Tag: musk

Using bitcurrency could get you sued

Suggesting cryptocurrency for clients could get you sued, as poor-little-rich-boy Elon Musk has found out.

A Dogecoin investor is taking Elon Musk and his two companies Tesla and SpaceX to court, over claims of running a pyramid scheme with Dogecoin, which Musk once hailed as the “people’s crypto”.

Musk was so fond of Doge that he would tweet about it regularly. He also announced the sale of Tesla merch for Doge and asked customers whether they’d like the chance to pay for Tesla cars with the token. He would share memes and insights into Doge, and ended up branding himself the DogeFather.

Elon Musk wants to build internet in space

spacex-grasshopper

Elon Musk, the bloke behind Tesla Motors, SpaceX, and SolarCity wants to build a second internet in space.

The idea is that it will connect people on Mars to the Web.

The big idea is to launch a vast network of communication satellites to orbit earth. The network would do two things: speed up the general flow of data on the Internet and deliver high-speed, low-cost Internet services to the three billion-plus people who still have poor access to the Web.

This will create a global communications system that would be larger than anything that has been talked about to date.

Space Internet will see hundreds of satellites would orbit about 750 miles above earth, much closer than traditional communications satellites in geosynchronous orbit at altitudes of up to 22,000 miles.

The lower satellites would make for a speedier internet service, with less distance for electromagnetic signals to travel.

Musk’s cunning plan is to set up a system that would rival fibre optic cables on land while also making the internet available to remote and poor regions that don’t have access.

Internet data packets would no longer have to go through dozens of routers and terrestrial networks. Instead, the packets would go to space, bouncing from satellites until they reach the one nearest their destination, then return to an antenna on earth. Relay satellites could connect the system to Moon or Mars bases.

The office will start with about 60 people and may grow to 1,000 within four years. The employees will also work on SpaceX’s Falcon rockets, Dragon capsules, and additional vehicles to carry various supplies and people into space.