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 dialogue that have been totally explored a decade earlier than Jason Lowery grew to become a reputation that anybody was acquainted with on this area.
First let’s have a look at the nation state mining “defensive weaponry” nonsense. Nation states being incentivized to mine, or assist mining of their jurisdictions, shouldn’t be some novel concept 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 stepping into the long run has thought of the dynamic of countries getting concerned with mining if Bitcoin was truly profitable in its development long run.
If Bitcoin ever grew to become geopolitically related at a world scale, nation states have been all the time 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 nevertheless is patently absurd and incoherent. Bitcoin doesn’t “safe” knowledge. It might timestamp knowledge, however that isn’t a magic assure of safety. It does nothing by any means to guard knowledge from exfiltration (being accessed by unauthorized folks and copied), nor does it assure integrity or accuracy. All knowledge on the blockchain is publicly accessible to anybody working a node. The concept 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 complete bedrock it’s based mostly on, every little thing being open and clear in order that it may be verified.
So let’s speak about paywalls, APIs, and nonsense gibberish like “digital power.” Lowery’s subsequent large soar is that charging in bitcoin for API calls someway improves safety. That is full nonsense. Limiting entry to an API is completed for 2 causes, 1) to handle useful resource use and cease them from being wasted, or 2) to solely enable particular people you might have approved to entry the API. Bitcoin may also 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 fee. These packets nonetheless need to be diverted or managed by conventional DoS methods, which usually 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 palms on does nothing to limit entry to a system to solely particular folks that you simply wish to entry that system. Cryptography does that. Passwords do this. Applied sciences that exist already fully independently of, and haven’t any want for, Bitcoin. To not point out that even with such methods correctly carried out, 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 carried out.
Bitcoin, and even correct cryptography with out Bitcoin, does nothing to maintain a system safe when implementations are achieved incorrectly or flaws exist in these methods. That’s the root of cybersecurity, and Bitcoin does completely nothing to alter 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 status by hiding incoherence and incompetence behind clueless folks 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 won’t change the geopolitical competitors over agricultural lands, pure sources, tactical army positions, or something that nation states go to conflict over. It’s pure delusion.
Jason Lowery doesn’t have a “thesis”, he has a pile of incoherent rubbish taped collectively round a single remark 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 expertise or familiarity with the related subject material.
This text is a Take. Opinions expressed are solely the writer’s and don’t essentially mirror these of BTC Inc or Bitcoin Journal.
