ICYMI, Bitcoins Were Successfully Sent to Space

By September 16, 2016Bitcoin Business

Genesis Mining made both financial and bitcoin history recently by sending a 3D model of a bitcoin with a paper wallet 34 kilometers into space, then sending 1 BTC to the wallet from Planet Earth, completing the first-ever peer-to-peer financial transaction in space. A youtube video recorded the 34-kilometer space journey, along with the transaction being made on a laptop screen back on Planet Earth. The viewer is able to see vast views of the earth from a vantage point as it moves through space. The journey took place in the United Kingdom. ‘To The Moon’ Once Again! The space transaction symbolizes the cryptocurrency’s one time “to the moon!” mantra when the cryptocurrency was posting exponential growth, according to Marco Streng , CEO and co-founder of Genesis Mining. “We thought that the value would continue climbing until it reached the moon,” Streng told CCN . As a community, we’ve all seen bitcoin increase in value, and we wanted to do our part to demonstrate that there’s no limit to how far bitcoin and cryptocurrency can go. By sending it to space, we wanted to garner the attention of the public to help drive awareness for bitcoin and the growing number of cryptocurrencies on the market. Advice From Visionaries Accompanying the video are some quotes, both audio and in inserted text, from visionaries such as Bill Gates and Sir Richard Branson. One quote reads: “The technical answer in bitcoin is that bitcoin is a remarkable cryptographic achievement, and the ability to create something which is not duplicable in the digital world has enormous value.” The 3D model bitcoin prepares for its space launch. The video was taken by a GoPro camera inside a styrofoam insulated box to protect it from the extreme cold. The camera and the box it was […]

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