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 It’s a mixture of incoherent, and subtly so, argumentation about cybersecurity and a repackaging of outdated subjects of dialogue that have been completely explored a decade earlier than Jason Lowery grew to become a reputation that anybody was accustomed to on this area.
First let’s have a look at the nation state mining “defensive weaponry” nonsense. Nation states being incentivized to mine, or help mining of their jurisdictions, will not be some novel concept of Jason’s. It’s a broadly mentioned dynamic going way back to 2011-2013. Basically 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 into the long run has thought of the dynamic of countries getting concerned with mining if Bitcoin was truly profitable in its progress 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 gasoline. 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 facet of Bitcoin securing knowledge nevertheless is patently absurd and incoherent. Bitcoin doesn’t “safe” knowledge. It may well timestamp knowledge, however that’s not a magic assure of safety. It does nothing in anyway 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 complete bedrock it’s based mostly on, the whole lot 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 massive bounce is that charging in bitcoin for API calls by some means improves safety. That is full nonsense. Proscribing 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 have got licensed to entry the API. Bitcoin might help with the previous barely, however does nothing in anyway 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 cost. These packets nonetheless must 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 just need 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 techniques 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 techniques on that server are correctly applied.
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 whole 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 in opposition to one another? Laughable. Bitcoin mining is not going to 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 remark that an uncountable variety of Bitcoiners had a decade earlier than he ever entered this area. It’s an entire 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 totally the writer’s and don’t essentially mirror these of BTC Inc or Bitcoin Journal.
