US Space Force Astronautical Engineer | MIT '23 | Air Force Fellow | US National Defense Fellow | Striving to Preserve American Superiority in Space & Cyberspace
An open letter to the Defense Innovation Board regarding the national strategic importance of Bitcoin.
It appears your letter is positing that Bitcoin's proof of work (PoW) system could extend its application beyond the financial system to areas such as national defense and cybersecurity by leveraging its energy-intensive nature. I think there is some misunderstanding here. PoW is a mechanism for achieving consensus and trust in a distributed ledger by requiring computational work to validate transactions and create new blocks. It does not provide data encryption or secure information from unauthorized access. It is designed to prevent double-spending and ensure the integrity of the blockchain, not to protect data or network infrastructure from cyber attacks. Cybersecurity is about securing data, detecting and responding to threats, and maintaining the confidentiality, integrity, and availability of info. While the decentralized and energy-dependent nature of PoW does contribute to the security of blockchain transactions against some attacks, such as double-spend or 51% attacks, it does not shield data from unauthorized access, exploitation, or theft. PoW cannot be conflated with providing a cybersecurity defense mechanism for digital assets or infrastructure. Maybe I'm missing something?
Why does your letter focus solely on Bitcoin as opposed to a systematic approach to cybersecurity? PoW is not the only cryptographic technology. Alternatives include Proof of Stake (PoS), which selects validators based on their cryptocurrency holdings and is more energy-efficient, as seen in Ethereum 2.0. Delegated Proof of Stake (DPoS), used by EOS and TRON, allows stakeholders to vote for delegates who validate transactions, offering enhanced scalability and speed. Proof of Space (PoSpace) or Proof of Capacity (PoC), exemplified by Chia, utilizes a miner's hard drive space for mining, reducing energy consumption. In addition, PoW suffers from several pitfalls such as wallet security, private key management, and potential vulnerabilities in the network protocol. I would argue for a systematic approach when tailoring advanced technologies for cybersecurity applications such as Defense in Depth. Defense in Depth is a superior approach to cybersecurity compared to relying on a single technology because it provides multiple layers of security, reducing the risk of a breach if one layer fails.
Jason Lowery Have you looked into BitVM? it's implementing logic gates inside of merkle trees and allowing for computation to be validated/verified by another party or loss of sats occur. Not necessarily the macrochip concept you describe here but still a new computing paradigm built into this macrochip called "Bitcoin".
It's going to move rapidly from strategic offset to primary means of power competition. I really hope they pay attention. Onwards.
Proof-of-work is used as a solution for the Byzantine Generals' Problem, thus you can claim #bitcoin was designed as a weapon. On ohe other hand, you can say it about anything. "Blockchain is not an economical solution for reduction of the uncertainty of information related to anything outside of the blockchain. The only use case is money. Blockchain can have security guarantees only for the data inside the blockchain and nothing else - no real estate, art, or supply chain." The full argumentation is in this short article. https://www.linkedin.com/pulse/blockchains-only-use-case-money-denys-szerebriakou
Cryptocurrencies like the proposed Federal Reserve Board Digital Dollar are the fuutre forever financially that will send shockwaves throughout the world economy as we face threats from scammers, hackers, and even solar flares that might take out the electronic banking system due to electronics fried from EMP (Electro-Magnetic Pulses) from the Sun or an atmospheric nuke from rogue North Korea.
Karl Rabe Michael Byers-Norton Greg S-K Ness ℏ Matthew Punch Ali Chehrehsaz important read in the context of our ongoing work 💪
but didja know it can be broken into infinite parts https://www.linkedin.com/in/rspalding?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=ios_app
USCG Cloud, Data, & AI Branch Chief (Director)
5moI don't understand the connection of the macrocomputer concept to cybersecurity. Your letter introduces several concepts but doesn't say how a proof-of-work blockchain utilizing the electric grid can do the things you say it can do (protect data, eliminate vulnerabilities, etc). I suppose this might be in your thesis, but you left it open for the reader to just wonder.