Jason Lowery, a member of the United States Space Force, has called for a formal investigation into using proof-of-work systems like Bitcoin to enhance the country's cybersecurity and national defense. Lowery emphasized that Bitcoin's proof-of-work system could serve as a deterrent against cyberattacks due to the high physical resource costs associated with its mining process. In a letter to the U.S. Defense Innovation Board, he urged the board to advise the Secretary of Defense to explore the "national strategic importance" of proof-of-work systems. Brian Armstrong also highlighted Bitcoin's potential role in defending U.S. interests amid concerns about the dollar's dominance.
A member of the United States Space Force, Jason Lowery, has urged a formal investigation into leveraging proof-of-work systems like Bitcoin to enhance the country's cybersecurity and national defence. Lowery emphasized Bitcoin's potential as a deterrent against cyberattacks due to the high physical resource costs associated with its mining process. In a letter to the U.S. Defense Innovation Board, he called for an exploration of the "national strategic importance" of proof-of-work systems like Bitcoin. Brian Armstrong also highlighted Bitcoin's role in defending U.S. interests, suggesting it could be a natural check and balance complementing the U.S. dollar.
Key Points:
Jason Lowery, a member of the U.S. Space Force, has called for a formal investigation into using proof-of-work systems like Bitcoin to enhance the country's cybersecurity.
Lowery emphasized Bitcoin's potential as a deterrent against cyberattacks due to the high physical resource costs associated with its mining process.
In a letter to the U.S. Defense Innovation Board, Lowery urged the board to advise the Secretary of Defense to explore the "national strategic importance" of proof-of-work systems like Bitcoin.
Lowery previously proposed a cybersecurity tool on the Bitcoin base layer in March, suggesting it could transform the country's national security.
Brian Armstrong argued that Bitcoin and cryptocurrencies could play a pivotal role in helping the U.S. maintain dominance with the U.S. dollar.
Armstrong highlighted Bitcoin as a natural check and balance that could complement the U.S. dollar and be the best defender of long-term American interests.
In a separate post, Armstrong suggested that cryptocurrencies could serve as an alternative currency if the U.S. dollar loses dominance, providing an antidote to inflation.
Armstrong stressed the importance of moving from dollars to cryptocurrencies, considering them a better alternative than other countries' fiat currencies in the event of a U.S. dollar downfall.
A member of the U.S. Space Force, Jason Lowery, has called for a formal investigation into leveraging proof-of-work systems like Bitcoin to enhance the country's cybersecurity and national defense. Lowery emphasized Bitcoin's potential as a deterrent against cyberattacks due to the high physical resource costs associated with its mining process. In a letter to the U.S. Defense Innovation Board, he urged the board to advise the Secretary of Defense to explore the "national strategic importance" of proof-of-work systems like Bitcoin. Brian Armstrong also highlighted Bitcoin's role in defending U.S. interests, suggesting it could be a natural check and balance complementing the U.S. dollar.
(BRAYDEN LINDREA, COINTELEGRAPH, 2023)