Live Forever in the Bitcoin Blockchain

The cost of immortality, the possibility to transcend time, depending on your philosophical perspective ,could now be measurable. If you believe the bitcoin blockchain can last forever then you just need to get your DNA sequenced and save your DNA in digital form  on the bitcoin blockchain. 

We have a few moral issues that we brush over here, the validity of DNA preservation and privacy along with the scarcity and abuse of blockspace, but lets not dwell on it. It costs only around $1000 to get your genome fully sequenced. So if you want this its not to hard. Finding a permanent secure database that you can rely on being around for ever and accessible for everyone is where the real challenge lies for those inclines on escaping a metaphorical oblivion.

The bitcoin blockchain is a permanent database for all, but it doesn't like to hold too much information. So firstly, to find out what it might cost and if it is possible, we need to know how many kb are needed to hold human DNA sequence? Well quite a lot, 725mb at most but thankfully this can be losslessly compressed to only 4mb using, our old friend clever cryptography. This still will not fit in one block, but it could be split over many with the details of the file locations detailed. With these data sizes you could get the data saved in a tidy little package on your birthday.

So saving your DNA on the bitcoin blockchain is feasible, but what will it cost? Considering the current rates and fee market dynamics you do currently need to be pretty flush with bitcoin to do this. If you had millions you could conceivably do it in around an hour. The cost in this case is not that predictable and could skyrocket. As a normal person however, if we tried to do it at the current kb transaction rate with a longer time frame and without disrupting the balance, it would cost say 0.0012 btc per Kb or 1.2 btc per MB. That's a grand total of around 4.8btc for the possibility of clone me into infinity, its a lot osf sats but not such a bad deal if you're trying to take over the world.

Mt Gox is Heating Up

Fortress are offering 80% on Rehabilitation claim values

Coinlab are still evil but may be relenting. 

https://blog.wizsec.jp/2021/01/earlier-mtgox-payouts-coinlab.html?m=0

https://blog.wizsec.jp/2021/02/mtgox-claim-calculator.html

Simple Model for Import Export Payments On Chain

I import product for business all the time and i am often forced to use the existing and antiquated system It is a nightmare. Requires a lot of trust, its slow and expensive. Normally paying USD in advanced is the requirement and at the moment you may wait months for your product to arrive with little recourse if its not right. 

There is huge prospect for bitcoin here. Taking advantage of the transparent block chain is also an advantage as when you transfer through the bank you have to trust a long line of intermediates with your money and you never really know where it is when it in limbo. Suppliers are forced to accept unknown exchange rates. Shipping companies have to do a lot of documentation so that part payment plans can be enforced.

So you could make the one transfer in bitcoin it would be much easier and faster, but you can also do lots of new more advanced payment plans better. Here's the plan for a self managed deposit plan.

Three part payment plan for importers and exporters

Agree on the total value at the time of purchase order as measured in bitcoin. eg 20,000 sats This could b e for FOB or delivered pricing. 

Stage 1. Paid to start the order

Stage 2. At some stage when shipping documents are received, eg: Loading onto ship confirmed.

Stage 3. On receipt of goods in good condition at your shop.

On the purchase order a you print a public address where the full sum of funds are sent. this way the supplier knows that you have the money available and they can see on the block chain if you move it. Its easy to do this by just creating a new wallet address in your bitcoin wallet and it will only take one transaction. 

When you transfer the bitcoin from each stage you do it from this bitcoin address.

Its that easy. 

I should really do a flow chart process for you  like i did for my shipping or container tracking and quality assurance stickers in a previous post here.