US Space Force Member Advocates for Bitcoin’s PoW Systems in Cyberattack Prevention
Jason Lowery, a member of the United States Space Force, has put forward a proposal to use proof-of-work (PoW) networks, such as Bitcoin, as a defense against cyber-inflicted warfare. In an open letter addressed to the US Defense Innovation Board, Lowery emphasized the significance of Bitcoin’s technology in cybersecurity and national security. He highlighted that Bitcoin can secure various forms of data and messages, not just monetary transactions. Lowery urged the Defense Innovation Board to explore the strategic importance of PoW systems like Bitcoin in deterring cyberattacks.
Using Bitcoin to Safeguard Data Transfers
According to Lowery, Bitcoin’s utilization of the global electric power grid can act as a deterrent for malicious actors and safeguard data and messages transmitted over the internet. He stressed that integrating Bitcoin’s cybersecurity application aligns with strategic offsetting and may have already caused delays by not implementing it sooner.
Coinbase CEO Believes Crypto Can Help US Maintain Dominance
Brian Armstrong, CEO of Coinbase, also believes that cryptocurrencies like Bitcoin can play a crucial role in maintaining US dominance with the dollar. He suggests that cryptocurrencies can work alongside fiat currencies as a check and balance system to protect American interests in the long term. Armstrong argues that cryptocurrencies offer an alternative to fiat currencies and serve as a hedge against inflation. Stablecoins like USD Coin (USDC) are expected to bridge traditional finance and cryptocurrency.
Hot Take: The Strategic Significance of Bitcoin in National Security
The proposal by Jason Lowery highlights the potential of utilizing proof-of-work systems like Bitcoin in defending against cyberattacks and ensuring national security. By leveraging Bitcoin’s technology, such systems can secure data, messages, and command signals, acting as a deterrent for adversaries. This approach aligns with the increasing digitization and interconnectedness of the world, emphasizing the need for robust cybersecurity measures. Integrating Bitcoin’s cybersecurity application can revolutionize the defense landscape and safeguard vital information in an evolving digital era.
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