UATX, The College of Austin, Texas, is rediscovering and redefining educational pursuit. Based in 2021, the start-up college stands as a protest to the mental dogma and the “woke” radicalization of main universities in recent times, focusing as a substitute on entrepreneurship and making ready college students for a technologically and culturally advanced future.
These outdated values, rekindled by the chaos of modernity, have led UATX to Bitcoin: “The primary ideas of this establishment share the identical area, language, and ethos as the primary ideas behind Bitcoin: freedom of speech, freedom to transact, particular person and institutional sovereignty, distributed decentralized governing construction,” Anthony J. Rosario, major gifts and bitcoin endowment officer at UATX, advised Bitcoin Journal.
UATX has been making waves in latest weeks and months with quite a lot of Bitcoin-related bulletins, amongst them the publication of “The Satoshi Papers,” a guide comprising a group of political, social, and financial essays debating the impression and nature of Bitcoin, echoing the Federalist Papers (popularized through the founding of the United States). Additionally they introduced a bitcoin endowment fund, one of many first within the nation, they usually boast a Bitcoin and cryptocurrency curriculum led by Dr. Thomas L. Hogan, which provides college students hands-on expertise with the know-how and business. A lot in order that Brian Armstrong, CEO of Coinbase, lately tweeted he’ll be “recruiting new faculty grads from UATX,” including that, “It aligns effectively with our apolitical tradition. Let’s hope we see extra apolitical universities emerge over time.”
A Protest In opposition to Cancel Tradition and Mental Rigidity in Academia
“Loads of our school and employees got here to UATX as a result of they had been bored with the mental rigidity and cancel tradition at their earlier establishments,” Maggie Kelly, chief development officer at UATX advised Bitcoin Journal. She added that, “We’re actually attempting to create a spot the place folks can come and assume freely and discover concepts with out concern of being canceled or silenced, which is a large downside in academia in the present day.”
UATX was founded by journalist Bari Weiss, historian Niall Ferguson, enterprise capitalist Joe Lonsdale, on the time the president of St. John’s School, and Pano Kanelos, who had criticized the “intolerant” nature of conventional universities in trendy occasions.
Kanelos, founding president and now chancellor of the College, put it finest in a Free Press article in 2021, “Almost 1 / 4 of American lecturers within the social sciences or humanities endorse ousting a colleague for having a incorrect opinion about hot-button points comparable to immigration or gender variations.”
Citing a report by the Middle for the Examine of Partisanship and Ideology. Kalenos identified that “over a 3rd of conservative lecturers and PhD college students mentioned that they had been threatened with disciplinary motion for his or her views and 4 out of 5 American PhD college students are prepared to discriminate in opposition to right-leaning students.”
Daring to assume otherwise and compelled to tackle a start-up mindset, regardless of being a 501(c)(3) nonprofit, the UATX has a powerful concentrate on entrepreneurship, historical past, economics, and classical Western philosophical thought — highly effective and basic concepts that inevitably led them to Bitcoin.
The UATX Bitcoin Curriculum
The Bitcoin and the cryptocurrency curriculum on the College of Austin is led by Affiliate Professor of Economics Dr. Hogan, who has deep experience in economics and academia. He was previously the chief economist for the U.S. Senate Committee on Banking, Housing, and City Affairs, and has labored on the American Institute for Financial Analysis (AIER), the Cato Institute, the World Financial institution, and Merrill Lynch’s commodity buying and selling group, amongst others.
“Our introductory course is a mixture of data acquisition and sensible expertise. College students examine the origins of Bitcoin, the mechanics of the community, and the way Bitcoin helps defend human rights. On the similar time, they get to put in a pockets, make trades on Bitcoin and Lightning, and spin up their very own Bitcoin miner,” Dr. Hogan advised Bitcoin Journal.
Not like different on-line sources and academic supplies, UATX leans into its shut connections with the Bitcoin business in Texas, unlocking a private and hands-on expertise with the know-how. Jack Platts from Hypersphere Ventures donated bitcoin to the scholars, whereas Cholla Inc, Gideon Powell, and Brad Cuddy donated Antminer S9 miners that college students arrange of their dorms (which they used to hitch a mining pool). Pierre Rochard has given visitor lectures, guiding college students by way of Lightning Community transactions. The category even had a discipline journey to Riot’s mining facility in Rockdale, Texas, the place an outdated aluminum smelting facility has been turned by Riot right into a Bitcoin mine. College students obtained books like “Gradually, Then Suddenly,” “The Satoshi Papers,” “Resistance Money,” and “The Genesis Block.”
