Bitcoin and Interplanetary Economy

Bitcoin

The transition from the analog world to a digitally native society requires programmable money.

Decentralized server architecture to establish the internet of value.

Bitcoin mining is the backbone of this evolution. 

Bitcoin has reached critical network effects and is the logical choice for a digitally native global reserve currency.

The internet of value — where value is transmitted as efficiently, cheaply and reliably as data is now — is free from any individual government or entity’s control. 

The decentralization of Bitcoin’s computing power will continue to improve as more energy producers recognize the benefits of converting excess energy into digital assets through Bitcoin mining. 

Bitcoin mining is necessary to establish layer-one security for the decentralized economy, a function that central banks now provide for the fiat-centric global economy. 

Bitcoin’s strength is that it has the world’s most powerful computing network with which to secure the decentralized economy’s base layer, upon which all other value transmission solutions are being built. 

We are witnessing the development of a new, decentralized financial ecosystem. 

Interplanetary Economy and Solar Energy

This is very interesting:

Currently, much of Tesla’s revenue comes from selling surplus renewable energy credits, or RECs, which will dry up in the next several years as competing automakers produce their own zero-emissions vehicles and build up RECs with states that require them.

Tesla's other businesses produce and sell solar panels, solar roofs and batteries. The batteries are used in its cars and provide power storage for residential solar systems.

Residential solar systems can feed surplus energy into the grid. The local power company will prorate a customer’s electric bill based on the amount of power drawn from the system.

Tesla Powerwalls can store that surplus energy and power various things in your home, including air conditioners, and charge your Tesla electric vehicle.

The excess energy from Tesla’s micro-energy sources can be rerouted to run crypto mining operations. Without crypto mining, the surplus energy is either wasted or stored and sold for pennies on the dollar. Now, Tesla and other energy companies can turn excess power into a digital asset, like Bitcoin, that is *instantly bankable*.

Future outlook (the space / interplanetary economy story):

The extended communication time between Earth servers and Mars servers poses a lot of problems. There will still need to be a verifiable, trusted way to transfer value between the planets’ economies.

Bitcoin offers a better solution for securely transferring value between planets on a trusted network where the 10-minute block times end up being advantageous instead of a hassle.

Colonies on Mars will likely be running Bitcoin nodes making use of SpaceX’s Starlink satellite constellation.

The decentralization of Bitcoin’s computing power will continue to improve as more energy producers recognize the benefits of converting excess energy into digital assets through Bitcoin mining.

https://cointelegraph.com/news/the-convergence-between-tesla-spacex-renewable-energy-and-bitcoin-mining

p/s: In layman terms, Bitcoin mining is fundamentally financial transactions' record keeping.

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