“A dramatic impact” – Pentagon told that Bitcoin could prevent war by the space force major

by James · April 2, 2023

Bitcoinbitcoin has become a flashpoint in American politics over the past year, with big-name politicians making bitcoin central to their campaigns.

Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and successfully navigating the roller coaster of bitcoin and crypto market

US President Joe Biden issued a crypto executive order last year, kicking off what some in the bitcoin and crypto community fear was the beginning of a secret war against the crypto industry.

Now a US space force major has urged the Pentagon to mine bitcoin instead of going to war, arguing that competition for bitcoin dominance in cyberspace will be how future conflicts are resolved.

It is at the beginning of a bull run that you need updated information the most! Sign up for free now CryptoCodex—A daily newsletter for traders, investors and the crypto-curious that will keep you ahead of the market

MORE FROM FORBES‘Pivotal Moment’ for Crypto After ‘Hyper-Speed’ Banking Crisis Spurs Bitcoin and Ethereum Price PumpOf Billy Bambrough

bitcoin and cryptocurrency under President Joe Biden.

Getty Images

In a 400-page thesis, reported by Politico this week and available for sale on Amazon since last month, Space Force Major Jason Lowery said proof-of-work bitcoin mining could replace armed conflict in the future, with bitcoin representing “a national strategic imperative that the United States should support and adopt as quickly as possible, or it risks losing its leadership as a global superpower in the 21st century.”

Bitcoin mining involves powerful computers solving mathematical problems to secure the bitcoin blockchain in return for newly created bitcoins. The Bitcoin network of computers is believed to use more energy per year than some small countries.

Using bitcoin, according to Lowery, countries would be able to bend into cyberspace

Lowery, an astronautic engineer in the US Space Force and National Defense Fellow at MIT, advises military personnel on bitcoin. The Space Force was created in late 2019 to protect US interests beyond Earth.

MORE FROM FORBESThreatening $300 Trillion Crypto ‘Quantum Leap’ Revealed Amid Huge Bitcoin and Ethereum Price PumpOf Billy Bambrough

year, with the bitcoin price still more than double where it was before the 2021 boom and subsequent crash.

Forbes Digital Assets

IN Software: A Novel Theory on Power Projection and the National Strategic Significance of BitcoinLowery recommends that the United States begin storing bitcoin, promote bitcoin mining in the country, and give bitcoin 2nd Amendment protection, arguing that it is a self-defense weapon.

Meanwhile, influential Democratic Senator Elizabeth Warren has embraced a quote from a recent Politico profile who said she is “building an anti-crypto army,” is using the line as part of her re-election campaign and fueling growing speculation that the US is waging a secret war on crypto.

Follow me on Twitter.

I am a journalist with significant experience in technology, finance, economics and business around the world. As founding editor of Verdict.co.uk, I reported on how technology is changing business, political trends and the latest culture and lifestyle. I have covered the rise of bitcoin and cryptocurrency since 2012 and have charted its rise from a niche technology to the greatest threat to the established financial system the world has ever seen and the most important new technology since the internet itself. I have worked and written for, among others, CityAM, the Financial Times and the New Statesman. Follow me on Twitter @billybambrough or email me at billyATbillybambrough.com. Disclosure: I occasionally hold a small amount of bitcoin and other cryptocurrencies.