Connect with us

Science & Tech

Elon Musk Says Cryptocurrency Will Be Used On Mars

The economy on Mars will likely run on cryptocurrency.

Published

on

Like this article? Get the latest from The Mind Unleashed in your inbox. Sign up right here.

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.”

Typos, corrections and/or news tips? Email us at [email protected]

News

Chinese Military Satellite Smashed by Russian Rocket in “Major Confirmed Orbital Collision”

Published

on

Like this article? Get the latest from The Mind Unleashed in your inbox. Sign up right here.

In an incident that is likely illustrative of things to come, Chinese military satellite 1-02 was smashed after it appears to have collided into the debris from a disintegrating Russian rocket.

The collision, which occurred earlier this year, shows the increasing danger of space junk such as satellite parts and other miscellaneous jetsam littering the Earth’s orbit. An estimated 8,000 metric tons of space debris pose the risk of destroying functional equipment such as weather forecasting systems, telecoms and GPS systems – and even manned space travel missions – if the problem isn’t reined in.

The fate of the Chinese satellite was uncovered by Harvard astrophysicist and satellite tracker Jonathan McDowell.

The breakup of Yunhai 1-02 was initially reported by the U.S. Space Force’s 18th Space Control Squadron (18SPCS). However, it wasn’t until recently that McDowell found out what caused the breakup.

The astrophysicist soon found that it was destroyed by space junk that originated from a Russian Zenit-2 rocket that had launched a spy satellite in 1996. On Aug. 14, McDowell found a strange entry in a database on Space-Track.org: “Collided with satellite.”

 “This is a new kind of comment entry — haven’t seen such a comment for any other satellites before,” McDowell tweeted.

“A quick analysis of the TLEs show that Yunhai 1-02 (44547) and [the debris object] passed within 1 km of each other (so within the uncertainty of the TLEs) at 0741 UTC Mar 18, exactly when 18SPCS reports Yunhai broke up,” he added, noting that this “looks to be the first major confirmed orbital collision in a decade.”

However, the Yunhai satellite still remains functional and is transmitting radio signals, notes Space.com.

The incident shows the growing likelihood of such collisions in the high-traffic, littered near-Earth orbital zone.

“Collisions are proportional to the square of the number of things in orbit,” McDowell explained. “That is to say, if you have 10 times as many satellites, you’re going to get 100 times as many collisions.”

He added: “So, as the traffic density goes up, collisions are going to go from being a minor constituent of the space junk problem to being the major constituent. That’s just math.”

A worst-case scenario of such collisions is known as the “Kessler Syndrome,” and describes the possibility of one collision setting in motion a chain of collisions. Such a disaster was the premise of the 2013 film “Gravity.”

One hopes that things don’t reach that point.

In the meantime, however, there have been a number of initiatives meant to tackle the growing problem of space debris, such as the ELSA-d spacecraft launched in a demonstration mission earlier this year.

Typos, corrections and/or news tips? Email us at [email protected]

Continue Reading

News

Boston Dynamics Drops New Video Of 5-Foot Atlas Humanoid Robot Effortlessly Doing Parkour

Published

on

Like this article? Get the latest from The Mind Unleashed in your inbox. Sign up right here.

Robot maker Boston Dynamics has released new video of its two-legged Atlas robot effortlessly completing a parkour obstacle course, offering a new display of its humanoid machines’ unsettling repertoire.

In the video, a pair of Atlas robots can be seen leaping over large gaps, vaulting beams, and even performing backflips. The robot can even be seen jumping over a board while using its arm to remain steady.

While the display seems like anything but “free” running – as the original developers of parkour had envisioned – the routine does seem like an impressive, if terrifying, display of effective coding that took months to perfect, according to the Hyundai-owned robotics firm.

“It’s not the robot just magically deciding to do parkour, it’s kind of a choreographed routine, much like a skateboard video or a parkour video,” said Atlas control lead Benjamin Stephens.

See for yourself:

Unlike its robotic dog Spot, which controversially hit New York City streets last year before being pulled, Atlas isn’t a production robot. Instead, it’s a research model meant to see how far the limits of robotics can be pushed.

In the past, Boston Dynamics has displayed the robot’s feats with videos of Atlas jogging and even busting out some cool dance moves.

Team lead Scott Kuindersma said in a statement that in about two decades, we can expect to coexist with robots that move “with grace, reliability, and work alongside humans to enrich our lives.”

Until then, some of us will continue to reserve our right to feel a bit queasy about the prospect of people being chased down by these skilled free-running (and dancing) machines.

Typos, corrections and/or news tips? Email us at [email protected]

Continue Reading

Environment

South Korean Toilet Turns Poo Into Green Energy and Pays Its Users Digital Cash

Published

on

Like this article? Get the latest from The Mind Unleashed in your inbox. Sign up right here.

What if your morning #2 not only powered your stove to cook your eggs, but also allowed you to pay for your coffee and pastry on the way to class?

It seems like an absurd question, but one university in South Korea has invented a toilet that allows human excrement to not only be used for clean power, but also dumps a bit of digital currency into your wallet that can be exchanged for some fruit or cup noodles at the campus canteen, reports Reuters.

The BeeVi toilet – short for Bee-Vision – was designed by urban and environmental engineering professor Cho Jae-weon of the Ulsan National Institute of Science and Technology (UNIST), and is meant to not only save resources but also reward students for their feces.

The toilet is designed to first deliver your excrement into a special underground tank, reducing water use, before microorganisms break the waste down into methane, a clean source of energy that can power the numerous appliances that dorm life requires.

“If we think out of the box, feces has precious value to make energy and manure,” Cho explained. “I have put this value into ecological circulation.”

The toilet can transform approximately a pound of solid human waste – roughly the average amount people poop per day – into some 50 liters of methane gas, said Cho. That’s about enough to generate half a kilowatt hour of electricity, enough to transport a student throughout campus for some of their school day.

Cho has even devised a special virtual currency for the BeeVi toilet called Ggool, or honey in Korean. Users of the toilet can expect to earn 10 Ggool per day, covering some of the many expenses students rack up on campus every day.

Students have given the new system glowing reviews, and don’t even mind discussing their bodily functions at lunchtime – even expressing their hopes to use their fecal credits to purchase books.

Typos, corrections and/or news tips? Email us at [email protected]

Continue Reading

Trending

The Mind Unleashed