According to a former intelligence officer who worked for the CIA, Andrew Bustamante believes that blockchain could be a threat to national security of the United States. He released these comments during an AmA on Reddit a few days ago.
One of the redditors asked him what is the biggest threat to America and its national security in the coming years. Some of the main topics that could be discussed concerned North Korea and the situation on the Korean peninsula, Russia and the conflict with Ukraine or Iran and its nuclear plans.
However, Bustamante replied:
"Blockchain technology, no joke, super powerful stuff, and the first to figure out how to hack it, manipulate it or bring it down by winning."
He did not provide further explanations on this. However, another redditor asked him to provide a clear distinction between blockchain and quantum computers. To this question, he replied that it is a just point that marked. Quantum computing could change the way blockchain technology works.
The MIT Technology Review commented on the issue:
"Bitcoin has two important security features that prevent it from being stolen or copied, both of which are based on cryptographic protocols that are difficult to decipher – in other words, they take advantage of mathematical functions, such as factorization, that are easy in one direction but difficult to do. other, at least for a normal computer. "
Some issues related to national security could be related to anonymous, untraceable transactions. This would not allow governments and other entities to track transactions in virtual currency.
Blockchain technology is embraced by many different companies around the world. In fact, there are governments that are using it to reduce costs and improve their processes.
Cryptocurrencies have always been criticized by different individuals in the traditional financial world. Most critics say that virtual currencies can be used by criminals to carry out transactions and avoid taxes.