Contents ... Part I Part II Part III This essay by Dhruv Bansal was published in Unchained blog. Contribute. The desire to travel far away and start a new currency will become a powerful driver of human expansion into space. Earth will run on bitcoin, but colonies on Mars, the outer planets, and distant stars will not. Though faraway colonies will value and trade bitcoin, they will choose to launch, defend and use their own local blockchains. ...
Contents ... Part I Part II Part III This essay by Dhruv Bansal was published in Unchained blog. Contribute. This is Part II in a series of speculations about the hyperbitcoinized future. In Part I, we defined the First Law of Bitcoin Astronomy and described how it incentivizes searching for energy to power our growing civilization. In this part, we continue to follow the energy and speculate about how money and society coevolve as humanity expands through space. ...
Contents ... Part I Part II Part III This essay by Dhruv Bansal was published in Unchained blog. Contribute. This is Part III in a series of speculations about the hyperbitcoinized future. In Part I, we defined the First Law of Bitcoin Astronomy and described how it leads to new blockchains as humanity expands through the solar system. In Part II, we described a Second Law which leads to nested blockchains the size of solar systems and beyond, hashing vast energies on cosmic timescales. ...