Traveling 7 light years at a speed of 50,000 km/s would take approximately 42 years from an Earth perspective, with relativistic effects being minimal at this speed. The calculations involve using the gamma factor, which shows that time dilation is not significant until speeds approach 0.8 times the speed of light. While constant acceleration could reduce the ship's travel time to about 4 years, this requires reaching speeds close to 97% of light speed. The discussion highlights the challenges and timeframes associated with interstellar travel, emphasizing the lengthy duration involved. Overall, the conversation reflects curiosity about the implications of such long-distance space voyages.