US admiral calls Bitcoin an instrument for US ‘power projection’
US Navy Admiral Samuel Paparo said Bitcoin’s proof-of-work technology has “really important” computer science applications when it comes to cybersecurity.
A senior US military commander has lauded Bitcoin as a “valuable computer science tool,” arguing its usefulness extends beyond monetary applications and can support US national security interests.
“It is a valuable computer science tool, as a power projection,” Admiral Samuel Paparo said at a Senate Armed Services Committee hearing on Tuesday, adding that Bitcoin’s proof-of-work technology “imposes more cost” on attackers attempting to compromise the network:
The Senate hearing looked into the strategic posture of US forces in Indo-Pacific, including ongoing conflicts in Ukraine and the Middle East, China’s military expansion and coordination with foreign adversaries, and threats from North Korea.