Key Takeaways
- Jason Lowery proposes that Bitcoin can serve as a strategic tool for national defense.
- Lowery argues that the Department of Defense must prioritize researching Bitcoin’s cybersecurity benefits and differentiate it from other blockchain technologies to form effective strategies.
- Lowery recommends the creation of a 'U.S. Hash Force'.
Bitcoin as a Strategic Tool for National Defense
Jason Lowery, author of Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin, has released new Bitcoin recommendations for the U.S. government arguing that Bitcoin's Proof-of-Work mechanism can provide cyber sovereignty by physically securing information and digital assets in a peer-to-peer system.
He compares Bitcoin’s ability to secure monetary value to the defense of traditional domains like land, sea, air, and space.
Lowery criticizes the lack of proactive action from the Department of Defense in exploring Bitcoin’s cybersecurity potential, calling for increased research funding from the government.
He stresses the importance of distinguishing between Bitcoin and other blockchain technologies, which he says is vital for developing effective national defense strategies.
Strategic Bitcoin Holdings and Infrastructure Development
Lowery argues that the U.S. Bitcoin holdings in strategic reserves are insufficient. He wants the government to recognize that 'Bitcoin equals bitpower'.
He suggests that the U.S. must build a robust 'hashing industry' and set up a 'U.S. Hash Force', to secure long-term access to Bitcoin by the country's citizens.
Lowery clarifies that the government does not need to lead this initiative and recommends supporting the development of a hashing industry in a manner similar to how the Space Force aids commercial launch companies.
