450,544 views | | Jun 10, 2020, 08:18pm EDTBilly Bambrough Contributor Opinions expressed by Forbes Contributors are their own.
I write about how bitcoin, crypto and blockchain can change the world.
Bitcoin has struggled to find support in the U.S. government, with president Donald Trump, along with Treasury secretary Steven Mnuchin, leading the criticism.
Now, it’s been revealed the U.S. Department of Defense has wargamed scenarios involving a Generation Z rebellion that uses bitcoin to undermine and evade “the establishment.”MORE FROM FORBES Bitcoin Counters Donald Trump’s Antifa Protest Threat By Billy Bambrough
D.C., the United States.
Xinhua News Agency/Getty Images
In the Pentagon war game, young people born between the mid-1990s and early 2010s use cyber attacks to steal money and convert it to bitcoin, documents published by investigative news site The Intercept revealed.
Called the 2018 Joint Land, Air and Sea Strategic Special Program (JLASS), the war game is set in 2025 and is “intended to reflect a plausible depiction of major trends and influences in the world regions.”
The scenario, which echoes recent protests in the U.S. and around the world against racial injustice, involves some members of Gen Z, who see themselves “as agents for social change” and believe the “system is rigged” against them, begin a “global cyber campaign to expose injustice and corruption and to support causes it deem[s] beneficial.”
The group, called Zbellion, encourages cyber attacks against organizations that support “the establishment,” funnelling stolen cash into bitcoin to make “small, below the threshold donations” to “worthy recipients” and Zbellion members.
The program, which also reportedly wargamed scenarios involving Islamist militants and anti-capitalist extremists, was conducted by students and faculty from the U.S. military’s war colleges, the training ground for prospective generals and admirals.MORE FROM FORBES China Could Force Donald Trump And The Fed To Destroy The U.S. Banking System By Billy Bambrough
Defence has seriously considered the possibility bitcoin could be used by future rebellions.
The Intercept / The Department of Defense
The Pentagon war game documents have been revealed after Florida Republican Representative Matt Gaetz called for the government to “freeze” the money of demonstrators after country-wide protests over the killing of George Floyd turned violent this month.
“One of the most important tools in the authoritarian toolkit is the ability to freeze the funding of legitimate political dissent,” Nathaniel Whittemore, a bitcoin and cryptocurrency consultant and strategist, said previously.
“By separating the infrastructure of money from the infrastructure of state power, bitcoin makes it that much harder for this type of politically motivated confiscation.”
“In the wake of unprecedented central bank action around the Covid-19 crisis, it seemed like the most relevant narrative of bitcoin in 2020 was as a hedge against inflation,” Whittemore said.
“It appears, however, that its capacity for censorship resistance might be just as relevant.”
Follow me onTwitter.
I am a journalist with significant experience covering technology, finance, economics, and business around the world. As the founding editor of Verdict.co.uk I reported… Read More
I am a journalist with significant experience covering technology, finance, economics, and business around the world. As the founding editor of Verdict.co.uk I reported on how technology is changing business, political trends, and the latest culture and lifestyle. I have covered the rise of bitcoin and cryptocurrency since 2012 and have charted its emergence as a niche technology into the greatest threat to the established financial system the world has ever seen and the most important new technology since the internet itself. I have worked and written for CityAM, the Financial Times, and the New Statesman, amongst others. Follow me on Twitter @billybambrough or email me on billyATbillybambrough.com. Disclosure: I occasionally hold some small amount of bitcoin and other cryptocurrencies.Read Less