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Learning & News => News related to Crypto => Topic started by: sirty143 on January 09, 2024, 12:15:13 PM

Title: Crypto Exchange Bitmex Sends Physical Bitcoin to the Moon — Expects to Land on L
Post by: sirty143 on January 09, 2024, 12:15:13 PM
Crypto Exchange Bitmex Sends Physical Bitcoin to the Moon — Expects to Land on Lunar Surface Next Month

(https://i.imgur.com/rYadkYsm.jpg)

Cryptocurrency derivatives exchange Bitmex is sending a physical bitcoin to the moon. “The bitcoin wallet in the shape of one coin will land on the Moon aboard the Peregrine spacecraft, making this the first financial asset to touch the lunar surface!” Bitmex detailed. See more for yourself here (https://news.bitcoin.com/crypto-exchange-bitmex-sends-physical-bitcoin-to-the-moon-expects-to-land-on-lunar-surface-next-month/).

Your opinion is greatly appreciated.
Title: Re: Crypto Exchange Bitmex Sends Physical Bitcoin to the Moon — Expects to Land on L
Post by: Senin on January 09, 2024, 12:56:14 PM
The 1.2-ton Peregrine lander was launched early on January 8 from Cape Canaveral, Florida, on a Vulcan rocket. The lunar expedition was organized by competitors of Elon Musk and his Space X in private space exploration.

However, Astrobotic, which developed the Peregrine lunar lander, has already reported engine problems that jeopardize the mission. Peregrine experienced problems within hours of separation from the Vulcan launch vehicle. Astrobotics said that due to a malfunction, the module was “unable to achieve a stable position with orientation towards the Sun” to charge the onboard batteries. As a result, the engineers were able to successfully deploy the module in the desired direction and charge the batteries, but then problems arose with fuel. Depending on the level of losses, this may indicate that the module is being transferred to an alternative orbital trajectory instead of attempting to land, or the mission is being canceled altogether due to the inability to control its course or position.

Peregrine's payload, in addition to physical Bitcoin, includes a Ukrainian flag and map of Ukraine donated by Spacebit founder Pavel Tanasyuk, works of art, a Japanese time capsule containing 185,872 messages from children around the world, and cremated ashes of people (including celebrities such as Star Trek creator Gene Roddenberry and science fiction writer Arthur C. Clarke).

https://itc.ua/news/myssyya-peregrine-veroyatno-ne-dostygnet-luny-yz-za-krytycheskoj-potery-toplyva/

https://www.bbc.com/russian/articles/c1vy9yddlzdo
Title: Re: Crypto Exchange Bitmex Sends Physical Bitcoin to the Moon — Expects to Land on L
Post by: Alcor on January 10, 2024, 07:54:21 AM
Unfortunately, the private Peregrine lander, which was launched from the American Cape Canaveral, will not be able to land on the Moon due to a critical loss of fuel. The technical problem was reported by the company that created the module, Astrobotic Technology, just a few hours after launch.

The company initially said that shortly after the vehicle separated from the launch vehicle, an anomaly was discovered that "prevented the module from achieving a stable orientation towards the Sun. Because of this, the module's solar panel did not collect energy, and the battery was discharged. The cause of the problem was a failure in the propulsion system." system, which led to a “critical” loss of fuel.

After some time, Astrobotic Technologies announced that the device’s panel was able to be pointed at the Sun, but Peregrine could only maintain the corresponding direction for about 40 hours, after which it would be left without energy. Therefore, now the goal of the mission is different - to bring Peregrine as close as possible to the orbit of the Moon. This means that the physical Bitcoin that is on the lander will most likely not be delivered to the surface of the Moon. But let's see if our scientists can come up with something to correct the situation.
Title: Re: Crypto Exchange Bitmex Sends Physical Bitcoin to the Moon — Expects to Land on L
Post by: Tribalchief on January 10, 2024, 09:49:40 AM
The entire write up was quite different from the interest topic caption. I literally don't know why I was expecting to see that large amount of Bitcoin is embarking on such mission, but to my greatest surprise, they are sending just one. News like this won't have any effect on the Bitcoin market because, it's more of space exploration than crypto it's self. Bitcoin to the moon isn't actually the moon we are familiar with.

I think most Bitcoin ethusiast won't find this interesting either, considering the fact that everyone is here to make profit and not get excited by a space exploration programme. But in all, I Wish them a save trip.
Title: Re: Crypto Exchange Bitmex Sends Physical Bitcoin to the Moon — Expects to Land on L
Post by: Fenix on January 11, 2024, 01:18:06 PM
Quote from: Tribalchief on January 10, 2024, 09:49:40 AM
The entire write up was quite different from the interest topic caption. I literally don't know why I was expecting to see that large amount of Bitcoin is embarking on such mission, but to my greatest surprise, they are sending just one. News like this won't have any effect on the Bitcoin market because, it's more of space exploration than crypto it's self. Bitcoin to the moon isn't actually the moon we are familiar with.

I think most Bitcoin ethusiast won't find this interesting either, considering the fact that everyone is here to make profit and not get excited by a space exploration programme. But in all, I Wish them a save trip.
The point of sending physical Bitcoin to the Earth’s satellite, the Moon, is purely symbolic. The first money that could get to the moon could be decentralized Bitcoin, and not the money of any state or group of states. But it seems that this event is not destined to come true for technical reasons. The landing module most likely will not be able to land on our satellite.
Title: Re: Crypto Exchange Bitmex Sends Physical Bitcoin to the Moon — Expects to Land on L
Post by: robelneo on January 12, 2024, 12:30:03 AM
Quote from: Alcor on January 10, 2024, 07:54:21 AM
Unfortunately, the private Peregrine lander, which was launched from the American Cape Canaveral, will not be able to land on the Moon due to a critical loss of fuel. The technical problem was reported by the company that created the module, Astrobotic Technology, just a few hours after launch.

This means that the physical Bitcoin that is on the lander will most likely not be delivered to the surface of the Moon. But let's see if our scientists can come up with something to correct the situation.

That's unfortunate Bitmex could have made history for sending one Bitcoin to the moon, I'm sure there will be another attempt at this, they've already spent on this and have planned this only to fail because of miscalculation.

I just wonder, if Bitcoin reaches $1 million in the future and you have 1 Bitcoin on the moon will there be a retrieval team to retrieve that one Bitcoin it was mentioned in the article that it was loaded with one BTC
Quote
The crypto firm further detailed: “Bitmex’s physical bitcoin, weighing 43g and loaded with 1 BTC
and how about that Bitcoin passphrase or keys are they sure that no one knows it so the value will remain in the moon.