The US must formally examine utilizing proof-of-work networks corresponding to Bitcoin (BTC) to guard the nation from cyber-inflicted warfare, in keeping with Jason Lowery, a member of the USA Space Force.
In a four-page letter to the U.S. Protection Innovation Board on Dec. 2, Lowery defined that whereas Bitcoin is principally seen as a “financial system” to safe funds, few know that Bitcoin can be utilized to safe “all types of knowledge, messages or command indicators.”
“In consequence, this false impression underplays the expertise’s broad strategic significance for cybersecurity, and consequently, nationwide safety.”
The Protection Innovation Board is an unbiased advisory board set as much as deliver the technological innovation and greatest practices of Silicon Valley to the U.S. Navy. Lowery used the letter to induce the board to advise the Secretary of Protection to research the “nationwide strategic significance” of PoW techniques like Bitcoin.
Lowery used the letter to induce the board to advise the Secretary of Protection to research the “nationwide strategic significance” of PoW techniques like Bitcoin.
In his letter, Lowery defined {that a} proof-of-work system like Bitcoin might work to discourage adversaries from cyberattacks as a result of “steep prices” of a bodily resource-intensive pc in the identical method navy property assist to discourage navy assaults in opposition to the nation.
“Proof-of-work mirrors the bodily safety and deterrence methods utilized in different domains like land, sea, air, and area,” however as a substitute, it does it within the digital area, Lowery defined.
BREAKING: US Space Force Main, Jason Lowery sends open letter about #Bitcoin to DOD’s Protection Innovation Board.
“I contend that reusable proof-of-work networks like #Bitcoin signify an offset technique for the twenty first century.” pic.twitter.com/qiLZ71S5MN
— Dennis Porter (@Dennis_Porter_) December 3, 2023
Bitcoin’s potential cybersecurity purposes are large, in keeping with Lowery, and will play an vital position within the U.S. sustaining its place because the world chief.
“Addressing this might be very important for the US to keep up its positions as a world superpower and chief amongst nations, particularly in an more and more digital and interconnected world suffering from safety vulnerabilities.”
Lowery says it has the potential to kickstart the “cybersecurity revolution” too.
“[It is] the start of a cybersecurity revolution. It converts the worldwide electrical energy grid into a big, bodily pricey pc, or ‘macrochip,’ and makes use of it to bodily constrain malicious actors and safeguard a variety of knowledge and messages traversing the web.”
Lowery concluded Bitcoin’s cybersecurity software aligns “completely with a strategic offset” and that the U.S. Department of Defense could have already “misplaced useful time” by not implementing it into its arsenal.
Lowery is additionally a nationwide protection fellow at Massachusetts Institute of Know-how (MIT) and beforehand proposed a cybersecurity tool on the Bitcoin base layer in March, which he claims is succesful of reworking the nation’s nationwide safety.
Bitcoin “greatest defender” of U.S. pursuits: Coinbase CEO
In the meantime, in a separate thread on X, Coinbase CEO Brian Armstrong argued that Bitcoin and cryptocurrencies might play a pivotal position in serving to the USA preserve its dominance with the U.S. greenback, in keeping with Coinbase CEO Brian Armstrong.
“One concept I’ve been considering is that Bitcoin will be the key to extending western civilization,” stated Armstrong in a Dec. 3 submit, explaining that cryptocurrencies can work in tandem with the U.S. greenback as a substitute of dethroning it.
“I believe it is going to be a pure examine and steadiness that can complement the greenback and be one of the best defender of long run American pursuits,” Armstrong added.
One concept I’ve been considering is that Bitcoin will be the key to extending western civilization.
The pure development of whichever nation has the reserve forex is to inflate the cash provide and enhance deficit spending till it loses that benefit. The U.S. is someplace on…
— Brian Armstrong ️ (@brian_armstrong) December 3, 2023
He defined that world leaders typically fail to retain the reserve forex by inflating its cash provide and rising its deficit spending.
“The U.S. is someplace on this journey,” Armstrong defined however confused the Chinese language yuan and Euro aren’t viable alternate options in the meanwhile as they’ve points of their very own.
Associated: US Senate approves national defense bill that also targets crypto mixers
As an alternative, cryptocurrencies have the potential to be the choice forex within the occasion of a U.S. greenback downfall:
“What I believe many haven’t thought of is that folks have another now with crypto. They might begin transferring fiat into crypto, as an antidote to inflation.”
Armstrong confused it’s higher to maneuver from {dollars} to cryptocurrencies than one other nation’s fiat forex if the U.S. greenback loses its dominance.
He added that U.S. dollar-backed stablecoins like USD Coin (USDC) and the emergence of flat coins will play a “main position in unifying these worlds.”
Cointelegraph by Brayden Lindrea Bitcoin is of ‘nationwide strategic significance’ says US Space Force officer cointelegraph.com 2023-12-04 03:53:46
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