Jason Lowery’s Softwar “thesis” It’s a joke. The argumentation is incoherent. It’s subtle. And it’s repackaging topics from a decade ago that had been thoroughly discussed.
Let’s first look at nation-state mining “defensive weaponry” nonsense. Jason isn’t the first to think of this. The dynamic is well-known and has been discussed as early as 2011. Since 2011, every Bitcoiner who was involved in this area enough to discuss and study where things would go in the future has taken into consideration the possibility of countries getting involved in mining, if Bitcoin were successful.
Nation states would always be interested in mining if Bitcoin became geopolitically important on a global level. All major commodities, including gold, oil and gas are regulated by nation states. It is not a novel idea or thesis, but common sense. Every random geek who was around this area over the past decade would have agreed.
Bitcoin’s ability to secure data is absurd. Bitcoin does not “secure” data. Data can be timestamp, but this is no guarantee for security. The blockchain does absolutely nothing to prevent data exfiltration from being accessed or copied by an unauthorized person. The blockchain makes all information publicly available to any node. Bitcoin is not useful in controlling the access to information. Bitcoin data is available to anyone.. This is its foundation, with everything open and transparent to allow it to be checked.
Let’s not talk about APIs and other nonsense. “digital energy.” Lowery makes his next leap, claiming that paying in bitcoins for API calls improves security. The statement is utter nonsense. Restricting access to APIs can be done in two ways: 1) to control resource usage and avoid waste, or 2) only allowing specific users to have access. Bitcoin helps with the former, but nothing at all for the latter.
It’s not enough to monetize an API using bitcoin. Even without payment, people can send you packets. These packets must still be managed or diverted by DoS systems that work by blocking packets or rerouting them from your machine. Payments in bitcoin are not a substitute for traditional DoS systems.
Money that is easily accessible by anyone does not restrict the access to any system. Only specific users that you wish to have access.. This is what cryptography does. Cryptography does that. Bitcoin does not need to exist for technologies already existing. Even with these systems implemented properly, The hardware and software of the system to be secured ultimately secures it. They don’t breach servers because “Bitcoin is protecting it,” The security system on this server is not implemented properly.
Bitcoin and proper cryptography, even without Bitcoin does not keep systems secure, if they are implemented incorrectly, or if there are flaws in the system. Bitcoin can do nothing about this. Bitcoin does not make security software and hardware free of flaws. The entire concept of his “thesis” It’s utterly incoherent and makes absolutely no sense. The con is to lure people in who don’t understand and then build your reputation behind the cheerleading of clueless people.
The whole is not the same “Bitcoin will stop wars” Why would nation states compete in the mining industry against one another? Laughable. The mining of bitcoins will not alter the competition between nations over natural resources, agricultural land, military tactical positions or any other issue that causes them to go to war. The idea is a complete delusion.
Jason Lowery is not a “thesis”It’s a complete joke, and anyone buying it shows they have no critical thinking skills or familiarity with the relevant subject matter. This is a joke and whoever buys it shows that they don’t have any critical thinking abilities or are unfamiliar with the topic.
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Source: bitcoinmagazine.com
