Originally published on: October 11, 2024
In a groundbreaking session at the Bitcoin Amsterdam 2024 conference, experts shed light on the detrimental effects of flawed academic research on Bitcoin. The panel, titled “Beyond Resistance Money,” revealed how inaccuracies in studies have led to distorted media narratives and misguided government regulations.
Speakers at the event emphasized how erroneous research on BTC emissions and mining practices has shaped damaging policies and fueled misinformation in the media. The discussion highlighted the urgent need to address these issues to prevent further harm to the Bitcoin industry.
One of the key points raised during the panel was the role of flawed academic research in perpetuating myths about Bitcoin. Andrew Bailey, a prominent professor and senior fellow at the Bitcoin Policy Institute, called out a significant error in a widely-cited academic paper on BTC emissions. Despite the error being identified, it continues to misinform the public and influence decision-making processes.
Bradley Rettler, an associate professor at the University of Wyoming, added that journalists often rely on academic sources without thoroughly verifying the information, leading to the dissemination of inaccuracies. This lack of scrutiny in reporting only exacerbates the spread of misinformation about Bitcoin.
Craig Warmke, a member of the Bitcoin Policy Institute, issued a stark warning about the real-world implications of misinformation in Bitcoin research. He highlighted how flawed studies have led to proposed legislation that could threaten the existence of the BTC mining industry. Warmke urged academics to shift their perspective and start supporting Bitcoin to counteract the damaging effects of misinformation.
As the debate around Bitcoin research intensifies, it is essential for stakeholders to collaborate and address the inaccuracies that are driving harmful policies. By shedding light on these issues, the community can work towards creating a more informed and balanced narrative around Bitcoin. Stay tuned for more insights on crypto laws and guidelines by subscribing to our newsletter.
