Sitemap

Mars Economy Will Run On Cryptocurrency

CorD Recommends

Orban Visits Belgrade: Hungary and Serbia Aim for Affordable Energy for All

Hungarian Prime Minister Viktor Orban emphasized the...

Nigeria Joins BRICS as a Partner Country

Nigeria has been admitted to BRICS as...

Serbian Chamber of Commerce and Tesla Science Foundation Sign Cooperation Agreement

Branislava Simanić, Director of the Entrepreneurship Sector...

Winning Design Selected for New Nikola Tesla Museum Building

The international architectural competition for the new...

Austrian Business Cooperation in Serbia

The annual survey by Advantage Austria on the business climate in Serbia for 2024 confirms the stability and growth...

IWC Opens Call for Proposals for Women Empowerment Projects in Serbia

Following the success of its 2024 Charity Bazaar, which raised over 4 million RSD, the International Women’s Club of...

Neoplanta Celebrates New Life with Generous Gesture

In a touching display of community spirit, Neoplanta, a renowned food company based in Novi Sad, once again marked...

The Hermitage Days are Being Held Again in Belgrade in 2025

The Hermitage Days in Serbia represent a unique international cultural project that will take place from February 19 to...

AgroBelgrade 2025 – A Hub for Innovation and Trade in Agriculture and Horticulture

Over 500 exhibitors will converge at the three-day AgroBelgrade 2025, bringing together the best of Eastern Europe’s fruit, vegetable,...

SpaceX CEO Elon Musk has said any future economy on Mars could be cryptocurrency based.

The tech billionaire, who is one of the co-founders of online payments giant PayPal, hopes to send the first humans to Mars as early 2024, with the ultimate aim of setting up a “self-sustaining city on Mars as soon as possible”.

Responding to a Twitter thread started by AI researcher Lex Fridman, Mr Musk agreed a “Mars economy will run on crypto”, suggesting it could be with the novelty cryptocurrency dogecoin or the fringe cryptocurrency Marscoin.

The Marscoin project was founded in 2014 and saw a brief surge in popularity during the cryptocurrency market bull run in late 2017 but has since drifted into obscurity. The altcoin currently has a market cap of less than $100,000, according to CoinMarketCap.

Dogecoin could be a more likely candidate, given it continues to be relatively popular and shares many of the same decentralised attributes as bitcoin.

Last week, the price of dogecoin surged by more than a third after Mr Musk changed his Twitter bio to “Former CEO of Dogecoin” and tweeted: “One word: Doge.”

The SpaceX founder has frequently spoken of his ambition to travel to Mars in his lifetime and earlier this year ordered employees to accelerate the development of the next-generation Starship rocket.

A 12.5km flight test of a Starship prototype took place earlier this month, with plans to build a 1,000-strong fleet of the spacecraft – each one capable of carrying up to 100 people.

SpaceX provoked controversy in October after stating that it would not recognise international law on Mars, instead adhering to a set of “self-governing principles”.

According to the Terms of Service of SpaceX’s Starlink internet project, any future settlements on the Red Planet would “recognise Mars as a free planet”, adding that “no Earth-based government has authority or sovereignty over Martian activities.”

The terms stated: “Disputes will be settled through self-governing principles, established in good faith, at the time of Martian settlement.”

It is not yet clear what these principles might be, though Mr Musk has previously hinted that his preference for a Martian government would be one based on direct democracy. 

“It would be people voting directly on issues,” he said in a 2016 interview. “The potential for corruption is substantially diminished in a direct versus a representative democracy.”

Related

Elon Musk, Tesla and SpaceX CEO

The God Of Tech

Musk seems to be everywhere all at once pushing all kinds of futuristic technologies, as CEO of SpaceX and Tesla, founder of The Boring...

NASA Scientists Achieve Long-Distance ‘Quantum Teleportation’

For the first time, a team of scientists and researchers have achieved sustained, high-fidelity ‘quantum teleportation’ — the instant transfer of ‘qubits’, the basic...

SpaceX did not respond to a request for comment from The Independent but lawyers have noted that any Mars constitution would still be subject to the 1957 Outer Space Treaty, which states that “outer space, including the Moon and other celestial bodies, is not subject to national appropriation by claim of sovereignty, by means of use or occupation, or by any other means.”

Randy Segal, from the law firm Hogan Lovells, recently told The Independent: “The whole of space law contemplates that those of us on this planet share the rights and responsibility to make space something we can all share together.”

Source: independent.co.uk

Related Articles

Bernard Arnault Surpasses Elon Musk to Become World’s Richest Person

Bernard Arnault, the CEO and owner of the luxury conglomerate LVMH, has overtaken Elon Musk to become the world's wealthiest individual. The fortune of Arnault...

AI Poses Potential Catastrophic Risk, Warns Bletchley Declaration Signed by 28 Nations

Artificial Intelligence (AI) poses a potentially catastrophic threat to humanity, according to the Bletchley Declaration signed by 28 countries, including the United States, EU,...

Musk Adds Video and Audio Calls to X Network, Challenging Big Players

Soon, audio and video calls will be available on the X Network, the rebranded version of Twitter, announced owner Elon Musk. The feature will...

Musk Offers To Pay Legal Bills Of People ‘Unfairly Treated’ For Posting On Platform

Elon Musk has said his X social media platform will pay the legal bills and sue on the behalf of people who have been...

Elon Musk Says Twitter’s Blue Bird To Be Replaced By An X

Twitter Inc owner Elon Musk on Sunday signaled he would do more to take the social media company in a new direction with a...

Meta Threads: Instagram Owner To Launch Twitter Alternative

Meta Platforms  plans to launch a Twitter-rivalling microblogging app called Threads, days after Twitter boss Elon Musk attracted criticism by announcing a temporary cap on...

Elon Musk Reclaims Title Of World’s Richest Person

Elon Musk is once again the world’s richest person after leapfrogging French billionaire Bernard Arnault, after a slump in the value of Arnault’s LVMH luxury...

Musk Urges Americans To Vote Republican

Elon Musk, the richest man in the world, the owner of Twitter and the Tesla company, called on Americans to support the Republican candidates...