Monthly Archives: March 2017

Let’s Be Real: Bitcoin is a Useless Investment – Wall Street Journal (subscription) (blog)

Posted: March 11, 2017 at 7:50 am


Wall Street Journal (subscription) (blog)
Let's Be Real: Bitcoin is a Useless Investment
Wall Street Journal (subscription) (blog)
The Winklevoss twins are an unlikely source of philosophical musings about the nature of money. But the rejection by U.S. regulators of their plan for an exchange-traded product holding bitcoin is a good time to ask why bitcoin might have any value ...

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Bitcoin ‘mining’ is big business in Venezuela, but the government wants to shut it down – Washington Post

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By Mariana Zuiga By Mariana Zuiga March 10

CARACAS, Venezuela Venezuela has become widely known as an economic basket case in recent years. But with its cheap electricity and volatile national currency, the country has at least one competitive advantage: Its a good place to make the digital cash known as bitcoin.

Bitcoins are increasingly accepted online for buying real-world goods and services. And, unlike the Venezuelan bolivar, the virtual currency has been going up in value.

Making bitcoins is known as mining, but it requires a powerful computer instead of a pick and shovel. Those computers produce bitcoins by creating elaborate algorithms, but they also suck up a lot of electricity. In many countries, the cost of running a mining terminal can run higher than the value of the actual bitcoins.

Thats not the case in cash-poor, oil-rich Venezuela, where state-subsidized electricity is so cheap its virtually free. But Venezuelas government isnt pleased. Its cracking down on bitcoin mining, even though the country has no laws on the books outlawing the currency or its manufacture.

In November, Venezuelas secret police raided the house of two brothers in Caracas and found more than 90 mining terminals. The agents demanded $1,000 in bribes for each machine, according to the brothers, who spoke on the condition of anonymity because they fear arrest. The brothers said they paid the bribes to stay in business.

This isnt an isolated case and such operations appear to be expanding. In January, Venezuelan federal police arrested four bitcoin miners in the town of Charallave. They were accused of Internet fraud and electricity theft. According to an Instagram post published by Douglas Rico, the director of the federal police agency CICPC, the miners were endangering the stability of the towns electrical service. During that same week, Edward and Erick Tapia Salas were also arrested in Caracas for selling bitcoin-mining machines through a Venezuelan e-commerce site.

Miners have taken to websites such as Reddit to share their fears of being caught. Miners are getting jailed and accused of terrorism, money laundering, computer crimes and many other crimes,read one commentfrom a user who claimed to be Venezuelan. It's getting crazy here and I really don't want to waste my life for money.

Those who keep mining in Venezuela said they have started taking extreme precautions to hide their activities. Luis Len, 25, a business student and bitcoin miner, said miners have learned not to keep all of their computers in one place. If they do, the state power corporation can detect the abnormal amount of electricity the mining terminals use.

That was [the brothers] big mistake, Len said. They were consuming 20 times the normal level of electricity for that house.

Venezuelas crackdown on the bitcoin industry started in March 2016 with the arrest of two miners in the city of Valencia. According to news accounts of their arrest, Joel Padrn, 31, and Jos Perales, 46, were charged with electricity theft and possessing contraband computers.

But miners and bitcoin users are not the only ones at risk. When Padrn and Perales were detained, Daniel Arraez, a 30-year-old economist who was working as a consultant for a Venezuelan bitcoin market called Surbitcoin, was called by the secret police to testify in their case. Padrn had told the agents that he and Perales had exchanged money through Surbitcoin.

Arraez was asked to come to the secret police offices in Valencia. To my surprise, I never returned home, he said. He was placed in the same cell with Padrn and Perales and charged with making illegal transactions and criminal association.

Arraez said his arrest was a way for the government to blame someone else for its ruinous policies, including chronic mismanagement of public utilities. We were only the scapegoats of the disastrous situation in the countrys electricity sector, he said.

After eight months in jail, Arraez was released in October. Hes awaiting a pretrial hearing. Despite having to share a small cell with eight other men and seeing the sunlight only twice a week, he said Venezuelan miners should keep making bitcoins to advance technologically like other countries.

