asi0 on Nostr: Based on the hash horizon of Bitcoin (~180 000 000 km or 1.2 UA) the competition for ...
Based on the hash horizon of Bitcoin (~180 000 000 km or 1.2 UA) the competition for mining would remain close to the earth. So yeah, at first people living on other planets and moons will be using Bitcoin and its L2s and L3s, but those outside the hash horizon of Bitcoin will considered to not be totally financially independent as they could not mine profitably. This would be the sparkle to ignite a new planetary timechain, one sufficiently far apart from the Bitcoin timechain in order to not overlap those markets.
So long story short, there would be multiple timechains within a solar system, ones that are sufficient apart to not overlap and one with an even lower time preference (ie. longer time block).
To learn more about this, check out Bansal's article "Bitcoin Asrronomy" and/or the magnificent graphic novel of EncryptFractal "The Timechain Codex" (https://www.swanbitcoin.com/the-timechain-codex/)
So long story short, there would be multiple timechains within a solar system, ones that are sufficient apart to not overlap and one with an even lower time preference (ie. longer time block).
To learn more about this, check out Bansal's article "Bitcoin Asrronomy" and/or the magnificent graphic novel of EncryptFractal "The Timechain Codex" (https://www.swanbitcoin.com/the-timechain-codex/)