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Author Topic: [2016-09-18] Bitcoin Struggles To Catch on At MIT  (Read 230 times)
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September 18, 2016, 12:28:40 PM

When the two students announced the Bitcoin giveaway back in 2014, it didn’t take long to attract unwanted attention. Several people tried to “hack the system”, which ultimately failed. While these types of attempts are not uncommon, it goes to show messing around with Bitcoin is not straightforward. But how is Bitcoin doing over at MIT so far?

Unfortunately, things aren’t looking all that positive for the cryptocurrency. The MIT Bitcoin Project is still around, and actively trying to educate student son cryptocurrency. Most of the students stick to cash or using credit cards whenever they are paying for goods and services. So far, Bitcoin hasn’t made any significant impact.

Being a student in this day and age of digital payments is a blessing and a curse. The sheer number of different payment methods is staggering. Competitors such as Venmo are a bit problem for Bitcoin adoption, even at MIT. Not too many stores around campus have started accepting Bitcoin either, which isn’t helping matters.

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