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Area Pressure main Jason Lowery believes that the U.S. authorities ought to stockpile Bitcoin (BTC) and arrange mining operations to compete for a share of management over the community.
He additional states that BTC ought to be protected beneath the second modification as it’s basically a weapon for self-defense.
Lowery’s proposal is a part of his graduate thesis known as “Softwar” — presently the best-selling know-how ebook on Amazon. It was revealed on Feb. 18 and is shortly taking the crypto group by storm because of its concepts that Bitcoin has nationwide significance.
Bitcoin is a weapon
In his thesis, Lowery argues that the Bitcoin community is analogous to maritime commerce routes and that governments ought to guarantee free navigation and commerce on the community are protected. Lowery additionally argues that it is a navy crucial and that the subsequent technology of warfare can be cyber.
Moreover, Lowery believes that Bitcoin may function a cybersecurity software by integrating its validation system with different packages.
On this state of affairs, a program can be designed to solely reply to exterior indicators if they’re recorded on transactions on the Bitcoin community — basically placing an finish to cyber-attacks like denial-of-service.
Lowery believes that the Bitcoin community is the best choice
‘Softwar’
The primary premise of Lowery’s thesis is that Bitcoin’s proof-of-work (PoW) consensus mechanism provides states a new-age methodology to compete for energy and assets that doesn’t contain bloodshed or bodily pressure. He harkened again to the cold-war for instance, a time when nations competed with one another by way of sports activities and chess for status.
Nevertheless, within the case of those PoW contests, nations would compete for community tokens — like Bitcoin — and the fitting to validate the following blocks on the community. Lowery paints these PoW contests as a means for governments to manage networks used to assign summary property rights.
Beneath this state of affairs, the necessity for the state to guard and management the community turns into paramount, in keeping with the thesis.
Lowery additional proposes that governments ought to agree to make use of the Bitcoin community for this objective.