Abstract
Scientific funding within the academy is an often complicated affair involving disparate and competing interests. Private universities, for instance, are vastly outpacing public institutions in garnering large, prestigious, science-related grants and external research investment. Inequities also extend to the types of research funded, with government, corporate, and even military interests privileging certain types of inquiry. This article proposes an innovative type of science research fund using cryptocurrencies, a fast-growing asset class. Although not a total funding solution, staking coins, specifically, can be strategically invested in to yield compound interest. These coins use masternode technologies to collateralize the network and speed transaction pace and may pay dividends to masternode holders, allowing institutions that purchase these types of central hubs to potentially engage in a lucrative form of dividend reinvestment. Using cryptocurrencies as a new funding stream may garner large amounts of capital and creation of nonprofit institutes to support the future of funding scientific research within educational institutions.
Highlights
Cryptocurrencies are purely digital assets, backed by the complexity of cryptography and the distributed hashing power used to solve individual blocks on the open ledger
The funding of scientific research in the United States currently operates as an intergovernmental and private equity exercise in which monies from federal organizations, private institutions, businesses, and high net-worth individuals provide the financial capital for the production of scientific knowledge
Giroux noted that funding determines the kinds of research that occurs in the first place, with corporate and even military interests, for instance, privileging certain types of inquiry.[6, 7]
Summary
Cryptocurrencies are purely digital assets, backed by the complexity of cryptography and the distributed hashing power used to solve individual blocks on the open ledger. Due to the computing power required to hash transactions, cryptocurrencies cannot be forged or otherwise duplicated. Less technical perspective, our strategy aligns with Reiss’s notion of dividend reinvestment.[1] Reiss underscored that wealth generation could be achieved by investing in assets and reinvesting any dividends into the original strategy. This notion greatly informed the coin selection that later populated our portfolio. A minimum disbursement to all researchers at the institutions might be considered, in order to maintain a foundation of egalitarianism
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