Bitcoin as Education Insurance

[TinaK]

It's a bad idea, after all, they can still benefit os it because while holding as insurance, it is the same purpose as an investment.
The awareness could be possibly spread because of this propaganda by them, but to be honest, this is quite risky, because when the time comes that they need to cash out their money, it is very lucky when the price folded multiple times but how about if we are in a bear trend seems like what happened in the year 2018 when bitcoin and the entire market started to drop.

But still, we should be thankful there is a program like this.

[hyudien]

I don't think education is only quantified when a group of people a put into a box called class rooms that has other similar structures in sets called an institution, college and so on, I have been on a crypto-currency education ever since I got to know about it and I haven't stepped into any four square room to do that daily routine, education is everything we teach others and show them how they can source further on it, my government hasn't been lenient on Crypto-currency so it's not going to be possible for them to put it in the school curriculum, but I won't wait on them before I can educate the next neighbor about crypto-currency and he can educate his family, what else is education if it doesn't being from close relatives and friends.

That's why I'm not talking about one particular room, right? Even I say in everyday life, the meaning signifies the infinite breadth of the concept. It can be in the family environment, the environment where we work, and much more. Because there is formal and non-formal education, both have different general meanings according to their respective goals, education functions to direct a certain person or group to know things they don't know to know.

It's up to you how you apply education in any way, surely you will find a lesson from every activity you do. So it is natural that in the end education can be encouraged by implementing Bitcoin in it, both financially and educationally.

It's a bad idea, after all, they can still benefit os it because while holding as insurance, it is the same purpose as an investment.
The awareness could be possibly spread because of this propaganda by them, but to be honest, this is quite risky, because when the time comes that they need to cash out their money, it is very lucky when the price folded multiple times but how about if we are in a bear trend seems like what happened in the year 2018 when bitcoin and the entire market started to drop.

But still, we should be thankful there is a program like this.

How bad is this idea? only because it comes from a certain person who appreciates the intelligence he has. We hold Bitcoin not only for a short time, and know Bitcoin not just 1 or 2 days. If it just keeps holding then why is there a cycle of volatility and volatility in the Bitcoin market? it's not a strange thing in Bitcoin trading. As you are rewarded from the campaign in the form of Bitcoin payments and immediately send it to the exchange then cash it to make ends meet. Then can we blame the student when he just received Bitcoin and cashed it directly to pay for his school fees?

Come on, friend. it's a value of $23K and doesn't affect the overall price. Expand intellectual concepts and start giving an appreciation, not just the nominal, maybe you know what I'm talking about, what's the need with anecdotes?

[Darker45]

I'm not sure I appreciate the particular manner with which they provide the education grant in Bitcoin. I don't know, perhaps there must be other more appropriate ways to do it than through a live coin toss.

Anyway, Bitcoin has been used as a vehicle toward supporting education. We've heard of the University of Pennsylvania accepting a $5 million Bitcoin from an alumnus.^[1] There was also the University of Puget Sound and even MIT and Cornell University, among others.^[2]

Another advantage with direct Bitcoin donation is stated by the University of Illinois Foundation in their official website.^[3]



[1] https://cointelegraph.com/news/major-us-university-receives-5m-bitcoin-gift-and-immediately-sells
[2] https://cryptopotato.com/us-universities-struggle-with-bitcoin-donations/
[3] https://uif.uillinois.edu/cryptocurrency

[syedakhlaque]

 The use of Bitcoin as Education Insurance will be a good step.
 Bitcoin value is increasing since its beginning. So the use of bitcoin for insurance, gratuity funds or pension is not bad. The Bitcoin business is very much popular among young and students today. The insurance in bitcoin for education purposes will not make it more famous among students but it will also increase the value & credibility Bitcoin.

[D-law]

This is a good step forward, bringing in talks, teaching, seminars, and lectures about bitcoin into the class.
Down my ends, stuff's such as this are kinda rare,so introduction of such is a big form of acceptance, expanding the bitcoin market,and a chance for bitcoin newbies to Learn a whole lot.
As mostly accepted by young lads, hopefully this is done in the right way in other to avoid scams.

[noorman0]

Now let's expand the thinking if this program is implemented in several countries.
If we want to implement bitcoin in the realm of education and hope that it will be sustainable (in the sense that bitcoin will not be interrupted in students' lives after graduation), then it is more appropriate to provide early education about bitcoin. We cannot avoid the fact that not all students have access to adequate sources of information, especially with regard to technology.

I don't think all those students will know or care what method of insurance they receive, especially if the insurance is for low-education students. They will only see the nominal in fiat if they do not know beforehand what bitcoin is. And yeah, I'm sure students won't be left to manage that bitcoins to avoid abuse.

In conclusion, giving awards without education is a less than perfect method for raising awareness.

