Please use this identifier to cite or link to this item:
Title: Understanding Bitcoin and its Utility for Special Operations Forces
Authors: Michael Pero
Keywords: Bitcoin
U.S. Special Operations Command
Web 3.0
Web 3
Chinese smart cities
opium wars
century of humiliation
Issue Date: 1-Mar-2022
Publisher: Acquisition Research Program
Citation: APA
Series/Report no.: Financial Management;NPS-FM-22-232
Abstract: In just over 12 years, Bitcoin rose from an obscure idea posted to a cryptographer’s mailing list to a globally-recognized asset class with market cap of over $1 trillion. This paper examines Bitcoin and the blockchain technology on which it is based from two distinct angles: 1) its long-term viability as money or a durable unit of exchange, and 2) its potential applications within U.S. Special Operations Command (USSOCOM) to enhance operational effectiveness. As a unit of exchange, Bitcoin contains the fundamental properties of money—durability, portability, divisibility, uniformity, and limited supply—but lacks one important characteristic: acceptability. Bitcoin’s odds of reaching this final milestone are threatened by the basic psychology of power, fear, and sovereign nations’ ability to exert control over its money supply. Within USSOCOM, early adoption of Bitcoin can provide a suite of tactical tools and options to counter Chinese expansion, enable human intelligence operations, and modernize frontline payment methods with the use of digital tokens and e-wallets.
Description: Student thesis
Appears in Collections:NPS Graduate Student Theses & Reports

Files in This Item:
File Description SizeFormat 
NPS-FM-22-232.pdf899.15 kBAdobe PDFView/Open

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.