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 It’s a mixture of incoherent, and subtly so, argumentation about cybersecurity and a repackaging of outdated matters of dialogue that had been completely explored a decade earlier than Jason Lowery turned a reputation that anybody was accustomed to on this area.
First let’s take a look at the nation state mining “defensive weaponry” nonsense. Nation states being incentivized to mine, or help mining of their jurisdictions, just isn’t 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 area to check and talk about the place issues had been entering into the long run has thought-about the dynamic of countries getting concerned with mining if Bitcoin was really profitable in its development long run.
If Bitcoin ever turned geopolitically related at a world scale, nation states had 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 gasoline. This isn’t some novel thesis or notion, it’s common sense that was apparent to each random nerd who was on this area over a decade in the past.
The side of Bitcoin securing information nevertheless is patently absurd and incoherent. Bitcoin doesn’t “safe” information. It will probably timestamp information, however that’s not a magic assure of safety. It does nothing in any respect to guard information from exfiltration (being accessed by unauthorized folks and copied), nor does it assure integrity or accuracy. All information 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 information placed on Bitcoin is accessible by actually anybody. That’s the complete bedrock it’s based mostly on, every part being open and clear in order that it may be verified.
So let’s speak about paywalls, APIs, and nonsense gibberish like “digital vitality.” Lowery’s subsequent huge soar is that charging in bitcoin for API calls one way or the other 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 permit particular people you might have licensed to entry the API. Bitcoin can assist with the previous barely, however does nothing in any respect to assist with the latter.
Even monetizing an API with bitcoin doesn’t actually assist useful resource administration defending in opposition to DoS assaults. Individuals can nonetheless ship packets to your machine with no fee. These packets nonetheless need to be diverted or managed by conventional DoS programs, 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 fingers on does nothing to limit entry to a system to solely particular folks that you just need to entry that system. Cryptography does that. Passwords try 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 programs correctly applied, the {hardware} and software program on the system being secured is finally 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 programs on that server are correctly applied.
Bitcoin, and even correct cryptography with out Bitcoin, does nothing to maintain a system safe when implementations are completed incorrectly or flaws exist in these programs. 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 in opposition to one another? Laughable. Bitcoin mining is not going to change the geopolitical competitors over agricultural lands, pure assets, 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 statement 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 vital considering abilities or familiarity with the related subject material.
This text is a Take. Opinions expressed are solely the creator’s and don’t essentially mirror these of BTC Inc or Bitcoin Journal.
