How Bitcoin Became a Weapon: A Critique of Jason Lowery’s Softwar from the Austrian Perspective

In his controversial book Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin, US Space Force officer Jason Lowery presents Bitcoin, not as money or a market asset, but as a weapon of national defense. According to Lowery, proof-of-work (PoW) is not simply a consensus mechanism—it is a new form of power projection that turns kinetic force into digital deterrence.

Vincent Geloso

Dr. Vincent J. Geloso is an Assistant Professor of Economics at George Mason University.

Chandler Reilly

Chandler Reilly, Ph.D., is an assistant professor of Economics at Metropolitan State University of Denver.

What Keeps Us Safe?

The Free Market 14, no. 3 (March 1996)

 

Look at the back of your computer monitor, the bottom of your table lamp, or the label on your hair dryer. Chances are you will see the symbol “UL” with a circle around it. It stands for Underwriters Laboratories, a firm headquartered in Northbrook, Ill., and an unsung hero of the market economy. 

Oscar1

Oscar Ortiz is an economist from Bolivia with a Master’s degree in financial engineering, he holds postgraduate