The crackdown has not stopped Venezuelans from using the currency, either. The continued decline of the Venezuelan bolivar has fueled a growing internal demand for bitcoins. According to Surbitcoin, the number of bitcoin users in the country rose from 450 in 2014 to 85,000 last year.

In a country with the worlds highest inflation rate and strict controls on currency exchange, users see bitcoins as a safe alternative to protect their savings. People have also used bitcoins to buy basic products online that have disappeared from Venezuelan shelves.

But the widespread adoption of the currency seems unlikely any time soon: nearly one-third of the population doesnt even have a bank account.

Read more:

Thousands march against Maduro government in Venezuela as crisis deepens

Venezuelas currency is so devalued it no longer fits in ordinary wallets

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Bitcoin Privacy for All: Breeze Wallet Is About to Bring TumbleBit to … – Bitcoin Magazine

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TumbleBit, one of the most promising privacy advancements built on top of Bitcoin, will be implemented in the upcoming Breeze Wallet.

The Breeze Wallet is a bitcoin wallet in development by blockchain startup Stratis, scheduled for release in one or two months. It will serve as a typical bitcoin wallet for desktop computers, but with an added tumbling option. Connected through a TumbleBit tumbler, Breeze Wallet users can mix their coins without needing to trust each other or the tumbler with their coins or their privacy.

We are integrating TumbleBit because its a trustless and secure solution that works with Bitcoin without any forks, Stratis Founder and CEO Chris Trew told Bitcoin Magazine.

Stratis

Stratis is a U.K.-based startup that offers end-to-end solutions for development, testing and deployment of blockchain applications. The company will maintain its own blockchain (the Stratis blockchain), which includes a native token (the Stratis token). Additionally, the company builds tools for existing blockchains, including Bitcoin, Ethereum and BitShares. Stratis projects include a Bitcoin full node in the programming language C#, a Bitcoin software development kit and, indeed, the Breeze wallet, which will hold both bitcoins and the Stratis tokens.

TumbleBit was first proposed by academic researchers Ethan Heilman, Leen AlShenibr, Foteini Baldimtsi, Alessandra Scafuro and Sharon Goldberg. Inspired by its potential, Programming The Blockchain in C# author and Stratis team member Nicolas Dorier started working on an implementation of TumbleBit in C#. He was joined by the co-author of his book, Ficsr dm, who focused on Tor integration.

Now, with the help of dm, Stratis is making the solution available in a convenient and easy-to-use wallet. It is a natural match not only because Stratiss and Doriers implementations of TumbleBit share the same programming language, but also because Stratis has a strong focus on privacy on their own platform, Trew explained.

Regulation is one of the main hurdles for blockchain [technology] and Bitcoin adoption among the financial services industry, he said. The first step of regulatory compliance is privacy of their sensitive financial data. This is one of the reasons for the rise of the private chain and distributed ledger technologies. Our goal is to provide open and public blockchain solutions for the enterprise; to deliver this we must provide transaction privacy on a public blockchain.

Challenges

To realize the privacy features it promises, Breeze Wallet will also introduce a relatively new type of light client. Based on work by Bitcoin Core developer Jonas Schnelli, the wallet will utilize Full Block Simplified Payment Verification, or Full Block SPV.

Full nodes download and verify each block on the blockchain, which can be quite resource intensive. Most light clients therefore only download the specific data thats relevant to them: mostly relating to their Bitcoin addresses. But to do this, they need to share all their addresses with a server or a node on the Bitcoin network.

This server or node and anyone spying on the communication with this server or node learns all addresses that are in the wallet. This makes tumbling coins from one address in a wallet to another address in the same wallet rather pointless.

Instead, dm is currently implementing a type of light client that will download full blocks but immediately discard any data it doesnt need. This requires the wallet to download more data than typical light clients, which is why Breeze Wallet wont be very suitable for mobile wallets anytime soon. But it will be less resource intensive than running a full node and, therefore, easier to use for regular users.

Lastly, one hurdle remains: someone, somewhere, needs to host the tumbler. While this can be done as a hidden service, the TumbleBit developers have been hesitant to do this themselves so far. Such a service may not exactly please regulators and anti-money laundering agencies.

