Is Higher Education Starting to Accept Bitcoin? – Bitcoin Magazine
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This is an excerpt from the “Bitcoin Magazine Podcast” hosted by P and Q. In this episode, Korok Ray joins us to talk about Bitcoin’s inclusion in college-level curricula.
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Listen to the episode here:
Q: Bitcoin doesn’t always have the most positive sentiment. There are very passionate people, especially in academia, who are strongly against Bitcoin. I’m curious what your conversations are like with your colleagues who may not necessarily view bitcoin the same way you do.
Korok Ray: Yes. I faced many of these conversations when trying to run a conference. So, to be the first in the universe of universities, Texas A&M University will probably give Bitcoin its fair share like any university. I’m sure there are other universities that are actively hostile.
My campus and colleagues were more neutral. They were like, ‘Why Bitcoin and why not some other coin? Who really cares? Would you like the market to see if there is one?” So that was my experience from my colleague. They flagged and were a little reluctant to take a position, especially on Bitcoin and cryptocurrencies. Some of them say the entire crypto space is too speculative. “We’re a college. We want to be a little more slow, cautious, backwards.”
Personally, I think it’s a mistake. I think universities need to be positive and we have to take a stand and speak with conviction. We need to understand what we believe, discuss it, and explore different ideas based on those beliefs. It’s not a free space. If you have a different set of beliefs than that, you can suffer from it internally.
I think what’s going on in academia, especially among economists, is quite generally agnostic. At worst, I’d expect it to range from hostile to bitcoin agnostic. I think a lot of this, they just don’t really understand it and don’t want to mention and understand what it is.
I don’t think it’s a coincidence that The Economist couldn’t make Bitcoin. Our training in the field of economics does not have the skills or knowledge to really take an idea and implement it in a practical way.
Economists are good at commenting on what happened in the past and making vague predictions about the future. That’s basically what economists do, both academic and professional economists. Some of my best colleagues across the US (when I was trying to convince them to come to a conference and talk about Bitcoin) said, “I don’t know enough about it, so I’m not going to talk about it. There is none. ”
It seemed the best. The worst answer is nonsense like, “Oops, I don’t know if I believe in Bitcoin, but I think blockchain technology is going to be good.” Ultimately, as I said earlier, the academic community is not configured to understand Bitcoin, and to be able to truly deal with it, it has to be a bit ill-fitting, as I am. I think it’s for What is Bitcoin intellectually in an honest way because you need to stop relying only on your own specialties and try to embrace multiple specialties at once and see how they fit together? It means whether it is a thing or not. .
I think the battle will continue. The battle I plan to fight in my life career is helping educate others about Bitcoin and what it is and how it works. I think I have an idea. Over time, we can convince academia that this has value, is worth studying, and is worth understanding.
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