Digital Cold War for Bitcoin Blocks, Says Space Force Major
It seems that we’re heading into a digital cold war for crypto blocks, according to Space Force major. Check out the latest reports about this below. Digital cold war is close Blockworks online pubcalition notes the fact...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
It seems that we’re heading into a digital cold war for crypto blocks, according to Space Force major. Check out the latest reports about this below.
Digital cold war is closeBlockworks online pubcalition notes the fact that there is a new MIT masters thesis from a US Space Force major contends BTC is not just a form of internet money — but a weapon to be utilized by the Pentagon in modern warfare.
In an exhaustive 400-page dissertation, Major Jason Lowery claims BTC’s proof-of-work consensus mechanism presents a massive shift in the way world powers could wage war.
Instead of boots on the ground or nukes in the air, Lowery suggests nations battle by competing for Bitcoin block rewards, Politico reported Thursday.
“Space Force” is the newest brand of the US Armed Forces, created in December 2019. It’s responsible for organizing, training and equipping military persons across the stars in a bid to protect US and allied interests.
“Lowery is an active-duty US Space Force astronautical engineer and US National Defense Fellow at MIT whose job it is to advise senior military personnel on the implications of bitcoin, according to a bio of his latest book,” according to the same online publication mentioned above.
Politico says it confirmed his rank with an Air Force spokesperson.
Lowery’s thesis was released as a book in February under the title “Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin.”
This is addressing a scenario in which governments duke it out with hashrate; fighting something akin to a Cold War, where the spoils are bitcoin and bragging rights.
The blurb reads:
“Using scientific concepts from biology, evolution, anthropology, political science, and computer theory, Lowery summarizes the dynamics of power projection in human society and provides an argument for why emerging proof-of-work technologies (namely Bitcoin) will have a dramatic impact on how humans organize, cooperate, and compete on a global scale by empowering populations to project physical power in, from, and through cyberspace.”
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
Glamsterdam Upgrade: Sepolia Blocks Leave Most of Ethereum’s New Gas Capacity Unused
Ethereum’s Glamsterdam upgrade has raised Sepolia’s block-gas limit from about 60 million to nearly 200 million, giving developers...
Coinbase rolls out 10x spot leverage, but blocks US retail from it
Coinbase plans to introduce spot borrowing with up to 10x leverage, letting eligible traders borrow against collateral to buy cryp...
AI may be keeping Bitcoin’s biggest macro headwind alive after the Fed stops hiking
Bitcoin faces a new macro headwind from the artificial-intelligence boom as massive infrastructure spending competes for long-term...
PowerCompute Mines 8.1 Bitcoin In September After Using BTC To Slash Debt
TL;DR: PowerCompute mined 8.1 BTC in September, up 37% from a year earlier. Its month-end Bitcoin holdings fell to 63.7 BTC after...
Bitcoin crashes through $81,000 buy wall as $1 billion crypto liquidation bloodbath unfolds
Bitcoin registered an intraday low near $80,000 as a cryptocurrency selloff triggered over $1 billion in liquidations, overwhelmin...
WhiteBIT Integrates Lightning Network for Fast and Cheap Bitcoin Transactions
Bitcoin Magazine WhiteBIT Integrates Lightning Network for Fast and Cheap Bitcoin Transactions The Lightning Network continues to...