Connor Brown, a graduate student at the University of Stanford, happens to be a cryptocurrency enthusiast who is ready to defend what he believes in. After a presentation by Professor Susan Athey, the student sent a letter to Stanford Graduate School board stating that Athey made several misstatements about Bitcoin.
Students at Stanford University Attend Lecture on Blockchain
Connor Brown was in attendance with some of his colleagues in a guest lecture by Professor Susan Athey who holds an honorary doctorate from Duke University. The introduction into the topic “Blockchain and the Future of Finance” did not go down well with Brown who believes that multiple misstatements were made by the lecturer regarding Bitcoin and comparisons between Bitcoin and Ripple’s XRP.
According to the student, he is concerned that his colleagues, some of who have little or no knowledge about blockchain have been misinformed. Likewise, the professor was promoting a product, Ripple’S XRP, for which she was paid for. He added that Athey statements during the introductory class contained severe factual errors as well as strong anti-Bitcoin rhetoric.
Brown also said:
The academy is not a place for marketing, but rigorously testing ideas. If a professor has a potential conflict of interest, they should be held to the highest standards of scrutiny and peer review”.
Brown Sends Informative Letter to Stanford Graduate School Board
To make his views heard, Brown sent an informative letter to the Stanford Graduate School board. The letter outlined that one of such misstatements is that mining has become centralized and miners in China can control the Bitcoin network. The graduate student believes that this statement was made in a bid to promote Ripple’s XRP as a better alternative to Bitcoin.
Another erroneous statement he pointed out, is that Bitcoin funds are economically secured and not cryptographically. Here, Prof. Athey allegedly said: “mining means profits of miners only secure your funds…Ripple has solved this problem by removing miners from the picture.”
Bitcoin Mining Wastes Electricity to Solve Useless Math Problems
Furthermore, Brown claims the professor had stated that “Bitcoin wastes electricity by stealing from rivers to solve useless mathematical problems.” Moreso, the student, did not agree with the statement that Mexican banks have adopted Ripple’s blockchain technology to exchange money between pesos and the dollar.
Despite this, the cryptocurrency enthusiast in a tweet on February 23 said his professors were not willing to talk in person about the matter he had tabled before them. He added that it has been over a month the letter was sent, and the only response he got from the school is “We will get back to you on this.” Comments which were made regarding the tweet showed most people in the crypto space supported his actions.