You Can Now Pay for Your Rocket Trip to Space Using Fake Money

Billionaire says bitcoin is rightfully reinventing currency

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AP

Sir Richard Branson announced Friday that Virgin Galactic, his commercial space flight venture, will accept the cyber currency bitcoin as payment for future rocket travel.

Branson, the billionaire entrepreneur and an early bitcoin investor, teased the idea in a tweet before elaborating in a blog post and appearing on CNBC’s “Squawk Box” (below) via Skype from Necker Island, his private Caribbean enclave. Labeling the digital payment option “a new exciting currency,” he said Virgin Galactic has already accepted its first bitcoin transaction from a flight attendant from Hawaii. It was transferred into actual dollars so there’s a fixed price, he added, and “we can actually pay her the money back if she changes her mind about going to space in a few months.”

Seats on the eventual flights currently cost $250,000 each, or about 321 bitcoins. As far as his reasoning goes, Branson is convinced Virgin Galactic is “driving a revolution” and that bitcoin is doing the same when it comes to reinventing society’s idea of currency. This week, a Los Angeles-based online travel agency and a private university in Cyprus became the latest businesses to begin accepting the decentralized digital payments. Bitcoin was trading at $13 in January, but had just topped $600 as the Department of Justice told a Senate committee that it wasn’t illegal.

[CNBC]

7 comments
steeveandrewstephen
steeveandrewstephen

Hey everyone,


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caspercat1997
caspercat1997

Whats more fake than the money that the government can counterfeit themselves? Frankly nothing.

ScottParr
ScottParr

I realize I may upset the bitcoiners apparently taking offense, but that headline cracked me up!

steve5
steve5

"Fake" money? The Bitcoin is more real to currency than Time is to journalism.

iQPay
iQPay

Absolutely crazy. OK, I understand its all pocket change and good press for Sir Richard, but this bitcoin thing is crazy. Can't we all just go back to tulip bulbs? At least when it falls apart you can plant some nice flowers. I think bitcoin is broken on so many levels - I've tried to explain why at the link below . That said, I'm probably missing something, so please tell me why I'm wrong in the comments!! http://iqpay.co.uk/problemswithbitcoin/

TanmayLololAnaisPradhan
TanmayLololAnaisPradhan

How is Bitcoin fake money ? Its pervasive on the internet, tons of businesses and private people use it. Its been in use for some years now. You can exchange it for dollars, euros, rubles, pizza, whatever.

Its quite another thing that Big Money doesn't like it. It takes away their control over other people's lives.

Plenty of anti bitcoin smear articles have been coming since last year. The bias is obvious. This author is just another stooge.