Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Tech News

A few smarties are trying to create space cryptocurrency via Bitcoin

(TECH NEWS) Two space entrepreneurs are in an all out sprint of a race to put Bitcoin in space… creating a cosmic crypto, if you will.

bitcoin in space

RIDE THE NEXUS

I freaking love the 21st century. Nexus is a cryptocurrency. More than that I hesitate to say, but if you would like an in-depth and… a restrained word might be “enthusiastic” summary, don’t hesitate to venture down the Nexus rabithole.

bar
On the subject of enthusiasm, Nexus would like, please, to be Bitcoin for space.

WHAT? I MEAN – WHAT?

Yeah, that’s not a joke. Not intentionally, anyway. Cryptocurrency folks aim high (we are talking about the people who want to reinvent money without government, that’s a tall ask by itself) and are known to have theoretical eyes bigger than their socioeconomic tummies.

But I gotta say, actual space is a new level of Big Idea.

That said, it’s not out of nowhere. The founder of Nexus is Colin Cantrell, whose father Jim has what has to be one of the most fun job titles I’ve ever had the pleasure of typing: space entrepreneur. Jim Cantrell is an actual rocket man.

He worked for the Jet Propulsion Laboratory in college, then leveled up to designing satellites for the Department of Defense, then leveled up again to working with Elon Musk in the early days of SpaceX.

Advertisement. Scroll to continue reading.

These days, his thing is Vector Space Systems. Their thing is substantially reducing the cost of access to space. Which, rad. Anything that increases my chances of gazing at the blue marble with Blue Danube playing – I’m about that. In particular, they’re looking to get small, cheap “cube satellites” spinning around up there, which among other things would basically constitute a universal phone network, letting you grab a few bars literally anywhere on Earth. That, too, sounds rad.

How in every heck does that relate to Bitcoin?

Cosmic cryptocurrency

Here’s the deal. The ten most common electronic products on Earth consist of literally two categories, and one is cellphones. (The other is game consoles which, tragically, do not feature in this article.) More people have access to cellphones than running water. Really.

So, yeah, LOL, space money. Even space money plus actual space guy seems kinda silly.

Then you remember you already hang out with space.

Got satellite TV? When was the last time you saw a smartphone that didn’t ship with GPS? As of 2015 there were 2.5 billion smartphones already on planet Earth. The smart money says more like 6 billion by 2020, overtaking non-smart phones (no offense, other phones, I just don’t know what else to call you. See what I did there? “Call you?” Comedy gold here at AG) as the most popular way to move information short of shouting.

Advertisement. Scroll to continue reading.

Then you remember Vector Space Systems exists to make access to space cheaper and more widely available.

One of their big projects is to put so many inexpensive, decentralized satellites in the sky you can get a solid three bars anyplace on the planet.

THEN your eyes get wide, because not only is there a guy who wants to make it way easier to talk to space, and a guy who wants to turn money into information, as in, something you can send through space with a phone, the second guy is the first guy’s son.

New potential

Nexus. Universal satellite internet, plus encrypted, peer-to-peer exchange, equals a way to swap money, goods and services in a way that literally cannot be regulated until someone invents Space Police.

It’s the longest of long shots. But if it happens, there will quite literally be space money.

#CosmicCrypto

Advertisement. Scroll to continue reading.
Written By

Matt Salter is a writer and former fundraising and communications officer for nonprofit organizations, including Volunteers of America and PICO National Network. He’s excited to put his knowledge of fundraising, marketing, and all things digital to work for your reading enjoyment. When not writing about himself in the third person, Matt enjoys horror movies and tabletop gaming, and can usually be found somewhere in the DFW Metroplex with WiFi and a good all-day breakfast.

2 Comments

2 Comments

  1. Pingback: Ethereum founder says that their volume will match Visa's soon - The American Genius

  2. Pingback: A few smarties are trying to create space cryptocurrency via Bitcoin |

Leave a Reply

Your email address will not be published.

The
American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.

Advertisement

KEEP READING!

Business Finance

(FINANCE) The thousands of banks and millions of merchants on the Mastercard network could soon integrate cryptocurrency in their products and purchases

Business Finance

(FINANCE) Walmart is looking to hire a Cryptocurrency Lead and the job listing has some interesting language, leading us to wonder what they're up...

Business Finance

(BUSINESS FINANCE) It isn't the first time that China has tried to compete with the dollar, but the release of a digital currency has...

Business Finance

(BUSINESS FINANCE) India is potentially planning to ban cryptocurrency — and instead, they're planning to introduce their own version of it for purchase.

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.