Stratis is now working through the legal and regulatory issues involved with deploying a solution of this type. The ultimate goal is to have a decentralized network of TumbleBit servers. We are working on delivering end-to-end solutions; then we will further develop some of the core components, Trew said.

For more on TumbleBit, read With TumbleBit, Bitcoin Mixing May Have Found Its Winning Answer and Better Bitcoin Privacy, Scalability: Developers Making TumbleBit a Reality.

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‘Mission:ISS’ Lets You Explore Space Station & Spacewalk in Virtual Reality – Space.com

Posted: at 7:49 am

A new virtual-reality simulation lets users explore the International Space Station, dock cargo capsules, go on spacewalks and perform other tasks high above Earth's surface.

The "Mission:ISS" simulation, released yesterday (March 9), is available for free. It works with the Oculus Rift virtual-reality headset and the Oculus Touch motion controllers (reviewed on our sister site Tom's Hardware). Production company Magnopus made the simulation in collaboration with NASA, the European Space Agency and the Canadian Space Agency, the Oculus team said in a blog post.

"Mission:ISS" models spacewalks and other space station tasks in 3D.

"Based on NASA Space Station models as well as discussions with multiple astronauts and the VR Laboratory at NASA's Johnson Space Center in Houston, 'Mission:ISS' recreates the International Space Station in painstaking detail," they wrote.

In addition to performing mission tasks using the Oculus Touch, users will learn about the space station's history and hear astronauts' stories through several included videos.

Users can also dock incoming cargo spacecraft using the station's robotic arm, Canadarm2.

The project also includes two very different types of outreach: A beta program will provide some high school students in the United States access to "Mission:ISS" and the necessary hardware, and the Rift will also be sent to space for astronauts to use on the orbiting lab.

"The Rift will be used for the first time in orbit by European astronaut Thomas Pesquet to test the effects of zero-gravity on human spatial awareness and balance using software developed by the space agencies," the Oculus team wrote. Space station astronauts have also worked with Microsoft's HoloLens headsets, which superimpose virtual-reality elements on the real world to be viewed through the headset, to test a system that guides technical procedures and repairs in orbit.

Email Sarah Lewin at slewin@space.com or follow her @SarahExplains. Follow us @Spacedotcom, Facebook and Google+. Original article on Space.com.

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Within 3 Years, We Could Have Private Space Stations Orbiting the Moon – Futurism

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In Brief

Aerospace entrepreneur Robert Bigelow thinks space stations could be orbiting the Moon by 2020. However, he stresses, these giant refueling depots will only be possible by that time if the Trump administration prioritizes the national urgency and funding that such an initiative will need.

The key is going to be how fast the Trump administration can react, Bigelow told Space.com in a March 3 interview, adding that the administration would have to move quickly to energize funds and to galvanize the private sector.

Bigelow, who heads Bigelow Aerospace, understands the industry. His company has already launched three private inflatable space-habitat prototypes into orbit. The most recent is the Bigelow Expandable Activity Module (BEAM) project, which was delivered to the International Space Station (ISS) in 2016 via a SpaceX Dragon cargo ship. BEAM is the first inflatable room ever privately built and installed on the space station. It was created as part of a NASA future space habitats test, and thus far, Bigelow reports that it is performing well.

Space tourismis a hot topic for Bigelow and other space entrepreneurs.

On February 26, Elon Musk announcedthat SpaceX will launch a private flight to the Moon in 2018. The charter aboard the Dragon capsule already has two passengers who have made significant deposits. Those private citizens will have the opportunity to orbit the Moon after launching via SpaceXs Falcon Heavy rocket. Also with his eyes on the Moon is Jeff Bezos,who told The Washington Poston March 2 that his private space company, Blue Origin, is making its own plans for a Moon venture.

Habitats for the Moon and beyond and private space stations are goals for Bigelow and his company. He hopes to launch a colossal inflatable space habitat and free-flying private space station into orbit in 2020 and claims that Bigelow Aerospaceaims to provide habitats at a fraction of NASAs cost. As his company and others make space flight cheaper and more accessible, humanity will be able to extend its reach beyond our home planet, perhaps one day visiting and even colonizing new ones.

