The USA must formally examine utilizing proof-of-work networks reminiscent of Bitcoin (BTC) to guard the nation from cyber-inflicted warfare, in accordance with Jason Lowery, a member of the USA Area Power.

In a four-page letter to the U.S. Protection Innovation Board on Dec. 2, Lowery defined that whereas Bitcoin is generally seen as a “financial system” to safe funds, few know that Bitcoin can be utilized to safe “all types of information, messages or command alerts.”

“In consequence, this false impression underplays the expertise’s broad strategic significance for cybersecurity, and consequently, nationwide safety.”

The Protection Innovation Board is an impartial advisory board set as much as deliver the technological innovation and finest practices of Silicon Valley to the U.S. Army. Lowery used the letter to induce the board to advise the Secretary of Protection to research the “nationwide strategic significance” of PoW methods like Bitcoin.

Lowery used the letter to induce the board to advise the Secretary of Protection to research the “nationwide strategic significance” of PoW methods 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 manner army property assist to discourage army assaults towards the nation.

“Proof-of-work mirrors the bodily safety and deterrence methods utilized in different domains like land, sea, air, and house,” however as a substitute, it does it within the digital area, Lowery defined.

BREAKING: US Area Power Main, Jason Lowery sends open letter about #Bitcoin to DOD’s Protection Innovation Board.

“I contend that reusable proof-of-work networks like #Bitcoin characterize 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 enormous, in accordance with Lowery, and will play an essential position within the U.S. sustaining its place because the world chief.

“Addressing this may very well 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 tormented by 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 utility aligns “completely with a strategic offset” and that the U.S. Division of Protection might have already “misplaced helpful time” by not implementing it into its arsenal.

Lowery can also be a nationwide protection fellow at Massachusetts Institute of Expertise (MIT) and beforehand proposed a cybersecurity software on the Bitcoin base layer in March, which he claims is able to reworking the nation’s nationwide safety.

Bitcoin “finest 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 keep its dominance with the U.S. dollar, in accordance with Coinbase CEO Brian Armstrong.

“One concept I’ve been considering is that Bitcoin would be the key to extending western civilization,” stated Armstrong in a Dec. 3 publish, explaining that cryptocurrencies can work in tandem with the U.S. dollar as a substitute of dethroning it.

“I feel it is going to be a pure test and steadiness that may complement the dollar and be one of the best defender of long run American pursuits,” Armstrong added.

One concept I’ve been considering is that Bitcoin would 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 usually fail to retain the reserve forex by inflating its cash provide and growing its deficit spending.

“The U.S. is someplace on this journey,” Armstrong defined however burdened the Chinese language yuan and Euro aren’t viable alternate options in the meanwhile as they’ve problems with their very own.

Associated: US Senate approves nationwide protection invoice that additionally targets crypto mixers

As a substitute, cryptocurrencies have the potential to be the choice forex within the occasion of a U.S. dollar downfall:

“What I feel many haven’t thought of is that folks have another now with crypto. They could begin transferring fiat into crypto, as an antidote to inflation.”

Armstrong burdened it’s higher to maneuver from {dollars} to cryptocurrencies than one other nation’s fiat forex if the U.S. dollar loses its dominance.

He added that U.S. dollar-backed stablecoins like USD Coin (USDC) and the emergence of flat cash will play a “main position in unifying these worlds.”

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