Bitcoin

The University of Wyoming is launching the UW Bitcoin Research Institute in August. The new institute aims to provide “high-quality peer-reviewed” studies about Bitcoin.
Bradley Rettler, a Bitcoin activist and Associate Professor at the University of Wyoming, <a href="https://x.com/rettlerb/status/1817560448302031338" target="_blank" rel="noopener noreferrer nofollow">announced</a> the new institute on X on July 28. He will serve as the institute’s director.
Rettler described the current state of Bitcoin (<a href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow">BTC</a>) research as “poor” and stressed the industry needs more “high-quality peer-reviewed” publications to ensure the public is properly informed about <a href="https://cointelegraph.com/learn/what-is-bitcoin-a-beginners-guide-to-the-worlds-first-cryptocurrency" rel="noopener noreferrer nofollow">what Bitcoin is</a> and how it works.
<figure><img src="https://s3.cointelegraph.com/uploads/2024-07/446af0a6-cc39-4268-91ef-24f529b8f1d4.png" alt="University of Wyoming launches Bitcoin Research Institute">
 <figcaption style="text-align: center;">University of Wyoming campus in Laramie, Wyoming. Source: University of Wyoming
 </figcaption>
</figure>
He highlighted a 2018 study led by University of Hawaii Professor Camilo Mora that claimed Bitcoin emissions alone could increase global warming by 35.6° Fahrenheit (2° Celsius) by 2048.
“They failed to account for the difficulty adjustment *and* didn’t know there was a block size cap,” Rettler <a href="https://x.com/rettlerb/status/1817560448302031338" target="_blank" rel="noopener noreferrer nofollow">stressed</a> in a July 28 X post.
<blockquote>
 “These mistakes make their way into journalism, and policy. Bitcoin is multi-faceted in theory, and even more so in practice. Journalists can’t be experts, so they rely on academics. Too many of those academics have let them down.”
</blockquote>
One of the institute’s professors is Andrew M. Bailey, lead author of “Resistance Money: A Philosophical Case for Bitcoin.” Rettler was also named as an author of the book.
The Bitcoin Research Institute will officially open in August when the Fall semester for 2024-2025 begins.
<figure><img src="https://s3.cointelegraph.com/uploads/2024-07/a73eec76-0132-4456-b068-cbb6a9e3fe32.png" alt="University of Wyoming launches Bitcoin Research Institute">
 <figcaption style="text-align: center;">Source: <a href="https://x.com/resistancemoney/status/1817592699580723599" target="_blank" rel="noopener noreferrer nofollow">Andrew M. Bailey</a>
 </figcaption>
</figure>
It will run annual summer workshops, <a href="https://cointelegraph.com/news/researchers-claim-bitcoin-experiment-generated-almost-300-higher-returns-artificial-intelligence-hodling" rel="noopener noreferrer nofollow">offer academic prizes </a>and host weekly seminars, <a href="https://www.uwyo.edu/philrelig/bitcoin/index.html" target="_blank" rel="noopener noreferrer nofollow">according</a> to its website.
Related: <a href="https://cointelegraph.com/news/unchained-university-austin-partner-launch-5m-bitcoin-endowment-fund" rel="noopener noreferrer nofollow">Bitcoin firm, Texas university partner for $5M endowment fund</a>
The BRI is classed as a nonprofit and is accepting Bitcoin donations to assist research.
“We allocate 4% of our investments to bitcoin, so if you donate bitcoin, we will not sell it,” Rettler explained.
<figure><img src="https://s3.cointelegraph.com/uploads/2024-07/df99c2bd-c903-45c3-abca-438821073451.png" alt="University of Wyoming launches Bitcoin Research Institute">
 <figcaption style="text-align: center;">Source: <a href="https://x.com/Dagnum_PI/status/1817663917193314305" target="_blank" rel="noopener noreferrer nofollow">Dagnum PI</a>
 </figcaption>
</figure>
Wyoming is fast becoming a leading Bitcoin state in the United States, largely due to pro-Bitcoin Senator Cynthia Lummis and Caitlin Long, founder and CEO of Custodia Bank, which <a href="https://cointelegraph.com/news/custodia-bank-bitcoin-custody" rel="noopener noreferrer nofollow">offers Bitcoin custody solutions.</a>
Lummis announced a <a href="https://cointelegraph.com/news/senator-cynthia-lummis-united-states-bitcoin-reserve-bill-purchase" rel="noopener noreferrer nofollow">strategic Bitcoin Reserve bill</a> at the <a href="https://cointelegraph.com/news/political-undertones-trump-bitcoin-2024-nashville" rel="noopener noreferrer nofollow">Bitcoin 2024 conference</a> in Nashville on July 27, which would see the US buy 5% of the 21 million Bitcoin that will ever enter into circulation.
“It can be used for one purpose, to reduce our debt,” Lummis declared during her keynote speech.
Wyoming lawmakers passed a bill in February, 2023, that prohibits state courts from forcing someone to <a href="https://cointelegraph.com/news/wyoming-lawmakers-pass-bill-to-prevent-forced-disclosure-of-private-keys" rel="noopener noreferrer nofollow">disclose their digital asset private keys.</a> The state also provides a <a href="https://cointelegraph.com/news/wyoming-legally-recognizes-first-dao-in-the-united-states" rel="noopener noreferrer nofollow">legal framework</a> for decentralized autonomous organizations.
Magazine: <a href="https://cointelegraph.com/magazine/bitcoin-layer2-sidechains-not-really-bitcoin-l2s/" rel="noopener noreferrer nofollow"> ‘Bitcoin Layer 2s’ aren’t really L2s at all: Here’s why that matters</a>

University of Wyoming launches Bitcoin Research Institute

Cointelegraph

发布于 2024年7月29日的其他文章

New Solana Memecoin Trump Fired Biden Will Surge 17,000% Ahead of First CEX Listing, While SHIB a...

Trump Pledges to Retain Government Bitcoin Holdings If Elected

Harnessing Bitcoin’s ‘Greed’ Phase: Insightful Strategies for Your Next Steps

Excitement Mounts for BlockDAG CEO Reveal, Presale Crosses $62M Leaving Fetch.ai and Bitcoin In T...

Notcoin price prediction: Why you should prepare for another price slump

Solana Consolidates as Bulls Strive to Drive Price Above $200 Level

订阅我们免费的电子期刊，获取每日最新加密领域动态！