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‘Monster UFO’ appears by International Space Station ‘before NASA cuts camera feed’ – Express.co.uk

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In a video uploaded to YouTube, a cigar-shaped object is seen above Earth, with two bright objects below it.

And the two smaller orbs appear to move towards the larger shape.

The, before the footage ends, the UFOs appear to suddenly disappear.

prolific UFO hunter Streetcap1 uploaded the video to YouTube.

STREETCAP!*YouTube

Fellow UFO chaser Tyler Glockner who another YouTube channel SecureTeam 10 said of the discovery: I have monitored hundreds, likely thousands, of hours of ISS live feed footage and I've seen UFOs, I've seen ice crystals, I've seen space debris and I've seen light reflections.

What we're seeing here looks like none of those.

And it would appear that shortly after these objects come into view, NASA either purposely or the UFOs do it on their own, but the objects quickly dim out.

NASA

1 of 14

ISS Nasa live cam cuts after 'suddenly locking on to mystery glowing UFO'

it would appear that shortly after these objects come into view, NASA either purposely or the UFOs do it on their own, but the objects quickly dim out.

Tyler Glockner

So we may have had NASA dimming the feed, messing with the contrast or the exposure to make these objects disappear from view."

Many viewers were not convinced by the theory.

One posted on YouTube: "probably an old satellite thats space debris.

Another added: Its obviously an airplane distorted the same way you see an image through a clear glass that is round.

There have been several similar claims of NASA shutting the feed when an alleged UFO came into view - but it turned out they were nothing more than light reflected of the ISS itself showing on the camera.

Scott Brando, who runs hoax-busting website ufoofinterest.org said the latest video was just another lens flare anomaly.

He also provided an example of a similar lens flare in another ISS video feed, uploaded by Streetcap1.

NASA denies it has ever seen any UFOs by the ISS, and says the camera only cuts out due to a technical glitch, or changing between different cameras.

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Can Plants Grow from Clippings on the Space Station? Student Project Will Find Out – Space.com

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Raphael Schilling, one of the three student team members who built V3PO, prepared the space station experiment by planting 0.6-inch (1.5 cm) cuttings of Ficus pumila into agar-based nutrient gel four cuttings in each of two compartments.

What started out as an after-school science-club project is now an important experiment aboard the International Space Station.

Astronauts have grown plants from seeds in microgravity before, but three students at the Edith-Stein School Ravensburg & Aulendorf in Germany wondered whether plants could also grow from cuttings. If proven possible, it would be a key development that would help astronauts quickly grow food in space. The students raised money through crowdfunding and industry sponsors to develop their experiment, called V3PO, to fly to the space station.

Maria Koch, Raphael Schilling and David Geray, who started the project about three years ago as 16-year-old students, traveled to Kennedy Space Center in Florida to watch the launch, which was delayed a day before finally lifting off Feb. 19. [Plants in Space: Photos by Gardening Astronauts]

The V3PO team, along with their teacher and two assisting aerospace engineers (l-r) Chriss Bruderrek, David Geray, Maria Birlem, Raphael Schilling, Brigitte Schuermann, Maria Koch handed over the final experiment to NASA's operations team 36 hours before the scheduled launch.

The team was disappointed when the launch was called off with just 13 seconds to go, but were elated the next day when it finally flew, said Sebastian Rohrer, head of fungicide early biology at the German chemical company BASF's crop protection division and a scientific adviser to the students. "We kind of were staring at the skies and couldn't really believe it that it's now really happened," he told Space.com by phone from near the launch site.

"Everybody was standing there, mouths open, and didn't really know what to do, but then we started shaking hands and cheering and from there, it kind of erupted," he added.

BASF was one of the major sponsors of the students' project, and the company also provided materials and equipment for the students to use.

On Feb. 23, the space station crew installed the NanoRacks module with the experiment, which activated lights and a video feed to document the plants' fate. The whole space-borne package will return to Earth along with SpaceX's Dragon spacecraft in about two weeks, and in the meantime monitoring images are sent down daily.

