Space Force major proposes Bitcoin mining for Pentagon defense strategy
As the popularity and use of cryptocurrencies such as Bitcoin (BTC) increase, some crypto enthusiasts see their potential utility far beyond just digital money, an investment asset or a hedge against inflation, including a major in the US Space Force, who envisions their role in the national cyber security defence.
In fact, in his Massachusetts Institute of Technology (MIT) master’s thesis, which has taken a high place on Amazon’s (NASDAQ: AMZN ) list of best-selling technology books, Major Jason Lowery has proposed that the United States should mine and store Bitcoin as a self-defense weapon, Politico reported March 30.
Specifically, “Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin” compares Bitcoin’s proof-of-work (PoW) system to deer game, arguing that it offers a better option for future power struggles rather than the destructive the nuclear power plant. warriors or killer robots – just like deer that use their antlers to fight over territory without killing each other.
In the case of the metaphorical PoW cyber antlers, participants would harness the energy to generate computer guesses, and the winner of each round would receive a reward in the form of network tokens, along with the right to publish the following block of transactions.
Using this method, the winner will gain power in a distributed computer network used to assign abstract property rights – similar to a real-life game of chess – with the advantage of using the non-violent approach to obtain and protect these hypothetical territories.
Space Force Bitcoin Mining
Should Major Lowery’s proposal for a Bitcoin mining-based defense strategy be accepted at a higher level, it will also have a significant impact on the crypto industry, as it will strengthen its further adoption and widespread acceptance of digital assets in various industries and areas of society.
However, the regulatory atmosphere has not been very friendly to crypto, as the US government seeks to impose strict oversight while leading lawsuits against crypto companies, such as blockchain company Ripple and crypto trading platform Binance, making it difficult to predict the success of this proposal if presented to senior leaders in the government.
Furthermore, environmental advocacy organizations continue to criticize PoW digital assets over concerns related to the potential environmental impact under the campaign slogan “Change the Code, Not the Climate”, despite Bitcoin maximalists such as MicroStrategy’s Michael Saylor claiming that mining is “the most efficient, cleanest industrial use of electricity.”
The rise of the crypto sector
Meanwhile, the crypto market has shown impressive resilience in the face of a banking crisis that has brought down several major banks and continues to threaten others, as well as continued risks in the financial landscape remaining high, according to José Manuel Campa, the current chairman. from the European Banking Authority (EBA).
On top of that, it has added nearly 1,000 new cryptocurrencies since the start of 2023 as bullish momentum returned after a difficult year, and the price of Bitcoin surpassed the psychological threshold of $28,000, adding $30 billion to its market cap a single day.
