In advocating for a comprehensive exploration of proof-of-work systems like Bitcoin, Major Jason Lowery of the U.S. Space Force underscores the “national strategic importance” of such technologies for bolstering the country’s defense against cyber threats.
Lowery, in a detailed communication to the U.S. Defense Innovation Board dated December 2nd, sheds light on Bitcoin’s role beyond being a mere “monetary system.” Additionally, he contends that Bitcoin holds the potential to secure not just funds but also “all forms of data, messages, or command signals.”
However, contrary to common perception, Bitcoin’s significance extends far beyond financial realms. Lowery urges the Defense Innovation Board to advise the Secretary of Defense on the need to investigate the “national strategic importance” of proof-of-work systems, particularly highlighting Bitcoin’s unique attributes.
In his persuasive letter, Lowery draws parallels between the deterrence offered by military assets and the potential of a proof-of-work system. Furthermore, he emphasizes that the formidable computational resources required for such systems act as a deterrent against cyber adversaries, similar to how military assets deter physical attacks on the nation.
Bitcoin’s Strategic Voyage by U.S. Space Force Officer
Lowery articulates that proof-of-work mirrors traditional security and deterrence strategies but operates in the digital domain. This, he believes, positions Bitcoin as a crucial tool in fortifying cybersecurity and, consequently, national security.
Highlighting the broad applications of Bitcoin in cybersecurity, Lowery envisions its role as instrumental in ensuring the United States maintains its global leadership. He emphasizes the necessity of addressing this aspect to safeguard the nation’s standing in an increasingly digital and interconnected world fraught with security vulnerabilities.
The U.S. Space Force officer goes further to propose that Bitcoin has the potential to initiate a “cybersecurity revolution.” He elucidates that Bitcoin transforms the global electric power grid into a colossal, physically demanding computer or ‘macrochip,’ actively constraining malicious actors and securing a diverse range of data and messages circulating on the internet.
Bitcoin’s Untapped Potential in U.S. National Security and Economic Dominance
Lowery concludes by asserting that Bitcoin’s cybersecurity applications align seamlessly with a strategic offset, implying that the U.S. Department of Defense might have missed crucial opportunities by not incorporating it into its arsenal promptly.
This perspective aligns with Lowery’s earlier proposal, where, as a national defense fellow at the Massachusetts Institute of Technology (MIT), he introduced a cybersecurity tool integrated into the Bitcoin base layer, aiming to revolutionize the country’s national security.
Meanwhile, in a distinct discourse on X, Coinbase CEO Brian Armstrong contends that Bitcoin and cryptocurrencies could be pivotal in preserving the dominance of the U.S. dollar. Armstrong envisions a complementary role, with cryptocurrencies working alongside the U.S. dollar rather than challenging its supremacy.
Safeguarding Western Civilization and Redefining Financial Norms
Armstrong introduces the idea that Bitcoin could be the linchpin in extending western civilization, emphasizing its role as a natural check and balance to safeguard long-term American interests.
He critiques the traditional path of retaining reserve currency, citing issues like inflated money supply and escalating deficit spending, suggesting that cryptocurrencies could provide a viable alternative.
According to Armstrong, the emergence of cryptocurrencies allows individuals an alternative to traditional fiat currencies, especially in the face of inflation.
Furthermore, he suggests a potential shift from dollars to cryptocurrencies if the U.S. dollar loses its dominance, asserting that U.S. dollar-backed stablecoins and the rise of flat coins will play a major role in bridging these financial realms.