SpaceX founder Elon Musk has stated that any future financial system on Mars could possibly be cryptocurrency-based. Whereas responding to a Twitter thread began by AI researcher Lex Fridman, Musk agreed the Martian financial system “will run on crypto”. He additionally instructed that it could possibly be with the novelty cryptocurrency dogecoin or fringe cryptocurrency “Marscoin”.
In accordance with The Unbiased, the Marscoin undertaking was based in 2014 and noticed a short surge in reputation throughout the cryptocurrency market bull run in late 2017. Whereas the Marscoin drifted into obscurity, the altcoin, then again, at present has a market cap of lower than $100,000. Dogecoin is also a extra probably candidate, given it continues to be comparatively in style and even shares lots of the similar decentralised attributes as bitcoin.
Earlier, the worth of dogecoin had additionally surged greater than a 3rd after Musk modified his Twitter bio to “former CEO of Dogecoin”. In the meantime, the SpaceX founder has repeatedly spoken about his ambition to journey to Mars in his lifetime. He has additionally ordered his staff to speed up the event of the next-generation Starship rocket.
SpaceX Mars Mission
Musk’s dream undertaking, SpaceX Mars Mission, is anticipated to launch folks to the purple planet from 2024. In a current interview, Musk had stated that he was planning to finish the manned Mars mission inside 2026. SpaceX is working to finalise the prototypes they usually have already ready their newest prototype referred to as SN8 or Serial No. 8.
The scientists are going to test how this prototype performs. SpaceX is aiming to launch the SN8 on the velocity of 15 km, which is far larger than the velocity utilized by any rocket thus far. The earlier three engine prototypes named Star hopper, SN5, SN6 attained a minimal altitude of 500 throughout the take a look at flight. The take a look at flights had been performed prior to now yr. Elon Musk needs to make use of his SpaceX mission to assist humanity and likewise plans to create a “Colony of People” on Mars.