SpaceX is targeting 5PM (Texas) February 26 2025 for SpaceX Starship flight 8.
If things go right, SpaceX has already submitted an FCC filing for SpaceX flight 9. Flight 9 will go orbital and has the option to catch the second stage Starship.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
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Here’s a novel idea to reduce debt interest payments, and fund industrialization of Space.
Create a stable coin, collateralized by the minting of a single 1 trillion dollar platinum coin, which is deposited in a federally owned coin bank with the provision that it will never be withdrawn.
One trillion stable coin are created, backed by the trillion dollar coin, pegged to the dollar at one-to-one exchange rate.
Sell the stable coin on the open market, maybe with a slight bonus over the current dollar value when foreign currencies are used.
The stable coin will be exchangeable, like the Tether coin, and be an official unit of currency of the USA.
As the 1 trillion dollar collateral will never be removed, the income from sales of the stable coin will be profit, after expenses.
Some percentage to be directed to space industrialization, some to buy down debt, some for loans, donations, etc.
At first, only whole stable coins will be created, with separate issues of fractional coins — a penny, nickel, and dime coin, being created later, backed by a similar minting and deposit of a 1 trillion dollar coin.
The fractional coins — Frax, would be for small-scale transactions, and allow for individuals in low income nations to protect their worth in times of local fiat high inflation, and online retail use.
The whole coin — let’s call it, “American Dream” coins, AD coins, would be used by America for international donations, loans, and investments, instead of general fund dollars, priming the pump; getting it circulation.
As the AD coin is fully collateralized by the 1 trillion dollar coin, pegged to the value of the dollar, and official legal tender, the coin will have the same value as a dollar donation.
As each coin can be serialized from 1 – through 1 trillion, the expenditure of such donations or loans by recipients can be tracked as it is spent, reducing the possibility of corruption.
All such foreign expenditures would be capped to not exceed a certain percentage of the profit made on coin sales.
This would encourage other governments to buy AD coin, as a type of insurance, in the event of an emergency that requires American assistance.
The greater it’s adaptation, the more profit America has to donate in emergencies.
Possible slogan:
“Invest in America, if you think you might needs us some day”.
This approach is different from earlier 1 trillion dollar coin minting proposals, in that, it does not enter into circulation, avoiding inflation.
It could also be used to buy back bonds using AD stable coin, retiring debt without general funds expenditure.
I’ve deep dived on this, and I’ve seen no same or similar proposals.
Depending on market appetites, one new trillion dollar coin could be minted per year.
The physical coin could be a large, sculptural disk, made of 1 ton of platinum, and kept on public display as a symbol of the coins real existence.
Build a secure yet public Hall of Coins museum, adding a new coin each year.
There are many benefits to this plan, beyond those I’ve outlined.
And, who cares if Trump’s head appears on, “The first, the biggest, the best coin America has ever minted!!” if it helps get it done.