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The University of Wyoming is gearing up to launch the <a href="https://www.uwyo.edu/philrelig/bitcoin/index.html" rel="noopener noreferrer nofollow">Bitcoin Research Institute</a> next month, aiming to improve the quality of academic research on Bitcoin. The institute is set to provide comprehensive, peer-reviewed studies that shed light on various aspects of Bitcoin.
The Bitcoin Research Institute has outlined an <a href="https://x.com/Dagnum_PI/status/1817663917193314305" rel="noopener noreferrer nofollow">ambitious agenda</a>. It will host annual summer workshops, offer academic prizes, and conduct week“ ly seminars, fostering a vibrant academic community dedicated to Bitcoin research.
The institute operates as a nonprofit and is open to Bitcoin donations to support its research endeavors.
<h2 id="span-style-font-weight-400-need-for-quality-research-on-bitcoin-span">Need for Quality Research on Bitcoin</h2>
Popular Bitcoin advocate and Associate Professor at the University of Wyoming, Bradley Rettler, <a href="https://x.com/rettlerb/status/1817560448302031338" rel="noopener noreferrer nofollow">shared</a> the exciting news on July 28 on X. Rettler, who will serve as the institute’s director, emphasized the pressing need for higher quality research publications on Bitcoin. He pointed out that the existing body of Bitcoin research is often subpar, leading to misinformation and poorly informed public opinions.
<h3 id="span-style-font-weight-400-poor-research-leads-to-flawed-journalism-span">Poor Research Leads to Flawed Journalism</h3>
Rettler highlighted a notable example of flawed research: a 2018 study led by University of Hawaii Professor Camilo Mora. The study controversially claimed that Bitcoin emissions could significantly contribute to global warming, projecting an increase of 3.6° Fahrenheit (2° Celsius) by 2048. Rettler criticized the study for failing to account for Bitcoin’s difficulty adjustment and the block size cap, both critical factors in understanding its environmental impact.
He argued that these kinds of errors mislead the public and influence journalistic coverage and policy-making. “Journalists can’t be experts in every field, so they rely on academics. Too many of those academics have let them down,” Rettler remarked.
Joining Rettler at the institute is Andrew M. Bailey, lead author of “Resistance Money: A Philosophical Case for Bitcoin,” further strengthening the institute’s intellectual foundation. The institute’s official opening will coincide with the beginning of the Fall semester for the 2024-2025 academic year.
The timing of the institute’s launch coincides with a bullish period for Bitcoin. As of now, Bitcoin is <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">trading</a> around $69,600, marking a 3% increase over the last 24 hours. Over the past 30 days, the cryptocurrency has seen a remarkable 15% surge.
<h2 id="span-style-font-weight-400-wyoming-a-bitcoin-hub-span">Wyoming: A Bitcoin Hub</h2>
Wyoming is rapidly emerging as a pivotal state for Bitcoin innovation in the United States, spurred by supportive legislative efforts and influential figures like Senator Cynthia Lummis and Caitlin Long, founder and CEO of Custodia Bank. The state’s progressive stance is also reflected in its <a href="https://thecoinrise.com/wyoming-seeks-to-hire-a-leader-for-its-official-stablecoin-project/" rel="noopener noreferrer nofollow">stablecoin project</a> and recent legislative advancements.
In March, <a href="https://thecoinrise.com/wyoming-pioneers-legal-framework-for-daos/" rel="noopener noreferrer nofollow">Wyoming Governor Mark Gordon signed a bill</a> establishing a comprehensive legal framework for the creation and management of decentralized autonomous organizations (DAOs).
The post <a href="https://thecoinrise.com/university-of-wyoming-to-launch-bitcoin-research-institute-in-august/" rel="noopener noreferrer nofollow">University of Wyoming to Launch Bitcoin Research Institute in August</a> appeared first on <a href="https://thecoinrise.com" rel="noopener noreferrer nofollow">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

University of Wyoming to Launch Bitcoin Research Institute in August

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