The University of Wyoming announces the opening of a Bitcoin Institute! Improving cryptocurrency academic standards

This site (120BtC.coM): According to reports, the University of Wyoming (UW) in the United States announced that it will open a "Bitcoin Research Institute" in August this year, with the purpose of providing "high-quality, peer-reviewed ( Peer Review)'s academic research on Bitcoin.

Bradley Rettler, associate professor at the University of Wyoming and director of the Bitcoin Research Institute, announced the news on the social platform X on July 28. He pointed out that the current academic research on Bitcoin is "generally low in quality" and emphasized the cryptocurrency industry More “high-quality, peer-reviewed” academic work is needed to ensure the public has a proper understanding of how Bitcoin works.

For example, a 2018 study led by University of Hawaii professor Camilo Mora claimed: "Emissions from Bitcoin mining activities will be enough to increase global temperatures by 3.6 degrees Fahrenheit (2 degrees Celsius) by 2038."

Bradley Rettler pointed out that there are many omissions and fallacies in this study, such as not taking into account the mining difficulty adjustment and not knowing that there is an upper limit on the block size. He said: These errors will affect news reporting and policy making. Bitcoin is multifaceted in theory and even more so in practice. Journalists cannot be experts and therefore rely on academics. But too many scholars have let them down.

The Bitcoin Institute is affiliated with the College of Arts and Sciences at the University of Wyoming and will officially open in the fall semester of 2024-2025. According to the website, the institute will host summer seminars, award academic awards and hold weekly seminars every year.

The Bitcoin Research Institute is classified as a "non-profit organization" and accepts Bitcoin donations to support research. Bradley Rettler explained: We will allocate 4% of the investment to Bitcoin, so if you donate Bitcoin, we will not sell it.

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