Why Is Elon Musk Contemplating Bitcoin on Mars?

Adekunle Joshua

Elon Musk, initially skeptical, now considers using Bitcoin on Mars despite its slow transaction speed

Communication delays (up to 24 light-minutes) between Earth and Mars drive the need for solutions

Proposed solution: Implementing a localized Lightning Network on Mars for faster transactions

Musk's interest in Bitcoin for Mars mirrors his broader enthusiasm for cryptocurrencies and blockchain tech

Future plans for Musk's ventures, including the "everything app" for X, may involve integrating cryptocurrencies into the payment infrastructure.

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