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Elon Musk: The economy on Mars will be based on cryptocurrency

SpaceX CEO Elon Musk said any future economy on Mars could be based on cryptocurrency.

Elon Musk cryptocurrency

The billionaire, who is one of the co-founders of the giant online payment company PayPal, hopes to send the first people to Mars in early 2024, with the ultimate goal of creating a "self-sustaining city on Mars as soon as possible."

Responding to a Twitter thread started by AI researcher Lex Fridman, Musk agreed that "Mars' economy will be based on cryptocurrency," suggesting it could be with cryptocurrency innovation. Dogecoin or the cryptocurrency Marscoin.

The Marscoin project was founded in 2014 and saw a slight increase in its popularity in late 2017, but has since gone into obscurity. Altcoin currently has a market cap of less than $ 100.000, according to CoinMarketCap.

Dogecoin could be a more likely candidate, as it continues to be relatively popular and has many of the same decentralized characteristics of Bitcoin.

Last week, the price of Dogecoin rose by more than a third after Mr Musk changed his CV on Twitter to "a former Dogecoin CEO".

SpaceX founder Elon Musk often talked about his ambition to travel to Mars during his lifetime and earlier this year ordered staff to accelerate the development of the rocket Starship next generation.

Source of information: independent.co.uk

Teo Ehchttps://www.secnews.gr
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