Based on the hash horizon of Bitcoin (~180 000 000 km or 1.2 UA) the competition for mining would remain close to the earth. So yeah, at first people living on other planets and moons will be using Bitcoin and its L2s and L3s, but those outside the hash horizon of Bitcoin will considered to not be totally financially independent as they could not mine profitably. This would be the sparkle to ignite a new planetary timechain, one sufficiently far apart from the Bitcoin timechain in order to not overlap those markets.
So long story short, there would be multiple timechains within a solar system, ones that are sufficient apart to not overlap and one with an even lower time preference (ie. longer time block).
To learn more about this, check out Bansal's article "Bitcoin Asrronomy" and/or the magnificent graphic novel of EncryptFractal "The Timechain Codex" (https://www.swanbitcoin.com/the-timechain-codex/)
npub1ez…c8utn
2023-03-10 06:00:34
in reply to nevent1q…nla4
Author Public Key
npub1ezaezjyuhnjqkj3unzhc6tqzdu5u7zgd0k4au6yrjvcftjx6gz8s9c8utnPublished at
2023-03-10 06:00:34Event JSON
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"kind": 1,
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"content": "Based on the hash horizon of Bitcoin (~180 000 000 km or 1.2 UA) the competition for mining would remain close to the earth. So yeah, at first people living on other planets and moons will be using Bitcoin and its L2s and L3s, but those outside the hash horizon of Bitcoin will considered to not be totally financially independent as they could not mine profitably. This would be the sparkle to ignite a new planetary timechain, one sufficiently far apart from the Bitcoin timechain in order to not overlap those markets. \n\nSo long story short, there would be multiple timechains within a solar system, ones that are sufficient apart to not overlap and one with an even lower time preference (ie. longer time block).\n\nTo learn more about this, check out Bansal's article \"Bitcoin Asrronomy\" and/or the magnificent graphic novel of EncryptFractal \"The Timechain Codex\" (https://www.swanbitcoin.com/the-timechain-codex/)",
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}