A lot of people are naturally hesitant and suspicious with crypto currencies such as Bitcoin. What they don’t understand is that Bitcoin and/or Crypto Currency in general, is the natural evolution of money, and is inevitable.
As the title of my post reads, I want to use inter-planetary commerce as an example to illustrate this principle.
Because if there is to be inter-planetary commerce, how is value transferred? Can you imagine cash being transported in spaceships? Gold? I don’t think so. Both are physical, and it will take months or years to transfer. Clearly the cheapest way to send value between spaceships and/or planets is by using a technology such as the one Bitcoin is based on.
Here’s another illustration: If I were able to send my Bitcoin to a Bitcoin wallet on the MRO (Mars Reconnaissance Orbiter), then my Bitcoin would be physically in space, in orbit around Mars! And if an Asteroid were to hit the MRO, those Bitcoin would be destroyed in the process and lost forever.