The under article was initially revealed in Marty’s Bent Issue #1053: “Mutually Assured Preservation.“
This is a rare and elusive LinkedIn post that’s truly attention-grabbing and thought frightening. It comes from Jason Lowrey, a member of the US Area Pressure, and it lays out Jason’s thesis that Bitcoin could possibly be a method by which humanity can usher in a worldwide peacetime. The character of the Bitcoin protocol utilizing a Proof of Work consensus mechanism to pretty document and monitor possession modifications inside its distributed ledger positions it effectively to switch the predominant consensus mechanism used at present to “validate the respectable state of property and its chain of custody”; militaries partaking in bodily warfare. Put one other manner, if humanity adopts a Bitcoin Customary all wars would finish as a result of we would have a extra peaceable manner of figuring out the state of liberty/property.
Now, that is solely a thesis that Jason has put forth and there’s no solution to know for certain if that is how issues will play out. Nonetheless, that is similar to a few concepts we now have talked about on this rag on occasion. The one put forth by Henry Ford and Buckminster Fuller; a transition to a forex backed by vitality would finish wars. The opposite put forth by Elaine Ou; nations may theoretically part out their nuclear arsenals and show it by measuring modifications in Bitcoin’s hashrate over a sure time frame by.
These are all theories and theses at this level. Really one may argue Bitcoin is already the vitality forex envisioned by Ford and Fuller and most of the people simply do not understand it but. Regardless, man does it appear to make loads of sense that the world will change into extra peaceable as humanity is given the means to take action profitably, which Bitcoin mining gives. Vitality assets of every kind are unfold out throughout the planet. Creating an equal taking part in subject on which everybody performs by the identical precise guidelines; determine how you can purchase ASICs and plug them so you may start buying bitcoins, may result in higher and extra peaceable outcomes.
At scale, this equal taking part in subject will assist us rid ourselves of “the world’s wildly intervarying, opinion-gambled-upon, top-power-system-manipulatable financial methods” as Fuller so eloquently describes it. Society could have been sufficiently incentivized to ditch the previous manipulated system for the fairer taking part in subject. As a substitute of specializing in gaining property and property within the bodily world which naturally results in battle, societies will deal with changing their vitality assets into hashes that allow them to accumulate bitcoin; the very best type of cash the world has ever seen. By way of the standard of the financial good and the distributed community which tracks its motion. Bitcoin will suck worth in from each different retailer of worth asset most are comfy with at present whereas enabling the monetization of stranded vitality property all over the world concurrently.
I in all probability should not say it’s going to try this and be extra descriptive by saying it IS doing that proper now, simply at a really small scale.
Anyway, I’ve gotten a bit off monitor right here. I suppose the factor I am attempting to spotlight on this concern is the truth that the thought of a forex backed by vitality ushering in world peace has been round for at the very least a century and Bitcoin could also be an implementation of that concept within the wild.
I can not wait to learn Jason’s thesis paper if he ever makes it public!
To learn the unique put up and extra of Bent’s work, go to TFTC.io.