An Interplanetary Bitcoin Network: the Physics, Engineering, & Economics
In this video I talk with Bill--a software engineer and technology consultant--about a theoretical bitcoin network that spans the solar system as we begin colonizing other planets.
Visit his YouTube channels: @SQL Answers and @Crypto Answers. He is extremely knowledgeable and will be a valuable resource for you.
Links to Bill's YouTube Channels:
https://www.youtube.com/channel/UCbc8V1Vu4ZKixpo3Q4okgQQ
https://www.youtube.com/channel/UCpgih9OVZAVUViNQt341QpA
Mars will serve as the primary destination for our first colony outside Earth. I break down my rationale of why I think this is the case in the first 2 minutes. 🠂 🠂
I follow this up by briefly summarizing how Bitcoin works on Earth for those that need a refresher or are new to the mechanical side of Bitcoin. 🠂 🠂
After clearing up any misconceptions about the mechanics of Bitcoin, I describe the initial conditions and considerations for the nascent colony on Mars. 🠂🠂
Bill and I wrap up the video by diving into Bitcoin as money for Martians 🠂🠂 setting up the bitcoin network 🠂🠂 specific software considerations related to an interplanetary bitcoin network 🠂🠂 bitcoin mining on Mars 🠂🠂 and some Physics & Limitations given current hardware.
Overall, this is a great video that I think anyone can enjoy! #bitcoin #blockchain #mars #space #software
Timestamps:
0:00 - Habitability in the Solar System
2:34 - Picking Mars
3:12 - How Bitcoin Works on Earth
3:34 - Bitcoin's Value Proposition
4:20 - Bitcoin's Block Subsidy
5:19 - Bitcoin's Proof-of-Work Mechanism
6:07 - Bitcoin's Network & Nodes
6:58 - Bitcoin's Layer 2 Solutions
8:10 - Colonizing Mars Intro
8:58 - Machines - Year 2083
10:40 - Human Arrival - Year 2137
12:10 - Raw Materials on Mars
13:22 - Governance on Mars
15:45 - Bitcoin on Mars - Year 2357
16:31 - Bitcoin Addresses for Astronauts
19:20 - Bitcoin Network Setup on Mars
21:20 - Bitcoin Software Considerations on Mars
23:00 - Bitcoin Mining on Mars
26:13 - Physics & Limitations
Sources:
Bitcoin
https://bitcoin.org/bitcoin.pdf
https://wiki.bitcoinsv.io/images/9/9a/Block_subsidy.png
https://bitcoin.org/bitcoin.pdf
https://bitcoin.org/en/how-it-works
https://lightning.network/lightning-network-paper.pdf
https://en.wikipedia.org/wiki/Elliptic_Curve_Digital_Signature_Algorithm
https://en.wikipedia.org/wiki/Schnorr_signature
https://bitnodes.io/
Venus
https://nssdc.gsfc.nasa.gov/planetary/factsheet/venusfact.html
https://www.jpl.nasa.gov/news/venus-air-pressure
Mercury
https://solarsystem.nasa.gov/planets/mercury/in-depth/
https://nssdc.gsfc.nasa.gov/planetary/factsheet/mercuryfact.html
Gas Giants
https://exoplanets.nasa.gov/what-is-an-exoplanet/planet-types/gas-giant/
Earth's Moon
https://solarsystem.nasa.gov/moons/earths-moon/in-depth/
Other Moons
https://solarsystem.nasa.gov/moons/jupiter-moons/europa/in-depth/
https://solarsystem.nasa.gov/moons/saturn-moons/titan/in-depth/
https://solarsystem.nasa.gov/moons/saturn-moons/enceladus/in-depth/?ftag=MSF0951a18
https://theastronet.org/three-most-habitable-moons/
Mars
https://solarsystem.nasa.gov/planets/mars/in-depth/
https://mars.nasa.gov/all-about-mars/facts/
https://mars.nasa.gov/mars2020/mission/communications/
https://en.wikipedia.org/wiki/Ore_resources_on_Mars
https://eyes.nasa.gov/apps/mrn/#/mars
https://www.astro.umd.edu/~hamilton/HONR/Presentation/WaclawiwMatthew_0.pdf
Threats to Human Life for Astronauts
https://mars.nasa.gov/all-about-mars/facts/
https://www.nasa.gov/https://www.nasa.gov/hrp/elements/radiation/abouthrp/elements/radiation/about
https://www.nasa.gov/audience/foreducators/postsecondary/features/F_Understanding_Space_Radiation.html
Raw Materials & Energy Sources
https://www.nature.com/articles/nature07978
https://geology.com/articles/titanium/
https://www.metalsupermarkets.com/common-uses-aluminum/
https://www.astro.umd.edu/~hamilton/HONR/Presentation/WaclawiwMatthew_0.pdf
http://large.stanford.edu/courses/2017/ph240/black1/
Satellites, Hardware, Equipment, Signal Transmission, Etc.
https://eyes.nasa.gov/apps/mrn/#/mars
https://www.starlink.com/
https://mars.nasa.gov/mars2020/mission/communications/
https://en.wikipedia.org/wiki/Satellite_Internet_access
https://solarsystem.nasa.gov/planets/mars/in-depth/
Physics & Limitations: Solar Conjunction & Transmission Loss
https://gfycat.com/falsesparseaurochs
https://theskylive.com/3dsolarsystem?objs=c2017k2|255p|c2021p4&date=2022-08-27&h=18&m=10&
https://gfycat.com/falsesparseaurochs
https://mars.nasa.gov/all-about-mars/night-sky/solar-conjunction/
117
views
Understanding the world through data
This video creatively explains the relationship between data and the human experience. More specifically, data distributions that are present in physics, fit the data of certain large human/social systems as well. That could not be more evident than in the distribution of wealth in society. The implication is that resources may aggregate in the hands of a few people regardless of circumstances or attempts to intervene.
1
view