Spacex and Tesla CEO Elon Musk, widely regarded as the man who takes humanity to Mars and builds a permanent settlement there, tweeted his approval of the idea that Mars’ economy would work on cryptocurrency.
Elon Musk Intends Mars Economy on Cryptocurrency
Elon Musk believes that Mars’ economy will be run on cryptocurrency. He said earlier this month that he was “very confident” that his company Spacex would land humans on Mars in about six years. “He further noted that it may even come in 2024” if we are lucky. “Musk said earlier that his goal is to build a” self-sustaining city on Mars as soon as possible. “
The topic of cryptocurrency driving Mars’ economy appeared briefly on Twitter last week. AI researcher Lex Fridman tweeted: “Mars economy will run on crypto.” In response, Twitter handled Elon’s World proposal, “Marscoin.” Musk himself answers only with a ‘Yes’.
It is not clear whether Musk was referring to the cryptocurrency called ‘marscoin’ launched in 2014, and whether he was just talking about a future project of the same name. According to the project sheet, the existing project was launched to become a Mars currency. The code was a fork of Litecoin, and it originally traded on Nova Exchange. After peaking during the initial bubble of 2017 for the first coin offering (ICO), the price dropped sharply and the coin was delisted from Nova shortly thereafter. Furthermore, Nova Exchange officially closes on January 28 for business.
Musk also recently talked about two other much more popular cryptocurrencies: bitcoin and dogecoin. Last week, he pondered the idea that his company would put Tesla billions of dollars in BTC, as suggested by the CEO of the Nasdaq-listed Microstrategy, which now has about 70,470 BTC in its treasury. Musk asked, “Are such big deals even possible?” He has also tweeted a few times over dogecoin over the years. Until very recently, his Twitter profile showed: “Former CEO of Dogecoin.”
Spacex said in October that it would not recognize any international legislation on Mars. The terms of service of its Starlink Internet project state: “For services rendered on Mars, or traveling to Mars via Starship or other colonization spacecraft, the parties recognize Mars as a free planet and that no terrestrial government has authority or sovereignty over the activities of Mars. . Consequently, disputes will be settled by means of self-governing principles, which were established in good faith during the settlement of Mars. ”
With which cryptocurrency do you think the economy of Mars will be used? Let us know in the comments below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for information only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is directly or indirectly responsible for any damage or loss caused or claimed to have been caused by or in connection with the use or reliance on any content, goods or services mentioned in this article.