What will be the Currency used on Mars? Dogecoin.
About 10 years ago I was (and still am but to a lesser extent) obsessed with the online tech network Twit.tv. On that there was (who now is the Vatican’s upcoming tech Jesuit… and regular contributor still to ‘This Week in Tech’) Father Robert Ballecer AKA @padresj on twitter (look him up). He hosted a few shows at the time and one was a kind of gadget homebrew diy tech geeky kinda fun show called Know How here is the link (and transcript) to that episode. On that show 9and for many shows after as he built mining rigs like this (this was mine at the time and would still work) he gushed about this new cryptocurrency called Dogecoin. The main reason is by that time the possibility of generating new bitcoin was slim. And Doge was already being used in charity donations and just had a more caring and community fee. They were cheap to create. You could generate them with you PC idling (you still can). And either sit on them and hope that they go up in value or give them away to good causes.
However, Musk went on to predict that the meme-based bitcoin rival dogecoin, or perhaps some other cryptocurrency, will eventually become the official currency of Mars—something Musk has previously hinted at with a proposed project to use his rocket company SpaceX to “put a literal dogecoin on the literal moon.”
“I think Mars itself will need to have a different currency … I don’t know if Mars would have a cryptocurrency as a thing, but probably it seems likely, but it would be kind of a localized thing on Mars,” Musk said, adding: “The future of Mars should be up to the Martians.”
Last week, Musk, who’s this year called for dogecoin developers to upgrade the meme-based cryptocurrency in order to better compete with bitcoin and ethereum, has weighed in to a crypto-wide row over web3—the idea a decentralized crypto and blockchain-based version of the internet could replace the Silicon Valley-centric web 2.0—revealing why he’s “pro doge.” (Forbes.com)
This last month Elon Musk… My favourite Ironman is now suggesting that Bitcoin is kinda done and that he is looking at Dogecoin to be the currency for MARS!