Jason Lowery’s Softwar “thesis” is an entire joke. It’s a mixture of incoherent, and subtly so, argumentation about cybersecurity and a repackaging of outdated subjects of dialogue that have been totally explored a decade earlier than Jason Lowery turned a reputation that anybody was acquainted with on this house.
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 concept of Jason’s. It’s a extensively mentioned dynamic going way back to 2011-2013. Primarily each Bitcoiner since that point interval who has been concerned sufficient on this house to check and focus on the place issues have been getting 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 turned 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’s common sense that was apparent to each random nerd who was on this house over a decade in the past.
The facet of Bitcoin securing knowledge nonetheless is patently absurd and incoherent. Bitcoin doesn’t “safe” knowledge. It may well timestamp knowledge, however that isn’t a magic assure of safety. It does nothing in any way 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 operating 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 total bedrock it’s based mostly on, every little thing 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 completed for 2 causes, 1) to handle useful resource use and cease them from being wasted, or 2) to solely permit particular people you may have licensed to entry the API. Bitcoin can assist with the previous barely, however does nothing in any way to assist with the latter.
Even monetizing an API with bitcoin doesn’t actually assist useful resource administration defending towards DoS assaults. Individuals can nonetheless ship packets to your machine with out a fee. These packets nonetheless should be diverted or managed by conventional DoS techniques, 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 fingers on does nothing to limit entry to a system to solely particular individuals that you simply wish to entry that system. Cryptography does that. Passwords do this. Applied sciences that exist already fully independently of, and don’t have any want for, Bitcoin. To not point out that even with such techniques correctly carried out, the {hardware} and software program on the system being secured is in the end what secures that system. Individuals don’t fail to breach a server as a result of “Bitcoin is defending it,” they fail as a result of the safety techniques 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 executed incorrectly or flaws exist in these techniques. 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 complete facet 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 won’t change the geopolitical competitors over agricultural lands, pure sources, tactical navy positions, or something that nation states go to battle 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 house. It’s an entire joke, and anybody shopping for it demonstrates they’ve zero important 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.