Whereas the Bitcoin curriculum has not been marketed a lot, Rosario revealed that the course “was the second hottest course that college students bid on utilizing our free market bidding system the place they use factors to pick out their programs. The one course that beat it out was a particular elective by Niall Ferguson.”
“Past Bitcoin, the scholars study concerning the distinctive elements of different tokens and blockchains. They program and deploy fundamental good contracts and discover how these instruments can be utilized to construct techniques for Decentralized Finance (DeFi) and Decentralized Bodily Infrastructure (DePIN),” added Dr. Hogan, who believes the general public and verifiable nature of cryptographic finance has the potential to section out fraud and corruption present in legacy finance.
When requested concerning the novel dangers of crypto scams and Ponzi schemes, meme cash, rug pulls, and so forth — particularly how the college offers with these subjects from an academic perspective — Rosario addressed the priority by saying that, “One of the best ways we train college students about fraud, not simply in digital property however of their careers and lives, is by offering an mental basis on the core of our curriculum that builds their thoughts and character. Our college students are extremely agentic, right here to construct an establishment, not simply attend a college. Our tagline is the fearless pursuit of reality, educating the mental foundations of the Western custom, from historical Greeks to trendy philosophers and economists. When educating half on Bitcoin and half on cryptocurrency, UATX is ecumenical. To construct the lifetime of the thoughts, college students should be launched to totally different concepts.”
Dr. Hogan emphasised the transparency and reliability of blockchains as in comparison with conventional monetary networks. “Not like an opaque monetary firm, the funds in a sensible contract can simply be verified on the blockchain. Not like a financial institution switch or inventory commerce that may take days to clear, transactions on the blockchain might be verified inside minutes,” he defined, including that, “In distinction, failed corporations like FTX and the Celsius Community weren’t decentralized corporations constructed on blockchain know-how. They had been conventional monetary corporations that failed for a similar outdated causes: extreme danger and outright fraud. Transferring to blockchain-based techniques will assist stop such collapses sooner or later.”
Dr. Hogan shared the unique schedule of lessons and visitor lecturers with Bitcoin Journal, as seen beneath:
Half 1: Bitcoin
Week 1: Intro to Bitcoin and blockchains
Week 2: The Bitcoin and Lightning networks (Pierre Rochard)
Week 3: Bitcoin and human rights (Craig Warmke)
Week 4: Bitcoin mining and vitality economics
Week 5: The way forward for Bitcoin (Will Cole and Parker Lewis)
Half 2: Cryptocurrency and blockchain know-how
Week 6: Cryptocurrency and good contracts
Week 7: Decentralized finance (DeFi)
Week 8: Webpage and blockchain interactions (Phil Greenwald)
Week 9: Utility tokens and decentralized bodily infrastructure (Kyle Samani)
Week 10: The way forward for crypto and blockchains
Bitcoin in Tutorial Discourse: The Satoshi Papers
Past educating Bitcoin to their college students, UATX has led a dialog concerning the societal which means and impression of Bitcoin in educational circles. In February of 2025, the college hosted the Satoshi Papers Symposium, a day of educational lectures celebrating the launch of the guide by the Texas Bitcoin Basis (TBF).
The Satoshi Papers, printed by the Bitcoin Coverage Institute (BPI) and edited by TBF govt director and BPI fellow Natalie Smolenski, “attracts inspiration from the 18th-century American debate between the Federalists and Anti-Federalists concerning the function of presidency in preserving the liberties of people and communities.”
The guide includes a sequence of essays from quite a lot of students together with economists, historians, anthropologists, and different social scientists, discussing the connection between cash and state in a post-Bitcoin world.
A Bitcoin Endowment In Self Custody
As well as from their academic and educational contributions to Bitcoin, UATX additionally maintain the asset in a custom-designed Bitcoin Endowment, and in contrast to many different universities who additionally carry bitcoin publicity by way of ETFs, the college has a powerful perception in self custody, securing the funds in multisignature wallets in collaboration with Unchained Capital, an instrumental companion within the college’s foray into Bitcoin.
Joe Kelly, CEO and co-founder of Unchained, donated 2 bitcoin to the Endowment to kick-start it; the college is actively elevating a $5-million fund in bitcoin, which they’ve dedicated to holding in chilly storage for no less than 5 years.
Throughout the announcement made in June 2024, Kelly mentioned, “Each UATX and the Bitcoin group are constructing progressive establishments for the long run. By selecting Unchained as a companion, the college is signaling its evaluation of bitcoin’s operate as a freedom-preserving know-how, with our custody mannequin serving to to make sure there isn’t a single level of failure to UATX’s long-term bitcoin holdings.”
