Will nations fight Bitcoins with a competitive Jena network?

Published on:

In the discussion about X, Jason Lowera debated the profitability and future of the reusable evidence (RPOW)-especially whether nations can try to create competitive proof of work proof. The conversation caused the Rabbit Hole Investor inquiry (@Abbitholeinvst) addressed to Lowera, an astronautic engineer, major in the American cosmic strength and the author of the work “Softwar”. Lowera thesis emphasizes Bitcoin’s strategic importance for US national security.

Can national countries fight Bitcoins with their own charms?

Investor Rabbit Hole asked Lowery: “Do you see the future in which other reusable evidence is created for other applications?” Lowera answered the questions he had previously received from the policy of the White House science and technology.

He It was found That although he cannot predict the future with absolute certainty, he believes that there will be a dominant RPOW network, which will gain universal acceptance in the same way in which TCP/IP has become a global standard of data transport: “This was one of the questions I received From the policy of the science and technology of the White House. […] My intuition is such that a single dominant proof-of work (RPOW) will appear as the main standard-like TCP/IP has become a universal data transport protocol […] In RPOW, the network size directly translates into security. […] This consolidation of all RPOW applications in one RPOW network […] It is a strategic necessity. “

He developed how the security of the RPOW with computing energy and energy expenditure is scaled, creating a “strengthening cycle”, which naturally encourages participants to migrate to the largest and safest network. Lowery pointed to what he calls “mutually provided with protection”, where even opposite national states (e.g. NATO and BRICS) would become “artificial” in the same RPOW network. According to its assessment: “The cost of attacking both sides increases to such an extent that they become” madness “, each strengthens the safety of the interests of the second in the same network.”

Lowera’s attitude strongly bends towards Bitcoin as the dominant RPOW protocol. Although the “maximalist Bitcoins” is not determined, he explains that Bitcoin is in fact a global standard due to market forces and network effects.

Thomas Adolescent, a managing partner at Rumjog Enterprises, further examined Lowery’s thesis, asking about the individual property of the bitcoins and the potential of monetization for BTC in a world in which national countries treat the net as “standard”: “Will it be practical for individuals to be owners. Privately owned BTC? … In particular, the national “rent” would privately maintain BTC to contribute or create diversification, or will they just want their own BTC? “

Lowery replied: “I am a subscriber to the belief that if Bitcoin becomes a global accounting unit, his purchasing power will naturally increase when humanity becomes more productive. This makes the need to prosecute the distance – even independent. Bitcoin itself is performance. “

Then he divided caution into the promises of profitability in the future, in which governments can accept executive orders in order to take over BTC in the field of care. According to Lowera: “If I were a wicked president or nation, I would lure people to give up my own care for BTC, hanging the promise of performance … Then, with a simple executive order, I would nationalize Nydiga, Coinbase, and Bitcoin Mest … That’s why I don’t have Mstr. Bitcoin Mstst is a honeypot of the future president … When the next EO6102 appears, he will be widely supported. “

Another user asked Lowera if sovereign entities can create their own networks – for example, Sidechains or driven in the main Bitcoin network – under sovereign control. Lowery responded with a contrasting poviat, and the proof of the stake (POS) in terms of centralization: “If the goal is sovereign control over the net and implement a POS system based on voting … This structure will ensure that the control remains centralized … while maintaining (false) appearance of a decentralized system. “

He admitted that the nation can create a network of RPOWs with centralized administrative control, but it considers this approach to more elaborate and less effective compared to the uncomplicated system of provides to achieve centralized management: “POS offers a more direct and practical way to achieve a centralized control over digital control network of asset without computing and energy -consuming requirements “

The overriding topic of Lowery’s commentary is that the theoretical pressure of the Game-Games among people and national states-consolidate around one, safest network of the area. He claims that the scale and rooted Bitcoin position give him an almost uncertain advantage. Meanwhile, nations seeking controls can experiment with alternative protocols, but ultimately face a steep battle to the hill competing with what has already been adopted by the “free and open market”.

During the BTC press it traded for USD 95,937.

The price of bitcoins is below the key resistance zone (red), 4-hour chart | Source: Btcusdt at tradingview.com

A distinguished painting created from Dall.e, chart from tradingview.com

Related

Leave a Reply

Please enter your comment!
Please enter your name here