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Elon Musk Says Cryptocurrency Will Be Used On Mars

The economy on Mars will likely run on cryptocurrency.

Justin MacLachlan

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SpaceX and Tesla CEO Elon Musk has stated that any future economy on Mars will likely be cryptocurrency-based.

The tech billionaire, who is also one of the co-founders of online payments giant PayPal which originally strived for a system like Bitcoin, has said in the past that he hopes to send the first humans to Mars as early 2024, with the ultimate aim of setting up a “self-sustaining city on Mars as soon as possible”.

Now, while responding to a Twitter thread started by AI researcher Lex Fridman, Musk stated that a “Mars economy will run on crypto”, suggesting it could be with the novelty cryptocurrency dogecoin which made him the unofficial CEO or a crypto asset named Marscoin.

Although Musk may have been making a joke, the Marscoin project actually exists. Marscoin was founded in 2014 and saw a brief surge in popularity during the cryptocurrency market bull run in late 2017 but its volume has died down. The altcoin currently has a market cap of less than $100,000, according to CoinMarketCap at the time of this report.

In comparison Dogecoin started as a meme is currently sitting at a market cap of $580,928,809 according to Coingecko.

Dogecoin, the project that Musk is the former CEO of, could be a more likely candidate to use. This is given its popularity and that it shares many of the same decentralized properties as Bitcoin.

The SpaceX founder has regularly spoken about his life goal to travel to Mars and earlier this year ordered employees to accelerate the development of the next-generation rocket.

SpaceX has previously stated that it would not recognize international law on Mars, instead, they said they would set up “self-governing principles”.

According to the Terms of Service of SpaceX’s Starlink internet project that TMU reported on, any future settlements on the Red Planet would “recognize Mars as a free planet”, adding that “no Earth-based government has authority or sovereignty over Martian activities.”

The terms stated: “Disputes will be settled through self-governing principles, established in good faith, at the time of Martian settlement.” Interestingly enough, this is something that could be achieved through blockchain technology and smart contracts.

“It would be people voting directly on issues,” Musk previously said in a 2016 interview. “The potential for corruption is substantially diminished in a direct versus a representative democracy.”

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In Major First, New System Lets Paralyzed Users Control Tablet Computer Wirelessly

Elias Marat

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In what could be a major breakthrough for people suffering paralysis and other permanent disabilities, the first wireless command to a computer has been demonstrated.

According to a new study published in IEEE Transactions on Biomedical Engineering, scientists at Brown University say that the new system called BrainGate can transmit brain signals at “single-neuron resolution and in full broadband fidelity.”

BrainGate clinical trial participants with paralysis used a small transmitter connected to a person’s brain motor cortex to manipulate the interface of a tablet computer.

Participants were able to achieve the same typing speeds and point-and-click accuracy on the BrainGate system as they could with wired systems.

“We’ve demonstrated that this wireless system is functionally equivalent to the wired systems that have been the gold standard,” said John Simeral, an assistant professor of engineering at Brown University.

“The signals are recorded and transmitted with appropriately similar fidelity, which means we can use the same decoding algorithms we used with wired equipment,” Simeral said.

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“The only difference is that people no longer need to be physically tethered to our equipment, which opens up new possibilities in terms of how the system can be used,” he added.

Neural interface technologies have attracted such high-profile figures as Elon Musk and social media titan Facebook in recent years.

“With this system, we’re able to look at brain activity, at home, over long periods in a way that was nearly impossible before,” said Brown University engineering professor and clinical trial leader Leigh Hochberg.

“This will help us to design decoding algorithms that provide for the seamless, intuitive, reliable restoration of communication and mobility for people with paralysis,” Hochberg added.

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Scientists Discover X-Rays Coming From Uranus For Very First Time

Elias Marat

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Scientists are seeing X-rays being emitted from Uranus for the very first time, according to new research.

On Wednesday, the study was published in the Journal of Geophysical Research that lays out how a comparison of two images of the planet taken by the Chandra Observatory in 2002 and 2017 show a clear detection of X-rays in the first image, while the second shows a possible flare of X-rays on the enigmatic and icy planet.

According to NASA, the reason for these X-rays is “mainly the sun.”

However, “there are tantalizing hints that at least one other source of X-rays is present,” the space agency noted.

“One possibility is that the rings of Uranus are producing X-rays themselves, which is the case for Saturn’s rings,” NASA said. “Another possibility is that at least some of the X-rays come from auroras on Uranus, a phenomenon that has previously been observed on this planet at other wavelengths.”

X-rays can be provide a crucial window into the processes and characteristics of our universe. In the case of Uranus, these characteristics can include “atmospheric, surface and planetary ring composition.”

And while X-ray lights given off by the sun have been previously observed by astronomers on Jupiter and Saturn, this hasn’t been the case for icy giants like Uranus and Neptune.

The agency hopes that by figuring out the origin of the X-rays observed at Uranus, researchers can better grasp how mysterious objects including black holes and neutron stars emit X-rays.

Uranus is roughly four times the diameter of Earth and is the seventh planet from the sun, and is known for its distinct pair of rings around its equator and its unique side rotation.

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Breathtaking New Image of Black Hole Reveals Ultrapowerful Magnetic Fields

Elias Marat

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Two years after the first-ever image of a black hole was produced, an international team of scientists have released an updated view of the magnetic fields surrounding it, saying that the groundbreaking new development allows us to understand the Messier 87 (M87) galaxy’s ability to “launch energetic jets from its core.”

In a press release, the Event Horizon Telescope (EHT) said that over 300 researchers collaborated on the project and the  findings were published Wednesday in two separate papers in The Astrophysical Journal.

In April 2019, scientists from EHT captured the world’s attention by releasing an image of the supermassive black hole lying at the center of M87, which is located 55 million light-years away from Earth.

The striking image showed a dark central region outlined by a ring-like structure, which scientists described at the time as “emission from hot gas swirling around it under the influence of strong gravity near its event horizon.” In the new image captured through polarized light, brightly colored streaks of light can be seen corresponding with its magnetic field.

“We are now seeing the next crucial piece of evidence to understand how magnetic fields behave around black holes, and how activity in this very compact region of space can drive powerful jets that extend far beyond the galaxy,” said Monika Mościbrodzka, coordinator of the EHT Polarimetry Working Group and a professor at Radboud Universiteit in the Netherlands.

The new observations, which are based on data collected by EHT researchers, should provide crucial insights on how a galaxy can project streams of energy thousands of light-years outward from its core.

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