Bitcoin in Space with Dhruv Bansal - WBD322
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 17 March 2021
⏱️ 108 minutes
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Summary
Location: Remotely Date: Tuesday 16th March Company: Unchained Capital Role: Co-founder
With SpaceX CEO Elon Musk "highly confident" that his company will land humans on Mars by 2026, the human colonisation of another planet within our solar system has never been closer. Once humans settle on another world, one question that will have to be solved is what money will be used as the local currency? The obvious answer may, on the surface, be bitcoin. But how would that work?
With the time it takes to send a signal over such a vast distance, we will need to consider how bitcoin functions at scale throughout the solar system. Sending bitcoin transactions from Mars to Earth could work fine if you don't mind waiting several hours for confirmation, but mining will be impossible on Mars. So, will we use bitcoin on Mars, or will its colony rely on a new 'Muskcoin'?
In this interview, I talk to Unchained Capital co-founder Dhruv Bansal. We discuss his Bitcoin Astronomy series of articles, the prospects of Bitcoin as an interplanetary currency, SpaceX, colonisation of other planets, and hyperbitcoinisation.
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Transcript
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| 0:00.0 | We can't build one currency for our entire |
| 0:05.0 | fucking planet. That's an okay thing. That's still an admirable |
| 0:08.0 | gold. We don't have to feel as Bitcoiners that we've somehow failed |
| 0:11.0 | if that first currency can't be used on every planet of the Cosmos. |
| 0:15.9 | Hello there from Bedford, the Bitcoin capital of the Galaxy. |
| 0:19.7 | How are you all doing? |
| 0:21.6 | Bitcoin is chilling at around $55,000, |
| 0:24.6 | looking pretty stable around this price. |
| 0:27.0 | Kind of amazing. |
| 0:28.2 | About a year ago, we saw that crash down to below 4,000. |
| 0:31.4 | And here we are, massive new ball-time highs probably be back over 60K |
| 0:36.1 | soon right? Anyway I hope you're having a good week welcome to the What Bitcoin |
| 0:40.0 | did podcast which is brought to you by the mighty Krakhan, the best place to buy, |
| 0:43.4 | sell and trade Bitcoin. I'm your host Peter McCormack, and today I've got an interview with the |
| 0:48.0 | co-founder of Unchained Capital Drove Banza and we're going to be getting into |
| 0:52.1 | his series of articles |
| 0:53.7 | Bitcoin Astronomy and I'm not gonna lie this is my favorite interview I've ever |
| 0:57.8 | done in author and 22 this is the one but before we get into, I do have a message from my amazing show sponsors. |
| 1:05.0 | Okay, first up we're going to talk about Krakhan, my favorite place for buying and selling Bitcoin, and the only place I use in this galaxy for buying and selling Bitcoin. But why P? Well, |
| 1:15.8 | Krakhan has consistently rated the best and most secure crypto exchange and as you know, |
| 1:20.1 | because I go on about it all the time security is really important to me |
| 1:23.3 | but they also have the best in class and customer service so if you've got an issue |
... |
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