Jason Lowery’s Softwar “thesis” is a whole joke. It’s a mixture of incoherent, and subtly so, argumentation about cybersecurity and a repackaging of previous matters of debate that have been totally explored a decade earlier than Jason Lowery grew to become a reputation that anybody was aware of on this area.
First let’s take a look at the nation state mining “defensive weaponry” nonsense. Nation states being incentivized to mine, or assist mining of their jurisdictions, is just not some novel thought of Jason’s. It’s a broadly mentioned dynamic going way back to 2011-2013. Primarily each Bitcoiner since that point interval who has been concerned sufficient on this area to review and talk about the place issues have been getting in the long run has thought-about the dynamic of countries getting concerned with mining if Bitcoin was really profitable in its progress long run.
If Bitcoin ever grew to become geopolitically related at a world scale, nation states have been at all times going to take an curiosity within the mining sector. Nation states have an involvement in regulating all main commodities and their manufacturing, from gold to grease and pure fuel. This isn’t some novel thesis or notion, it is not uncommon sense that was apparent to each random nerd who was on this area over a decade in the past.
The side of Bitcoin securing knowledge nonetheless is patently absurd and incoherent. Bitcoin doesn’t “safe” knowledge. It could possibly timestamp knowledge, however that’s not a magic assure of safety. It does nothing by any means to guard knowledge from exfiltration (being accessed by unauthorized individuals and copied), nor does it assure integrity or accuracy. All knowledge on the blockchain is publicly accessible to anybody working a node. The thought of Bitcoin being helpful for controlling entry to data is simply absurd. By its very nature any knowledge placed on Bitcoin is accessible by actually anybody. That’s the whole bedrock it’s primarily based on, every part being open and clear in order that it may be verified.
So let’s discuss paywalls, APIs, and nonsense gibberish like “digital vitality.” Lowery’s subsequent large leap is that charging in bitcoin for API calls by some means improves safety. That is full nonsense. Limiting entry to an API is finished for 2 causes, 1) to handle useful resource use and cease them from being wasted, or 2) to solely enable particular people you’ve got approved to entry the API. Bitcoin may help with the previous barely, however does nothing by any means to assist with the latter.
Even monetizing an API with bitcoin doesn’t actually assist useful resource administration defending towards DoS assaults. Folks can nonetheless ship packets to your machine with out a cost. These packets nonetheless must be diverted or managed by conventional DoS methods, which generally work by blackholing packets, or redirecting them away out of your system. Bitcoin funds do nothing to do away with the necessity to do such issues.
A cash that anybody can get their arms on does nothing to limit entry to a system to solely particular individuals that you just wish to entry that system. Cryptography does that. Passwords try this. Applied sciences that exist already utterly independently of, and don’t have any want for, Bitcoin. To not point out that even with such methods correctly applied, the {hardware} and software program on the system being secured is in the end what secures that system. Folks don’t fail to breach a server as a result of “Bitcoin is defending it,” they fail as a result of the safety methods on that server are correctly applied.
Bitcoin, and even correct cryptography with out Bitcoin, does nothing to maintain a system safe when implementations are accomplished incorrectly or flaws exist in these methods. That’s the root of cybersecurity, and Bitcoin does completely nothing to vary it. It doesn’t assist {hardware} be free from flaws, or safety software program be free from bugs. This whole side of his “thesis” is completely incoherent gibberish, that makes no logical sense in any respect. It’s a con to sucker in individuals who don’t perceive these items and construct a repute by hiding incoherence and incompetence behind clueless individuals cheerleading.
And the entire “Bitcoin will cease wars” nonsense as a result of nation states will compete with mining towards one another? Laughable. Bitcoin mining is not going to change the geopolitical competitors over agricultural lands, pure sources, tactical army positions, or something that nation states go to struggle over. It’s pure delusion.
Jason Lowery doesn’t have a “thesis”, he has a pile of incoherent rubbish taped collectively round a single commentary that an uncountable variety of Bitcoiners had a decade earlier than he ever entered this area. It’s a whole joke, and anybody shopping for it demonstrates they’ve zero crucial pondering abilities or familiarity with the related material.
This text is a Take. Opinions expressed are fully the creator’s and don’t essentially replicate these of BTC Inc or Bitcoin Journal.