Don’t Trust, Verify: Fixing The Problems With Academic Research On Bitcoin
It’s easy to get wrapped up in the hype surrounding Bitcoin these days. But anyone who spends any amount of time talking to people on the internet knows that there are still plenty of questions and debates to be had when it comes to the world of cryptocurrency. One area in particular that has generated a lot of debate is academic research on Bitcoin.
The issues with relying on academic research to gain a better understanding of Bitcoin are plentiful. Here are just a few:
Data Reliability
The data used in most academic studies is often dated, limited or even fake. Even reputable studies can be unreliable due to the nature of Bitcoin’s distributed ledger that makes it nearly impossible to access accurate, up-to-date information.
Lack of Technical Understanding
To really understand Bitcoin, you have to have a strong technical understanding of cryptocurrency and the underlying blockchain technology. Many academic studies are conducted by researchers who lack a clear understanding of the technical aspects of Bitcoin, leading to conclusions that can be inaccurate.
Limited Scope
Many academic studies focus on a particular aspect of Bitcoin without considering the other potential implications that may arise from their findings. This can lead to conclusions that only tell one side of the story.
The Solution? Don’t Trust, Verify!
The best way to make sure you’re getting accurate, up-to-date information about Bitcoin is to do your own research. Don’t just rely on the opinions of others, no matter how well established they might be. Dig into the source code, understand the underlying technology and go over any official documents yourself. If something doesn’t make sense, keep asking questions until you get the answers you need.
At the end of the day, it’s important to remember the mantra: Don’t trust, verify! If you take the time to do your own research, you’ll be well on your way to understanding Bitcoin and using it responsibly.
Happy verifying!
