U.S. Explores Bitcoin's Potential to Bolster National Cybersecurity and Global Finance
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Jason Lowery of the U.S. Space Force says Bitcoin's proof-of-work system could help deter cyberattacks against the U.S. by making attacks more resource intensive.
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Lowery urged the Defense Innovation Board to advise investigating Bitcoin's "national strategic importance" for cybersecurity.
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Lowery argues Bitcoin could kickstart a "cybersecurity revolution" by using the global electric grid to physically constrain malicious actors online.
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Coinbase CEO Brian Armstrong believes Bitcoin could complement the U.S. dollar and help extend Western civilization by providing an alternative to inflationary fiat currencies.
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Armstrong suggests stablecoins and flat coins could play a major role in unifying the worlds of cryptocurrency and fiat currency.