jason "space boy" Lowery’s Bitcoin "proposition" Is it just incoherent gibberish?

Jason Lowery’s Softwar “paper” is a complete joke. It’s an incoherent and nuanced mix of the debate over cybersecurity and a repackaging of old debate topics that were thoroughly explored a decade before Jason Lowery became a household name in the field.

First, let’s look at the nonsense about countries mining “defensive weapons.” It’s not a new idea for Jason for states to have incentives for mining or to support mining in their jurisdictions. This is a widely discussed dynamic dating back to 2011-2013. Essentially every Bitcoiner who has been involved enough in this space since that period to study and discuss how things are going over the long term has taken into account the dynamics of countries participating in mining if Bitcoin is indeed successful in growing over the long term.

If Bitcoin becomes geopolitically relevant globally, countries will always have an interest in the mining sector. States are involved in regulating all major commodities and their production, from gold to oil to natural gas. This isn’t some new theory or concept, it’s common knowledge that would have been obvious to any random nerd who was in this space 10 years ago.

However, the data security aspects of Bitcoin are patently outrageous and inconsistent. Bitcoin does not “secure” your data. You can timestamp data, but that doesn’t magically guarantee its security. It does nothing to protect your data against data leaks (access and copying by unauthorized persons) and does not guarantee its integrity or accuracy. All data on the blockchain is publicly accessible to anyone running a node. The idea that Bitcoin is useful for controlling access to information is absolutely absurd. Essentially, any data stored in Bitcoin can be accessed by literally anyone.. That’s the entire foundation on which it’s based, and everything is open and transparent so you can see it.

Now let’s talk about paywalls, APIs, and “digital energy” nonsense. Lowery’s next big leap is that charging in Bitcoin for API calls will improve security. This is complete nonsense. The reasons for restricting access to your API are to 1) manage resource usage and prevent resource waste, or 2) allow access to your API only to specific individuals you have authorized. Bitcoin may help a little with the former, but it doesn’t help with the latter at all.

Even monetizing your API with Bitcoin doesn’t really help with resource management to protect against DoS attacks. People can still send packets to your computer without paying you. These packets must be diverted or managed by existing DoS systems, which typically operate by blackholing or redirecting packets away from the system. Bitcoin payments do nothing to eliminate the need to do that.

Money that anyone can get their hands on has no effect on limiting access to the system. Only specific people who want to access that system. Encryption does that. Passwords do that. It is a technology that already exists completely independently of Bitcoin and does not require Bitcoin. Even if such a system is properly implemented, The hardware and software of a secured system are what ultimately protects that system.. People fail to break into servers not because “Bitcoin is protecting them,” but because the security systems on those servers are properly implemented.

Bitcoin, and even proper encryption without Bitcoin, does nothing to keep the system secure when the implementation is bad or the system in question is flawed. This is the root of cybersecurity, and Bitcoin does absolutely nothing to change that. It doesn’t help that your hardware is defect-free or your security software is bug-free. Entire aspects of his “paper” are completely incoherent gibberish and not at all logical. Fraud is building a reputation by deceiving people who don’t understand these things and hiding consistency and incompetence behind cheerleading ignorant people.

And is it nonsense to say “Bitcoin will stop wars” because countries will compete with each other for mining? laughable. Bitcoin mining does not change geopolitical competition for agricultural land, natural resources, tactical military positions, or anything else that nations are waging war on. It is pure illusion.

Jason Lowery doesn’t have a “thesis.” He’s taped together a pile of incoherent crap centered around a single observation that countless Bitcoin users experienced a decade before he entered the space. This is a complete joke and shows that anyone purchasing this has absolutely no critical thinking skills or familiarity with the subject matter.

This article take. The opinions expressed are solely those of the author and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.