not recognize any international law on Mars. The terms of service for their Internet project Starlink state: “For services provided on Mars, or in transit to Mars via a starship or other colonization spacecraft, the parties recognize Mars as a free planet and that no Earth-based government has authority or sovereignty over Martian activities. Consequently, disputes will be resolved through principles of self-government, established in good faith, at the time of the Martian agreement. “
In which cryptocurrency do you think the Mars economy will work? Let us know in the comments section below.
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