Sunday, May 9, 2021
Contact us    |    Advertise    |   Help    |   Cookie Policy    |   Privacy Policy    RSS icon Twitter icon Facebook icon
    Home  ·  News  ·  Forum  ·  Stories  ·  Image Gallery  ·  Columns  ·  Encyclopedia  ·  Videos
Find: in

Musk: Mars settlers could trade in 'Marscoin'

Posted on Friday, 15 January, 2021 | Comment icon 18 comments

Could Mars one day have its own economy ? Image Credit: NASA
People living on Mars could one day leave regular currency behind in favor of Mars-based cryptocurrencies.
The question of whether or not future off-world colonies will have their own economies and currencies is not something that crops up very often, however it seems that even this is something that SpaceX CEO (and now world's richest man) Elon Musk has taken into consideration as he continues his efforts to develop the technologies needed to see mankind succeed beyond the Earth.

During a recent Twitter discussion, he posted in confirmation of the suggestion that future Mars settlers might trade in cryptocurrencies - in particular the aptly-named 'Marscoin'.

It might sound like a made up name, but this futuristic cryptocurrency actually exists and is already in use today in the hope of one day becoming the dominant currency on the Red Planet.

"Marscoin will be closely following the progress made by SpaceX, The Mars Society and other leading visionaries in space exploration," an FAQ on the official Marscoin website states.
"Marscoin could be officially forked and transferred to Mars at the time of the first manned departure or later in the settlement's development. "

Virtual currency would certainly have many advantages on Mars, not least of which being the lack of any need to make, transport and store large quantities of physical cash.

A Mars-specific currency would also hold value relative to the planet's specific economic conditions.

Who knows - perhaps one day, every colonized world will have its own independent currency.

Source: Popular Mechanics | Comments (18)

Tags: Mars, Musk

Recent comments on this story
Comment icon #9 Posted by Desertrat56 on 15 January, 2021, 20:45
Still, he invested in it. †I don't know the details but if it wasn't for his money would it have gotten off the ground? †
Comment icon #10 Posted by Crazy Horse on 15 January, 2021, 20:50
No.. But I am still glad that social media groups have lost $51 billion since banning Trump.
Comment icon #11 Posted by Crazy Horse on 15 January, 2021, 20:52
How do you know it wouldn't of gotten off the ground?
Comment icon #12 Posted by Desertrat56 on 15 January, 2021, 20:58
I am asking, do you know what a question mark indicates? †Do you know the answer? †I don't, that's why I asked @Rolltide
Comment icon #13 Posted by Crazy Horse on 15 January, 2021, 21:02
To be honest I didn't see the question mark, my bad. †
Comment icon #14 Posted by Rolltide on 15 January, 2021, 21:17
They were very much off the ground before Elon invested with his Paypal money, but to his credit he did take them to where they are today with his business acumen. † Tesla, originally Tesla Motors, started out in 2003 when a group of engineers, who had a passion for electric cars, wanted to show people that they didn't need to compromise when considering buying one. They strived to develop their own range of cars that could be, in the company's words, "better, quicker and more fun to drive than gasoline cars." One of the main motivations for starting Tesla was the recent retirement of the Gene... [More]
Comment icon #15 Posted by Orphalesion on 15 January, 2021, 21:27
Yes, you can pretty much get the same experience as living on Mars by moving to Antarctica. Only that Antarctica is a lot more suited to human habitation.
Comment icon #16 Posted by spartan max2 on 15 January, 2021, 22:43
I wish the other billionaires were as big of sci-fi nerds as Musk.
Comment icon #17 Posted by DreadLordAvatar on 16 January, 2021, 20:37
Itís all for his ego and eccentric delusions. †If he had any real sense, he would invest in this planet and be a real hero to curb†anthropocene.†
Comment icon #18 Posted by spartan max2 on 16 January, 2021, 21:55
He does. Compared to other top billionaires at least. Plus his flagship of innovation in electric vehicles certainly would have much more real effect on climate than say amazon or googled operations. † Also I think his Neurolink company is going to do some awesome things in the future. †

Please Login or Register to post a comment.

  On the forums
Forum posts:
Forum topics:


Claims of 'fungus' on Mars spark controversy
An international team of researchers has published a paper claiming that there is evidence of fungus on Mars.
MH370 pilot 'deliberately masked flight path'
The pilot of the doomed airliner may have attempted to leave 'false trails' and hide the plane's true trajectory.
Giant fish is among largest ever caught in US
A group out fishing in the Detroit River recently managed to reel in a staggeringly large lake sturgeon.
Oldest human burial in Africa found in Kenya
Archaeologists have unearthed a child who was buried at Panga ya Saidi cave almost 80,000 years ago.
Stories & Experiences
Mystery 'troll' captured on camera
4-24-2021 | Marsta, Sweden
My Grandfather's NDE
4-24-2021 | Oakland, California
The voice of something not human
11-17-2020 | Baldwin Hills, Los Angeles
Shadow figure demon ?
11-14-2020 | USA
Ghost following me
9-18-2020 | Iowa
Mysterious glowing cube
8-23-2020 | Alabama
Black blob in my room/bed
7-23-2020 | Powell,TN U.S.
Transparent levitating ball
7-14-2020 | Santa Rosa, California

         More stories | Send us your story
Featured Videos
Gallery icon 
NASA studies underwater 'white smoker' vents
Posted 4-17-2020 | 3 comments
Hydrothermal vents on the ocean floor can teach us about possible habitats on other worlds.
10 strange things about our solar system
Posted 3-17-2020 | 0 comments
A look at some of the most mysterious things about our solar system.
Lizzie - Scotland's other loch monster
Posted 3-8-2020 | 0 comments
Amelia Dimoldenberg investigates the Loch Ness Monster's neighbor.
Adam Savage and Spot
Posted 2-14-2020 | 5 comments
Adam Savage tests out Boston Dynamics' impressive Spot robot.
NASA 2020: Are you ready ?
Posted 1-1-2020 | 3 comments
A look at what's coming up in the world of spaceflight this year.
 View: More videos
Top   |  Home   |   Forum   |   News   |   Image Gallery   |  Columns   |   Encyclopedia   |   Videos   |   Polls
UM-X 10.712 (c) 2001-2021
Terms   |   Privacy Policy   |   Cookies   |   Advertise   |   Contact   |   Help/FAQ