Hypothetical Problems concerning the Theory of Relativity on Cryptographic Currency Implementations

TL;DR

This paper explores the feasibility of a single cryptocurrency functioning across the universe, considering physical limitations like the speed of light, and discusses the implications for interstellar trade and currency systems.

Contribution

It introduces a theoretical framework for universal cryptocurrency implementation accounting for relativistic constraints, extending economic concepts to interstellar scales.

Findings

Physical limitations impact information transfer over large distances.

A single universal cryptocurrency faces fundamental constraints due to relativity.

The paper proposes a conceptual approach to interstellar currency systems.

Abstract

Bitcoin has demonstrated there are many security improvements applicable to normal currency. As the human race expands and we colonize other planets, we have to consider how we are going to extend integral parts of of society, and that includes our currency system. Information transferring does not scale well with very large distances, entirely due to physical limitations. For example, there is a maximum speed that any information can travel, and it cannot be faster than the speed of light. In this paper we take these physical limitations into account to give treatment to the following question. Can a single crypto-currency be used across the entire universe? Trivially many currencies can be used with exchange rates but we will try to avoid this as our solution. The idea of this paper was inspired by a paper titled "The Theory of Interstellar Trade" by Paul Krugman, a Nobel Economist.