The Prometheus Protocol

The Fellowship of Bitcoin
6 min readMar 8, 2024

Prologue: A Weapon to End All Wars

In the shadows of the 20th century’s most devastating conflict, as the world began to rebuild from the ashes of World War II, a more insidious threat was already looming on the horizon. The atom had been split, unleashing a power that could erase cities in a blinding flash. The superpowers that emerged victorious from the war now found themselves locked in a new kind of conflict, a cold war fought not with armies on battlefields, but with the looming specter of nuclear annihilation.

As the United States and the Soviet Union raced to amass ever-larger stockpiles of nuclear weapons, each seeking to outpace the other, the doctrine of mutually assured destruction took hold. The logic was as simple as it was terrifying: if both sides possessed enough weapons to utterly destroy the other, even in the face of a first strike, then neither would dare to attack. The balance of terror, it was believed, would keep the peace.

But as the arms race accelerated and the numbers of warheads multiplied, some began to question the stability of this precarious equilibrium. How long could the world sit on the edge of the abyss before something gave way? How much could be spent on missiles and bombs while other needs went unmet? And what would be the endgame, when there were already enough weapons to destroy human civilization many times over?

In the corridors of power in Washington D.C., these questions weighed heavily on the minds of a small group of policymakers and strategists. They saw the arms race for what it was: a geopolitical prisoner’s dilemma, a trap that could only end in ruin for all sides. As long as the superpowers remained locked in this cycle of escalation, the risk of catastrophe would only grow.

But how to break free from this trap? Diplomacy and treaties seemed like feeble tools against the awesome destructive potential of the atom. As long as each side retained the ability to unleash nuclear destruction, the underlying incentives driving the arms race would remain in place. Something more was needed, a way to fundamentally alter the rules of the game.

It was in this context that a radical idea began to take shape in the minds of a few far-sighted thinkers. The key to ending the arms race, they realized, lay not in the weapons themselves, but in the means by which they were funded and built. As long as governments retained the power to print money at will, channeling vast resources into the machinery of war, the cycle of escalation would continue. But what if that power could be taken away?

The idea was audacious, bordering on the fantastical. To create a new form of money, one outside the control of any government or central authority. If such a thing could be achieved, it would represent a paradigm shift in the very nature of geopolitical power.

Of course, the technology to bring this vision to life did not yet exist in the 1950s. Computers were in their infancy, the internet was still decades away, and the cryptographic tools that would prove essential were only beginning to be developed. But the seed had been planted, and those who had glimpsed the possibility knew they had to pursue it.

Thus was born Project Prometheus, a top-secret initiative buried deep within the newly-formed Defense Advanced Research Projects Agency (DARPA). On paper, DARPA’s mission was to ensure U.S. technological superiority in the face of the Soviet threat. But for a select few, its true purpose was something far more ambitious: to lay the groundwork for a weapon that could end the arms race without firing a single shot.

The scientists and engineers recruited to work on Project Prometheus knew they were in for the long haul. The challenges were immense, and the need for secrecy absolute. They would have to push the boundaries of multiple fields — computer science, cryptography, economics, game theory — and synthesize them in ways that had never been done before.

Over the decades that followed, as the Cold War raged on and the threat of nuclear annihilation ebbed and flowed, Project Prometheus continued its work in the shadows. There were setbacks and false starts, moments when the whole endeavor seemed doomed to fail. But slowly, piece by piece, the elements of what would become the ultimate weapon began to come together.

By the dawn of the 21st century, the stage was set for a revelation that would shock the world. But the researchers of Project Prometheus understood that timing would be everything. To achieve maximum impact, their creation would need to be unleashed at a moment of global financial turmoil, when the failings of the existing system were laid bare for all to see.

And so they waited, watching and planning, until the right moment arrived. In the fall of 2008, as the global financial crisis shook the foundations of the world economy, an unknown figure by the name of Satoshi Nakamoto released a white paper describing a new form of digital money: Bitcoin.

To most, it seemed like a novelty at first, a curious experiment of little real-world consequence. But to the initiated, it was the realization of a decades-long dream, the culmination of Project Prometheus. Bitcoin represented a fundamental break from the monetary systems that had enabled governments to finance endless wars. It was a weapon, but one that aimed to achieve peace by altering the very incentives that drove conflict.

Of course, the work was far from over. Bitcoin would need to prove its resilience and attract a critical mass of users and believers. Other nations would need to be drawn into its orbit, seeing adoption as essential to their economic competitiveness. The researchers of Project Prometheus would need to continue their work from the shadows, nurturing and protecting their creation as it grew.

But the genie was out of the bottle, and there would be no putting it back. The world had entered a new era, one in which the old rules of money and power no longer applied. In the face of this new reality, governments would have to adapt or risk being left behind.

And so began the quiet struggle that would come to define the 21st century. On one side, the forces of the status quo, states and central banks fighting to maintain their grip on power. On the other, a nascent global community united around a revolutionary new idea, a money that belonged to everyone and no one.

It was a struggle that would be waged not with guns and bombs, but with code and cryptography, with economics and game theory. And while few understood it at the time, its outcome would shape the course of human history for generations to come.

This is the story of that struggle, of the weapon that ended a war without firing a shot. It is a story of ingenuity and perseverance, of the power of ideas to change the world. Above all, it is a story of hope, of the belief that even in the face of our darkest tendencies, we can find a way to build a brighter future.

In the pages that follow, we will trace the arc of this extraordinary tale. From the early days of the Cold War to the cutting edge of 21st-century technology, from the halls of power in Washington to the cypherpunk mailing lists of the early internet, we will follow the visionaries and pioneers who dared to imagine a different world.

Their story is our story, and it is one that is still being written. But one thing is clear: in a world still haunted by the specter of war, the weapon they created may be our best hope for a lasting peace. This is the story of Project Prometheus and the blockchain revolution it unleashed. The story of the weapon to end all wars.

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