Publication:
A Coin for the Tsar: The Two Disruptive Sides of Cryptocurrency

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Authors
Telley, Chris
Subjects
Advisors
Date of Issue
2018-04-16
Date
April 16, 2018
Publisher
Language
en_US
Abstract
Vladimir Putin is getting the Kremlin into the cryptocurrency business, and the United States should be worried: The West is still reeling from the last time Russia delved into disruptive social technology. For kleptocrats and non-state groups alike, cryptocurrencies—like Bitcoin— provide a means to “commit the oldest sins in the newest ways;” what’s more, an adversary state can scale up these novel advantages to further disrupt the contemporary security environment.[i] However, cryptocurrencies also offer a host of benefits to entrepreneurial individuals and innovative economies. Acting to influence the cryptocurrency ecosystem can be a decisive option for national competition below the threshold of war, whereas not acting magnifies the asymmetric advantage these technologies provide to our adversaries, particularly Russia. This paper examines the evolving power of cryptocurrency, describes threat behaviors enabled by the technology, and recommends some ways to counter threat activity in this nascent digital economic environment while preserving the possibilities for healthy innovation.
Type
Article
Description
Captain Telley warns about the dangers of Russia getting into the cryptocurrency business in "A Coin for the Tsar: The Two Disruptive Sides of Cryptocurrency," written for the Small Wars Journal. As he states, "This paper examines the evolving power of cryptocurrency, describes threat behaviors enabled by the technology, and recommends some ways to counter threat activity in this nascent digital economic environment while preserving the possibilities for healthy innovation."
Department
Organization
Naval Postgraduate School (U.S.)
Identifiers
NPS Report Number
Sponsors
Funder
Format
7 p.
Citation
Telley, Chris. "A Coin for the Tsar: The Two Disruptive Sides of Cryptocurrency". Small Wars Journal (April 16, 2018).
Distribution Statement
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.
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