The V3PO team chose a small, decorative plant called Ficus pumila (commonly called the creeping fig) for the experiment. The plant is compact enough to fit in the two compartments of the tiny box sent to space; each compartment measures 1.6 by 1.2 by 1.8 inches (4 by 3 by 4.5 centimeters). It also can withstand the temperature changes inherent in a flight through space; the plants were cooled to 4 degrees Celsius (7.2 degrees Fahrenheit) beforehand to make sure they wouldn't grow until they were in microgravity. Four cuttings of the plant, along with a nutrient gel, were placed in each chamber.

After the first launch attempt was called off with just 13 seconds left on the clock, the rocket with V3PO aboard finally lifted off Feb. 19. Here, the students (l-r) Sebastian Rohrer, Maria Koch, Brigitte Schuermann, Chriss Bruderrek, Maria Birlem, Raphael Schilling, David Geray celebrate from their nearby viewpoint.

When the experiment lands back on Earth, the students will re-create the atmospheric conditions the plants went through, to see how Earth-bound plants fare in the same circumstances, the students and teacher, Brigitte Schuermann, told Space.com by phone (through a translator).

On Earth, pieces cut from the plants' stems can shoot out their own roots and grow into new plants a behavior that can be used to replicate crops such as tomatoes on Earth. If the little plant cuttings can grow roots without the help of gravity, they could pave the way for easier food growing on long trips through space, like those astronauts will experience when traveling to Mars someday, the students said.

Email Sarah Lewin at slewin@space.com or follow her @SarahExplains. Follow us @Spacedotcom, Facebook and Google+. Original article on Space.com.

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Call to space: Blair Pointe Elementary contacts the International … – Kokomo Tribune

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What happens when an astronaut gets sick in space? Do the astronauts get on each other's nerves? What would happen if the International Space Station were struck by debris?

These were a few of the questions students from Blair Pointe Elementary School asked Thursday when they spoke to ISS Commander Shane Kimbrough.

Blair Pointe Elementary is one of only 12 organizations around the world to speak with the ISS in a 6-month period as part of a grant through Amateur Radio on the International Space Station, otherwise known as ARISS.

Blair Pointe applied for the grant last year after Maconaquah Elementary was awarded it in 2015. Bill McAlpin, president of the Miami County Amateur Radio Club, assisted in the grant application and helped the school connect with the ISS Thursday morning.

The students were given approximately 11 minutes to speak with Kimbrough. The ISS moves so quickly that they had to connect as soon as it was within range of their radio set-up, and they lost contact as it passed over the Atlantic Ocean. Within those 11 minutes, the ISS traveled about 3,000 miles.

It was a tense few minutes when McAlpin began trying to contact Kimbrough.

November Alpha One Sierra Sierra, this is Whiskey Delta Nine Golf India Uniform, he said several times, followed only by static.

Finally, Kimbrough responded.

Fifteen students lined up to ask Kimbrough questions. One student asked how many people live on the ISS at one time. Kimbrough said only six, because the shuttle used to get to it can hold only three people.

Another student asked what happens when astronauts get sick in space. Kimbrough said they have a well-stocked supply of medicine and equipment.

But fortunately for us, nobodys gotten sick on our mission, he said.

Kimbrough provided several answers during the 11-minute contact with the school. He said he and the astronauts perform several kinds of experiments every day, and they have to exercise regularly to keep their bones from deteriorating in zero gravity.

He said the astronauts go through extensive training before going into space, but nothing prepared him for his first space walk, which he said is the hardest physical thing about his job.

You just cant train for that experience, he said.

Hannah Baker asked whether bones break differently in space than they do on Earth. Kimbrough said he wouldnt know for sure because none of his crew have broken bones while on the ISS. He speculated that bones would probably break in a similar way, though the healing process might be different.

It was amazing to get to talk to an astronaut, Baker said after the event.

A few other students asked questions that Kimbrough could only answer theoretically because they havent happened, such as what would happen if an astronaut became unhooked from the ISS or if the ISS were struck by debris. One student asked if he worried about the ISS traveling beyond the Milky Way Galaxy. Kimbrough said thankfully those situations have not happened, though they are trained for most emergency scenarios.

