The rising popularity and acceptance of crypto, such as Bitcoin (BTC), has led some cryptocurrency enthusiasts to see tokens they have invested in as more than investment assets or inflation hedges. This includes a prominent US Space Force member, who envisages crypto’s role in the country’s cybersecurity shield system.
Major Jason Lowery, in his master’s thesis at the Technology Massachusetts Institute (MIT), has proposed mining and stockpiling Bitcoin as self-defense. Reports show that the thesis, titled “Softwar,” has become one of the best-selling technology books on Amazon.
Lowery’s thesis compares the proof-of-work (PoW) of the Bitcoin ecosystem to deer antlers, debating that it proffers a more desirable alternative for the incoming power struggles than killer robots or destructive nuclear wars.
Part of Lowery’s recommendations in the thesis read, “if we take the metaphorical PoW cyber antlers as an example, participants will utilize energy to produce computer predictions. The victor of each round will receive network tokens as a reward and the authority to publicize the succeeding transaction block.”
By adopting this approach, the winner will acquire influence within a decentralized computer network which will be used to allocate abstract property rights, similar to playing chess in the real world. This method provides the advantage of peacefully obtaining and preserving these theoretical territories without violence.
Also read:Will Lowery’s Suggestion Affect The Crypto Industry?
Major Lowery’s suggestion of a defense strategy based on Bitcoin mining, if adopted at a massive level, would have a huge effect on the cryptocurrency industry. It would promote the widespread acceptance and adoption of virtual assets across various sectors of society.
But, the regulatory environment toward cryptocurrency has not been favorable, with US authorities seeking strict supervision and initiating lawsuits against blockchain companies such as Ripple and Binance. This makes it challenging to determine this proposal’s success if shown to high-ranking government officials.
Moreover, environmental advocacy groups continue to condemn PoW virtual assets over possible environmental consequences under the slogan “Don’t Change the Climate but the Code.” Despite this, Bitcoin maximalist Michael Saylor from MicroStrategy claim that mining remains “the most coherent and cleanest usage of electricity industrially.”
These criticisms raise concerns about the feasibility of Lowery’s proposal and the potential impact of Bitcoin mining on the environment. However, if the proposal is adopted, it could serve as a stepping stone toward greater mainstream adoption of Bitcoin and cryptocurrencies.
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