Weaponizing Digital Currency
- G. Mark Hardy
- Wednesday, July 9th, 8:15pm - 9:15pm
Satoshi Nakamoto wasn't stupid. In the early days, he (they) mined over 1,000,000 Bitcoins when nobody really cared. If Bitcoin continues to increase in value at the rate it did last year, someone will be holding a massive currency weapon. George Soros destabilized the British pound in 1992 and made over Â£1,000,000,000 profit. In the largest counterfeiting operation in history, Nazi Germany devised Operation Bernhard to destabilize the British economy by dropping millions of pounds from Luftwaffe aircraft. If the holder of the megabitcoin has a currency digital weapon that works frictionlessly in milliseconds, against whom will he target it? Can it destabilize an entire government? Can it be continuously reused for blackmail? What should governments be doing now to plan for this contingency and fight back? We'll discuss an entirely new class of information weapon -- digital cryptocurrency -- and how it might either change the course of history, or be relegated to the ash heap of failure.
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