One student asked if the other astronauts ever get on Kimbrough's nerves. He answered by saying that it's always a possibility with six people in a small space disconnected from the rest of the world, but the astronauts are trained to be able to work well together.

Kimbrough will return to earth next month after having been in space for six months. He said hes looking forward to seeing his family, adding that if he could bring his family on the ISS with him, it would be a perfect set-up.

Terri McCain, a fifth-grade teacher at Blair Pointe, said she was grateful for the opportunity to speak with the ISS.

I thought the kids had wonderful questions, she said. I thought it was amazing.

The ISS's next contact is with a junior high school in Komotini, Greece.

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Orbital ATK’s 7th resupply mission to space station delayed – Business Standard

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IANS | Washington March 11, 2017 Last Updated at 11:38 IST

The launch of Orbital ATKs seventh commercial resupply mission to the International Space Station has been delayed and it is now targetted for no earlier than March 21, NASA said.

The Orbital ATK CRS-7 mission was earlier scheduled for March 19.

Orbital ATK aims to launch the Cygnus spacecraft atop a United Launch Alliance (ULA) Atlas V rocket for delivery of essential crew supplies, equipment and scientific experiments to astronauts aboard the space station.

During prelaunch testing on March 10, ULA discovered a booster hydraulic issue at the pad.

Both the cargo spacecraft and Atlas V rocket remain secure in their processing facilities, NASA said in a blog post on Friday.

The Cygnus spacecraft, packed with about 3,447 kgs of supplies and research for crew aboard the orbiting laboratory, will be launched atop the Atlas V rocket from Cape Canaveral Air Force Station in Florida.

--IANS

gb/vm

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

The launch of Orbital ATKs seventh commercial resupply mission to the International Space Station has been delayed and it is now targetted for no earlier than March 21, NASA said.

The Orbital ATK CRS-7 mission was earlier scheduled for March 19.

Orbital ATK aims to launch the Cygnus spacecraft atop a United Launch Alliance (ULA) Atlas V rocket for delivery of essential crew supplies, equipment and scientific experiments to astronauts aboard the space station.

During prelaunch testing on March 10, ULA discovered a booster hydraulic issue at the pad.

Both the cargo spacecraft and Atlas V rocket remain secure in their processing facilities, NASA said in a blog post on Friday.

The Cygnus spacecraft, packed with about 3,447 kgs of supplies and research for crew aboard the orbiting laboratory, will be launched atop the Atlas V rocket from Cape Canaveral Air Force Station in Florida.

--IANS

gb/vm

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

IANS

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NASA Mars Project Ordered By US Congress, Colonization By 2033 A Must – EconoTimes

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Mars Rover.NASA/JPL/Cornell University, Maas Digital LLC/Wikimedia

At this point, most of the world already knows about the ambitious project by Elon Musks SpaceX company to send people to colonize Mars. Now, NASA is joining in, with the expected backing of the entire US government. Congress just passed a resolution that not only provides the agency more funding but also gives it clear orders that people need to be on the red planet by 2033.

With this new order, the mission to Mars has just rocketed to the top of NASAs list of long-term goals. The resolution outlined exactly what the agency is supposed to do with the new budget it was given, from improving space exploration activities to finding ways to actually colonize Mars.

In a rather rare twist within the political sphere, it doesnt seem like the current administration is going to oppose this order either. Both democrats and republicans are in agreement that humanity needs to be able to leave the Earth and go populate another planet if they are going to survive the calamities brought about by climate change.

It is the sense of Congress that expanding human presence beyond low-Earth orbit and advancing toward human missions to Mars in the 2030s requires early strategic planning and timely decisions to be made in the near-term on the necessary courses of action for commitments to achieve short-term and long-term goals and objectives, the bill reads.

One of the things that are bound to make this endeavor a lot easier is the roadmap that NASA has already prepared for Congress to look at. The plan is reasonably comprehensive and provides a lot of hope that this goal is actually achievable, Futurism reports. This plan also puts the US on common grounds with other nations who are also hell bent on getting people off this planet and into another one.

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NASA Mars Project Ordered By US Congress, Colonization By 2033 A Must - EconoTimes

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