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How does the relationship between space, time, and the speed of light compensate for this?
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Insofar as is known, there is no "compensation"....except for pssoible changes in density during the inflationary stage of expansion.
Most of the responses above are gibberish .
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Since the universe is expanding, "time" would have to be "speeding up" in order for our time frame to remain constant. Which I think has to do with momentum, As energy is dissapated outward through the solar system momentum is converted into inertia. (remember mass and volume are directly related within a single time frame) This changes the radial trajetory of the local planets within this solar system and outward.
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is utterly meaningless....for example, momentum is NOT "converted" to inertia...
See the second paragraph here for some accurate comments on this nomenclature:
http://en.wikipedia.org/wiki/Inertia
and our solar system is not expanding...gravity holds it together....