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> Also, unlike Gold which could possibly be mined from Mars in the future, Bitcoin has a limited supply only. With only 21 million Bitcoins available... I mean

> Also, unlike Gold which could possibly be mined from Mars in the future, Bitcoin has a limited supply only. With only 21 million Bitcoins available... I mean, c’mon. There’s already BCH and a thousand altcoins out there, this argument is pretty weak. I too am somewhat pessimistic about our ad-hoc, poor man’s UBI vis-a-vis the stimulus but this too shall pass, the end of the pandemic is in sight even as we enter the worst period, and I feel like this has largely - somehow - been priced into the market. I find it much more likely that tether being printed from thin air has been driving a lot of the price increase and when that bubble pops we will see where the chips really lie.

suikadayo 6y ago
I’m personally looking forward to what comes out as a result of the Tether court case. It’s mysterious how Bitcoiners hate the Fed printing money but they get awfully quiet with Tether printing money.
robjan 6y ago
It's not possible to mine bitcoin on Mars without the network forking since half the time Mars is far enough that it can't communicate with Earth within the block time of 10 minutes. As soon as Earth and Mars come within 10 minutes of each other the main Blockchain (presumably on Earth) will prevail, and the consensus will be that the coins mined on Mars are worthless. Any new coins generated during this alignment may be valid depending on if the timings match up but the Mars miners will always be at a distinct disadvantage.