Bitcoin... In Space?

Okay, this will be a short post, as some of my favorite subjects have come together in a rather special way. A year ago I wrote about the ludicrous idea to sell pieces of the Moon's surface in Lunartics!: believe it or not, you can actually buy a piece of the Moon...

_{source: Max Pixel}

Or so they claim; when you make a purchase it comes with several pieces of paper, including a "Lunar Land Deed", described on the website as a "legal document listing the actual location of the purchased lunar land property by quadrant, lot number, latitude and longitude." Yeah, right. Why would anyone buy such a shady "product", something they'll never be able to see with their own eyes? Well, LunarLand.com has just been bested by a much better initiative, but still on the shady side if you ask me. So read the following with care, watch the video, read the website and make up your own mind before investing anything in the upcoming ASTR coin...

Asteroid LTD claims to "democratize space" by making it possible for all people to claim a piece of space. A piece IN space actually; they are tokenizing future asteroid mining rights! This is a huge step forward from the "Lunar Land Deed" because although cryptocurrencies are also never to be seen with our own eyes, we know that blockchain technology is especially well suited for Asset Tokenization. In the video the claim is made that there are billions of dollars of metals contained within each asteroid, and that we will run out of industrially used metals sooner or later; that's already two claims I haven't been able to research, and both aren't necessarily true.

_{source: LunarLand.com}

Still, I love the possibilities for democratizing financial power through public open source decentralized ledgers, and I love everything related to space exploration. The Asteroid LTD smart-contract will enable a crypto-currency called ASTRcoin that can be used to buy and sell claims to pieces of the 600,000 already identified asteroids in our solar system that will be stored in the ledger. This will work through something called a "BlockClaim", with 1 ASTRcoin being equivalent to 1 BlockClaim. This BlockClaim will keep a record in the Asteroid LTD blockchain of claims made on those asteroids. This system will be modeled after the same system that's used to claim domain-names on the internet. From the whitepaper:

"Asteroid, Ltd. is building a decentralized database whereby private individuals, corporations and nation states can register claims on mining rights to over 600,000 identified asteroids in our near celestial orbit using a smart contract and proprietary BlockClaim® mechanisms."
_{source: Asteroid LTD}

Like I said, this is very early stages, and their website says as much: "While all of us want an immediate sense of monetary success, often, as the proverb goes, the slow and steady wins the race." Also, I'm not much of a pioneer myself, so I'll just watch what happens, or maybe take a gamble and buy a couple of hundreds of ASTRcoin (you'll need an ERC20 wallet); right now they're in pre-sale at $0.16 a coin. Watch the SPONSORED video, visit the website, read the whitepaper; do your due diligence before doing anything, and as always, only invest if you're prepared to lose the investment. Not financial advice this is...

Asteroid LTD homepage: https://asteroidltd.io/

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