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Title: MIT Project to distribute $500K to all undergrad students Post by: coindozer7 on April 29, 2014, 05:30:33 PM I just read a news on how MIT Bitcoin Club manage to raise $500K and distribute to all 4,528 students.
That's like $110 worth or 0.245 of Bitcoin (4/29 price)! It's really cool what MIT Bitcoin enthusiasts are doing within the campus. My cousin currently attends MIT and he'll get to own his first Bitcoin :) Looking forward to more colleges do this. http://www.coindesk.com/mit-students-distribute-500000-bitcoin-undergraduates Title: Re: MIT Project to distribute $500K to all undergrad students Post by: hilariousandco on April 29, 2014, 06:39:10 PM Already posted here: https://bitcointalk.org/index.php?topic=589169.0
Title: Re: MIT Project to distribute $500K to all undergrad students Post by: Sindelar1938 on April 30, 2014, 01:33:40 AM Fabulous initiative
These are some smart kids so hoping this will fuel innovation Title: Re: MIT Project to distribute $500K to all undergrad students Post by: durrrr on April 30, 2014, 02:45:41 AM hopefully this will gain as much good attention to bitcoin as i hope it will. i think it should and anyways will bring new users witch is always good
Title: Re: MIT Project to distribute $500K to all undergrad students Post by: kwukduck on April 30, 2014, 02:52:16 AM All that's going to happen is a massive dump by students.. Yes great initiative... We need more crashes.
Title: Re: MIT Project to distribute $500K to all undergrad students Post by: friendlyelmo on April 30, 2014, 09:00:53 AM All that's going to happen is a massive dump by students.. Yes great initiative... We need more crashes. Not necessarily. Overall, I think it's a good initiative. This reaches out immediately to 4900+ undergrads. If more universities do this, it could raise bitcoin awareness to the new working generation. Doesn't this sound like a bright future for bitcoin ahead? Just my thought. :) Title: Re: MIT Project to distribute $500K to all undergrad students Post by: Dannie on April 30, 2014, 09:43:28 AM All that's going to happen is a massive dump by students.. Yes great initiative... We need more crashes. Not necessarily. Overall, I think it's a good initiative. This reaches out immediately to 4900+ undergrads. If more universities do this, it could raise bitcoin awareness to the new working generation. Doesn't this sound like a bright future for bitcoin ahead? Just my thought. :) The project not only gives bitcoin out to undergrads, it also educates and helps merchants to accept bitcoin around campus. Title: Re: MIT Project to distribute $500K to all undergrad students Post by: 🏰 TradeFortress 🏰 on April 30, 2014, 10:05:50 AM This is really clever, and no I don't think there'll be massive dumps. It's MIT.
Title: Re: MIT Project to distribute $500K to all undergrad students Post by: crunchynut on April 30, 2014, 11:21:22 AM you pay $500k to promote a product to 4.9k poor college students? what a marvelous idea. at least 8% of them are african americans so nobody can say that bitcoin is only a get rich scheme run by white college kids.
Title: Re: MIT Project to distribute $500K to all undergrad students Post by: wachtwoord on April 30, 2014, 11:22:06 AM This is a very clever project. I hope local networking effect do materialize.
Title: Re: MIT Project to distribute $500K to all undergrad students Post by: jinjuro on April 30, 2014, 11:48:12 AM Many of this students will know how great bitcoin is. Some would even buy more and other would create software or even promote it.
Title: Re: MIT Project to distribute $500K to all undergrad students Post by: franky1 on April 30, 2014, 12:58:52 PM imagine it this way: before, the students who wanted to play around with merchant tools as part of web development projects, needed a creditcard processing service. which was not cheap to sign up to. so students only played around with shopping carts, databases and front-ends. never really learning the payment processing arena.
but now they can make their own payment processors, which are linked to other automated systems like making suppliers get paid automatically when stocks get low ( auto restock scripts ) so that merchants do not have to manually order supplies. they can make paying salaries, commission, fee's automated. imagine it, already compiled code where someone can open webstore and have it offer a affiliate/salesmen system that ensures stock is supplied, sales assistants/affiliates get paid, all with just an upload to a webserver. this is going beyond just evolving shopping cart technology. this is making entire businesses more efficient. .. or the students will just cash out and buy pizza and beer Title: Re: MIT Project to distribute $500K to all undergrad students Post by: rohan1 on April 30, 2014, 03:32:39 PM The college students will be certainly future potential fans of the bitcoin. MIT did great job to popularize the
cryptocurrency. Hope more university and college participate in similar projects. Title: Re: MIT Project to distribute $500K to all undergrad students Post by: bryant.coleman on April 30, 2014, 03:43:31 PM The college students will be certainly future potential fans of the bitcoin. MIT did great job to popularize the cryptocurrency. Hope more university and college participate in similar projects. We need to target elite institutions such as the Massachusetts Institute of Technology. Who knows, may be someone among the students might become the financial adviser to the POTUS in the future... |