Harvard University Stages ‘Digital Currency Wars’ Crisis Simulation (#GotBitcoin?)
Harvard University’s Kennedy School carried out a live simulation of a White House National Security Council meeting on Nov. 19, featuring former senior administration officials and thought leaders. The “Digital Currency Wars” event examined a potential future scenario, following a North Korean missile test, potentially enabled by China’s proposed digital yuan. Harvard University Stages ‘Digital Currency Wars’ Crisis Simulation (#GotBitcoin?)
If Economic Sanctions Fail, How Will The U.S. Wield Power?
The simulation was set two years in the future, with China’s digital yuan having theoretically been launched 20 months previously. The digital yuan has risen to not only dominate the Chinese domestic payments space, but its ease of use and the Belt and Road Initiative is seeing adoption spread across South East Asia.
The game includes a newsflash of a North Korean missile test, more advanced than Washington had believed, and thought to have been funded through U.S. sanction avoidance via the use of the digital yuan.
With sanctions failing, the Security Council meeting discussed options to put to the president.
United States Becomes Reliant On Chinese Cooperation
One of the key points put forward was that the U.S. would at this point be reliant on the Chinese. The simulated Treasury Secretary pointed out:
“We will not successfully starve North Korea economically without the cooperation of China, and certainly not if it is their objective to see us fail.”
He also pointed out the 30 years of history in which the U.S. had not been successful in persuading China to use its leverage.
The meeting was interrupted mid-way through with another newsflash, this time revealing that the SWIFT system had been cyber-attacked and $3 billion stolen from commercial banks in Germany, Saudi Arabia, and the United Arab Emirates.
An Interesting Thought Experiment
The eventual recommendations which the group decided to put forward to the president hinged on measures attempting to prevent a bifurcation of the global economy.
The weaponization of SWIFT was proving less effective, although some at the meeting still seemed intent on hardening the system and relying on existing strategies. The more forward-thinking attendees felt that more should be done to ensure the U.S. had a similar digital currency capacity, to resuscitate its financial power.
This included the option of putting diplomatic pressure on China to cooperate, use electronic intelligence to highlight North Korea’s sanction breaking, or develop its own digital dollar competitor. The threat of military pressure was also considered as a less desirable option.
Dollar Dominance Threatened
As American policymakers increasingly engage with the blockchain and cryptocurrency space, several lawmakers have called for rapid regulation and legal certainty for the nascent technology and digital assets, so as not to fall too far behind more lenient jurisdictions.
As Cointelegraph recently reported, the number of Chinese blockchain patents now numbers in the upper 7,000s, outstripping the U.S. over three times.
US Pentagon Created A War Game To Fight The Establishment With BTC
Documents reveal the Pentagon created a war game in which players were rewarded in Bitcoin for taking down financial institutions.
In the midst of ongoing protests across the United States, some turned violent by police brutality, one publication has uncovered information on a Pentagon war game created in 2018 that has an uncanny resemblance to current events.
According to a June 6 article on The Intercept, documents reveal the United States Pentagon created a game called the 2018 Joint Land, Air and Sea Strategic Special Program (JLASS). In the scenario, members of Generation Z — people born starting in the mid-1990s — are rewarded in Bitcoin (BTC) for their efforts starting a rebellion, i.e. “Zbellion”.
Players in the fictitious United States in the 2020s are given the proceeds of their attacks on target corporations, financial institutions, and political and non-profit organizations that support “the establishment” in the cryptocurrency.
According to the document, “Zbellion uses software programs to route any proceeds into laundering programs that ultimately convert national currencies into Bitcoin” and makes “small, below the threshold donations” to “worthy recipients”, including members who conduct the attacks or have a financial need.
Echoes Of The Real 2020s
Though purportedly created in 2018 — before the coronavirus pandemic and the rising authoritarianism of Trump and his supporters in Congress — the backstory of the game resembles the current forces driving some towards cryptocurrency in the United States.
The JLASS cites governments providing “erroneous or misleading information into official websites intended to confuse citizens and create mistrust” while citizens lose faith in traditional information networks. The scenario accurately describes Trump’s attempts to use social media to obfuscate the truth.
Meanwhile, the Zbellion begins with rallies and protests to “expose injustice and corruption”. People across the country are currently gathering in major cities to demand justice for the police murder of African-American George Floyd.
Protesting With Bitcoin
In the actual 2020s, it’s not just the youngest generation moving towards crypto in response to “a feeling of unsettlement and insecurity”.
Cointelegraph has reported on how Bitcoin can be a tool for protesters of all ages against financial institutions. One crypto YouTuber even moved to Saipan to escape the “totalitarian tyranny” he predicted was about to occur in America.
A Chinese blockchain investor recently stated that a digital yuan is in the advanced stages of development, and is likely to launch with the next six to 12 months. Harvard University Stages ‘Digital,Harvard University Stages ‘Digital,Harvard University Stages ‘Digital,Harvard University Stages ‘Digital,Harvard University Stages ‘Digital,Harvard University Stages ‘Digital,Harvard University Stages ‘Digital,Harvard University Stages ‘Digital
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