Why Does Academia Have A Bias Against Bitcoin?
What leads the institutions of higher learning to harbor such resentment toward the technology?Academia is no fan of Bitcoin. The vast majority of professors are hugely biased against it. For example, Professor of Economics Nouriel Roubini of New York University doesn’t even try to hide his intense hatred for Bitcoin. Roubini told Bloomberg that "the Flintstones had a better monetary system than bitcoin" and has repeatedly called it a “bubble” since 2015. When asked to give expert testimony to the U.S. Senate, Roubini called Bitcoin “the mother of all scams'' and smeared all its supporters....
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The thing that had me most excited about Bitcoin back in 2013 was its potential to re-align the incentives in academia and re-define how science and research is conducted. At the time, I was spending my days training rats in Skinner boxes to hunt crickets, listening to every possible Bitcoin explainer I could get my hands on. It took a good two years, and now the problem set is much clearer. This post is a think-piece on how academia might be improved with blockchain technology. In what follows, I’ll discuss the problems that perturbed me the most and highlight potential solutions. Taught....
The Dogecoin price dropped 2.05% against the BTC in over the last 24 hours, as Bitcoin continued to test its prevailing upside risk near 281; therefore maintaining its bullish bias. The Doge price is reacting inversely to Bitcoin's price behavior; and is therefore continuing on its prevailing bearish bias. Dogecoin Price 4H HITBTC Chart. As you can see in the chart above, the Dogecoin price has held a constant downward momentum for quite a time. Over the last 24 hours, the price succeeded to float above 49, while testing upside resistance near 52; therefore forming consolidation between....
Shortly before the markets opened this morning for the European session, we published a piece highlighting action in the bitcoin price during the US afternoon the previous day and overnight on Wednesday. Action has now matured throughout the European session, and we have seen a large amount of volatility throughout the day. This said, what are our analysts looking at now, and what levels will we be watching as we head into the US afternoon and throughout Thursday night in order to offer up our intraday bias? Take a quick look at the chart. Earlier this morning, we covered the sharp decline....
The academic community must make the choice of honest intellectual consideration of Bitcoin or continued deliberate ignorance.
Why it’s important for academia to teach our future generation of law students about Bitcoin and digital money technologies.