US House Power Main and writer of “Softwar,” Jason Lowery, calls on america to reassess Bitcoin’s position with a US Bitcoin Nationwide Protection coverage proposal. He contends that Bitcoin represents a strategic instrument for nationwide protection by utilizing bodily energy to safe our on-line world, emphasizing its significance past a mere monetary asset.
Lowery shared the diagram beneath in 2021 to focus on how Bitcoin can substitute the present system, which he describes as “the chain of custody for [land, gold, oil, and equities] is written in blood.” He additional acknowledged,
“Not having to waste human life to defend monetized wealth is price each watt.”
He argues that Bitcoin’s Proof-of-Work mechanism permits for cyber sovereignty by bodily securing data and digital property in a trustless, peer-to-peer method. This method parallels how nations safe land, sea, air, and house domains. He believes this facet of Bitcoin is a revolutionary development in laptop principle that’s at present undervalued.
Lowery criticizes the Division of Protection for its lack of initiative. He finds it unacceptable that the company isn’t proactive sufficient in exploring the cybersecurity advantages of reusable Proof-of-Work networks like Bitcoin. He asserts that america ought to lead and actively fund associated analysis on this space.
He additionally highlights policymakers’ want for extra exact steering on distinguishing between Bitcoin and different blockchain applied sciences. In accordance with Lowery, understanding these elementary variations is essential for forming efficient methods.
Addressing the nation’s strategic reserves, Lowery believes that any deliberate Bitcoin holdings are inadequate. He suggests that after the idea of “Bitcoin equals bitpower” is acknowledged, it turns into evident that holding solely 1,000,000 items doesn’t meet the nation’s wants.
To safe entry to Bitcoin, Lowery recommends constructing a strong hashing trade, known as a “U.S. Hash Power.” He notes that whereas this initiative doesn’t must be government-led, help from the federal government may assist seed its growth. Drawing a parallel to how the US House Power helps industrial launch corporations to make sure entry to orbit, he suggests comparable help may present entry to the Bitcoin ledger.
In his thesis, Lowery describes Bitcoin as essentially the most bodily highly effective and environment friendly energy projection instrument found by mankind. He characterizes it as a non-kinetic protection system that might usher in a peaceable energy stability termed “Mutually Assured Preservation.”
Lowery goals to shift the dialog and immediate actionable steps from policymakers and protection businesses by reframing Bitcoin as a strategic asset integral to nationwide safety.