An Interplanetary Bitcoin Network: the Physics, Engineering, & Economics

In this video I talk with Bill--a software engineer and technology consultant--about a theoretical bitcoin network that spans the solar system as we begin colonizing other planets.

Visit his YouTube channels: @SQL Answers and @Crypto Answers. He is extremely knowledgeable and will be a valuable resource for you.

Links to Bill's YouTube Channels:
https://www.youtube.com/channel/UCbc8V1Vu4ZKixpo3Q4okgQQ
https://www.youtube.com/channel/UCpgih9OVZAVUViNQt341QpA

Mars will serve as the primary destination for our first colony outside Earth. I break down my rationale of why I think this is the case in the first 2 minutes. 🠂 🠂

I follow this up by briefly summarizing how Bitcoin works on Earth for those that need a refresher or are new to the mechanical side of Bitcoin. 🠂 🠂

After clearing up any misconceptions about the mechanics of Bitcoin, I describe the initial conditions and considerations for the nascent colony on Mars. 🠂🠂

Bill and I wrap up the video by diving into Bitcoin as money for Martians 🠂🠂 setting up the bitcoin network 🠂🠂 specific software considerations related to an interplanetary bitcoin network 🠂🠂 bitcoin mining on Mars 🠂🠂 and some Physics & Limitations given current hardware.

Overall, this is a great video that I think anyone can enjoy! #bitcoin #blockchain #mars #space #software

Timestamps:
0:00 - Habitability in the Solar System
2:34 - Picking Mars
3:12 - How Bitcoin Works on Earth
3:34 - Bitcoin's Value Proposition
4:20 - Bitcoin's Block Subsidy
5:19 - Bitcoin's Proof-of-Work Mechanism
6:07 - Bitcoin's Network & Nodes
6:58 - Bitcoin's Layer 2 Solutions
8:10 - Colonizing Mars Intro
8:58 - Machines - Year 2083
10:40 - Human Arrival - Year 2137
12:10 - Raw Materials on Mars
13:22 - Governance on Mars
15:45 - Bitcoin on Mars - Year 2357
16:31 - Bitcoin Addresses for Astronauts
19:20 - Bitcoin Network Setup on Mars
21:20 - Bitcoin Software Considerations on Mars
23:00 - Bitcoin Mining on Mars
26:13 - Physics & Limitations

Sources:
Bitcoin
https://bitcoin.org/bitcoin.pdf
https://wiki.bitcoinsv.io/images/9/9a/Block_subsidy.png
https://bitcoin.org/bitcoin.pdf
https://bitcoin.org/en/how-it-works
https://lightning.network/lightning-network-paper.pdf
https://en.wikipedia.org/wiki/Elliptic_Curve_Digital_Signature_Algorithm
https://en.wikipedia.org/wiki/Schnorr_signature
https://bitnodes.io/

Venus
https://nssdc.gsfc.nasa.gov/planetary/factsheet/venusfact.html
https://www.jpl.nasa.gov/news/venus-air-pressure

Mercury
https://solarsystem.nasa.gov/planets/mercury/in-depth/
https://nssdc.gsfc.nasa.gov/planetary/factsheet/mercuryfact.html

Gas Giants
https://exoplanets.nasa.gov/what-is-an-exoplanet/planet-types/gas-giant/

Earth's Moon
https://solarsystem.nasa.gov/moons/earths-moon/in-depth/

Other Moons
https://solarsystem.nasa.gov/moons/jupiter-moons/europa/in-depth/
https://solarsystem.nasa.gov/moons/saturn-moons/titan/in-depth/
https://solarsystem.nasa.gov/moons/saturn-moons/enceladus/in-depth/?ftag=MSF0951a18
https://theastronet.org/three-most-habitable-moons/

Mars
https://solarsystem.nasa.gov/planets/mars/in-depth/
https://mars.nasa.gov/all-about-mars/facts/
https://mars.nasa.gov/mars2020/mission/communications/
https://en.wikipedia.org/wiki/Ore_resources_on_Mars
https://eyes.nasa.gov/apps/mrn/#/mars
https://www.astro.umd.edu/~hamilton/HONR/Presentation/WaclawiwMatthew_0.pdf

Threats to Human Life for Astronauts
https://mars.nasa.gov/all-about-mars/facts/
https://www.nasa.gov/https://www.nasa.gov/hrp/elements/radiation/abouthrp/elements/radiation/about
https://www.nasa.gov/audience/foreducators/postsecondary/features/F_Understanding_Space_Radiation.html

Raw Materials & Energy Sources
https://www.nature.com/articles/nature07978
https://geology.com/articles/titanium/
https://www.metalsupermarkets.com/common-uses-aluminum/
https://www.astro.umd.edu/~hamilton/HONR/Presentation/WaclawiwMatthew_0.pdf
http://large.stanford.edu/courses/2017/ph240/black1/

Satellites, Hardware, Equipment, Signal Transmission, Etc.
https://eyes.nasa.gov/apps/mrn/#/mars
https://www.starlink.com/
https://mars.nasa.gov/mars2020/mission/communications/
https://en.wikipedia.org/wiki/Satellite_Internet_access
https://solarsystem.nasa.gov/planets/mars/in-depth/

Physics & Limitations: Solar Conjunction & Transmission Loss
https://gfycat.com/falsesparseaurochs
https://theskylive.com/3dsolarsystem?objs=c2017k2|255p|c2021p4&date=2022-08-27&h=18&m=10&
https://gfycat.com/falsesparseaurochs
https://mars.nasa.gov/all-about-mars/night-sky/solar-conjunction/