{"id":14316,"date":"2023-12-04T05:09:23","date_gmt":"2023-12-04T05:09:23","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=14316"},"modified":"2023-12-04T05:09:24","modified_gmt":"2023-12-04T05:09:24","slug":"bitcoin-is-of-national-strategic-importance-says-us-space-force-officer","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=14316","title":{"rendered":"Bitcoin is of \u2018national strategic importance\u2019 says US Space Force officer"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>The United States needs to formally investigate using proof-of-work networks such as Bitcoin (BTC)\u00a0to protect the country from cyber-inflicted warfare, according to Jason Lowery, a member of the United States Space Force.<\/p>\n<p>In a four-page letter\u00a0to the U.S. Defense Innovation Board on Dec. 2, Lowery explained that while Bitcoin is mostly seen as a \u201cmonetary system\u201d to secure funds, few know that Bitcoin can be used to secure \u201call forms of data, messages or command signals.\u201d<\/p>\n<p>\u201cAs a result, this misconception underplays the technology\u2019s broad strategic significance for cybersecurity, and consequently, national security.\u201d<\/p>\n<p>The Defense Innovation Board is an independent advisory board set up to bring the technological innovation and best practices of Silicon Valley to the U.S. Military. Lowery used the letter to urge the board to advise the Secretary of Defense to investigate the &#8220;national strategic importance&#8221; of PoW systems like Bitcoin.<\/p>\n<p>Lowery used the letter to urge the board to advise the Secretary of Defense to investigate the &#8220;national strategic importance\u201d of PoW systems like Bitcoin.<\/p>\n<p>In his letter, Lowery explained that a proof-of-work system like Bitcoin could work to deter adversaries from cyberattacks due to the \u201csteep costs\u201d of a physically resource-intensive computer in the same way military assets help to deter military attacks against the country.<\/p>\n<p>\u201cProof-of-work mirrors the physical security and deterrence strategies utilized in other domains like land, sea, air, and space,\u201d but instead, it does it in the digital domain, Lowery explained.<\/p>\n<p lang=\"en\" dir=\"ltr\">BREAKING: US Space Force Major, Jason Lowery sends open letter about #Bitcoin to DOD\u2019s Defense Innovation Board. <\/p>\n<p>\u201cI contend that reusable proof-of-work networks like #Bitcoin represent an offset strategy for the 21st century.\u201d pic.twitter.com\/qiLZ71S5MN<\/p>\n<p>\u2014 Dennis Porter (@Dennis_Porter_) December 3, 2023<\/p>\n<p>Bitcoin\u2019s potential cybersecurity applications are huge, according to Lowery, and could play an important role in the U.S. maintaining its position as the world leader.<\/p>\n<p>\u201cAddressing this could be vital for the US to maintain its positions as a global superpower and leader among nations, especially in an increasingly digital and interconnected world plagued by security vulnerabilities.\u201d<\/p>\n<p>Lowery says it has the potential to kickstart the \u201ccybersecurity revolution\u201d too.<\/p>\n<p>\u201c[It is] the beginning of a cybersecurity revolution. It converts the global electric power grid into a large, physically costly computer, or \u2018macrochip,\u2019 and uses it to physically constrain malicious actors and safeguard a wide range of data and messages traversing the internet.\u201d<\/p>\n<p>Lowery concluded Bitcoin\u2019s cybersecurity application aligns \u201cperfectly with a strategic offset\u201d and that the U.S. Department of Defense may have already \u201clost valuable time\u201d by not implementing it into its arsenal. <\/p>\n<p>Lowery is also a national defense fellow at Massachusetts Institute of Technology (MIT) and previously proposed a cybersecurity tool on the Bitcoin base layer in March, which he claims is capable of transforming the country\u2019s national security.<\/p>\n<h3>Bitcoin \u201cbest defender\u201d of U.S. interests: Coinbase CEO<\/h3>\n<p>Meanwhile, in a separate thread on X, Coinbase CEO Brian Armstrong argued that Bitcoin and cryptocurrencies could play a pivotal role in helping the United States maintain its dominance with the U.S. dollar, according to Coinbase CEO Brian Armstrong.<\/p>\n<p>\u201cOne idea I\u2019ve been contemplating is that Bitcoin may be the key to extending western civilization,\u201d said Armstrong in a Dec. 3 post, explaining that cryptocurrencies can work in tandem with the U.S. dollar  instead of dethroning it.<\/p>\n<p>\u201cI think it will be a natural check and balance that will complement the dollar and be the best defender of long term American interests,\u201d Armstrong added.<\/p>\n<p lang=\"en\" dir=\"ltr\">One idea I\u2019ve been contemplating is that Bitcoin may be the key to extending western civilization.<\/p>\n<p>The natural trend of whichever country has the reserve currency is to inflate the money supply and increase deficit spending until it loses that advantage. The U.S. is somewhere on\u2026<\/p>\n<p>\u2014 Brian Armstrong \ufe0f (@brian_armstrong) December 3, 2023<\/p>\n<p>He explained that world leaders often fail to retain the reserve currency by inflating its money supply and increasing its deficit spending. <\/p>\n<p>\u201cThe U.S. is somewhere on this journey,\u201d Armstrong explained but stressed the Chinese yuan and Euro aren\u2019t viable alternatives at the moment as they have issues of their own. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>US Senate approves national defense bill that also targets crypto mixers<\/em><\/strong><\/p>\n<p>Instead, cryptocurrencies have the potential to be the alternative currency in the event of a U.S. dollar downfall:<\/p>\n<p>\u201cWhat I think many haven\u2019t considered is that people have an alternative now with crypto. They may start moving fiat into crypto, as an antidote to inflation.\u201d <\/p>\n<p>Armstrong stressed it\u2019s better to move from dollars to cryptocurrencies than another country\u2019s fiat currency if the U.S. dollar loses its dominance.<\/p>\n<p>He added that U.S. dollar-backed stablecoins like USD Coin (USDC) and the emergence of flat coins will play a \u201cmajor role in unifying these worlds.\u201d<\/p>\n<p><strong><em>Magazine: <\/em><\/strong><strong><em>Big Questions: Did the NSA create Bitcoin?<\/em><\/strong><\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-national-strategic-importance-space-force-major-jason-lowery\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The United States needs to formally investigate using proof-of-work networks such as Bitcoin (BTC)\u00a0to protect the country from cyber-inflicted warfare, according to Jason Lowery, a member of the United States Space Force. In a four-page letter\u00a0to the U.S. Defense Innovation Board on Dec. 2, Lowery explained that while Bitcoin is mostly seen as a \u201cmonetary [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14317,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-14316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/14316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14316"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/14316\/revisions"}],"predecessor-version":[{"id":14318,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/14316\/revisions\/14318"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/14317"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}