[TheUltraElite]

Insurance is something that is best done by the financial institutions and Insurance for education does not seem like a term I came across often, correct me if I seem narrow-minded.

I think students can learn about crypto if they wish to and they should allowed to freely associate regarding this. Force-feeding with instructions to invest in crypto or learn about crypto is the wrong method. Giving them prizes in crypto, may work but I dont the ones on the receiving side are going to hold on to that crypto for long, they will likely sell it on an exchange and keep the fiat. That would be a logical step too considering their chances of spending crypto being lower than the chances of spending fiat.

Also teaching regarding crypto is only about development of blockchain technology. No institution will teach you about cryptocurrency and how to invest in them, those come from your own choice.

[Reid]

I wish they will also give something to the student that losses in that "Bitcoin Toss".
It will suck emotionally having the thought of losing in a toss which amounts to $23k if he won it. Maybe in Dogecoin since Mark Cuban is a supporter of it.
Half of whatever the winner will have.
Could be a good advertisement to boost the value of Dogecoin if ever he will do it. A win situation on his part too.

[kryptqnick]

Today news quite amused me, based on Bitcoin Magazine:

"Prizes are awarded annually as part of the College Football Season and tuition is awarded as part of the classic Throwing Competition during Championship matches,"

Bitcoin can be implemented in all aspects of life. As per the latest news, Mark Cuban and Dr Pepper allocate $23K worth of Bitcoin to lucky students every year. It is time for Bitcoin to enter the realm of Education to provide an intellectual future. How not, education is one of the keys to humanize humans. It is not about the value given to students, but the value of the output produced. Apart from education, economics then what else have you heard about the benefits of Bitcoin to people out there?

Source: https://bitcoinmagazine.com/business/dr-pepper-mark-cuban-to-grant-23000-in-bitcoin-to-college-student

It's risky, of course, but there's also a good chance they'll be able to help more toward the cost of tuition by donating in Bitcoin because it can significantly increase in value over time. Then again, I don't know the details, and perhaps it's up to the winner to decide in  which currency it should be kept prior to the time when tuition must be paid. In any case, it's a good initiative to express support to young aspiring potential students, as well as popularize Bitcoin. What I think could be done differently is the toss part, since it's a very fiat kind of thing. How about predicting the next mined block of Bitcoin in some way, or the timing of it?

[michellee]

I think it is good to introduce people to bitcoin by giving rewards to those who win in some tournaments or competitions so they can have awareness about bitcoin. But to enter the realm of education, I think that will depend on each college or school and that needs to interfere from the government which need to have new regulations in the education. The benefits of bitcoin now still be a new investment and it will like that and I think that can be more popular than using bitcoin for the payment system.

[dimox]

the point is wealth give people who needed chance to grow. bitcoin is just another shape, and the important thing is money. people know how to attract the other by crypto method.
wish, that related person tell to student about bitcoin, more and more. big hope given to them, to carry what teller want, carry what future's technology be more advanced than what future as it should be.

[Leviathan.007]

This can be another aspect of bitcoin shows us clearly that's bitcoin can give investors amazing profits also this can be a good choice for the people who want to stay away from the inflation rate but in this case, you can see many bitcoin holders can use this asset to donate and help the foundations, I've seen many cases like this one and even more interesting where someone with anonymous identifies donating millions of dollars. However, in my idea releasing this news with famous names such as Mark Cuban can increase his reputation as a good man who cares about students.

[Lucius]

As per the latest news, Mark Cuban and Dr Pepper allocate $23K worth of Bitcoin to lucky students every year.

It is not about the students, but about one lucky student who will win that amount. For me personally, this looks more like self-promotion than real help to students, especially if we take into account that Marc Cuban net worth is as much as $ 4.5 billion. If you want to help someone, don't throw them crumbs.

It is not about the value given to students, but the value of the output produced.

I'm not sure that value doesn't matter, because students are young people who have specific needs when it comes to student life - especially in the US where students don't spend too much time learning (at least that's the impression American films leave ). It would be interesting to see what a lucky student who gets $23k will do with that money.

[sheenshane]

Another part of Bitcoin improvement and we saw day by day that there are different kinds of adoptions such as Bitcoin use a monthly salary, use a pension, use in a charity and now education insurance.  It might they already understand the risk that possibly will happen in the future and that's the reason they used now Bitcoin in any financial aspect.

It will help to spread Bitcoin adoption awareness as well.  Doesn't matter what is the hidden agenda about this program but I think, it will have a benefit to Bitcoin that will surely give a boost to the price grow up.

[rizqoAD]

Yes, Bitcoin can be used as educational insurance, besides that there are many other aspects that are greatly helped by the existence of Bitcoin. I think Bitcoin has provided new job opportunities for people who are getting into crypto world, they can take advantage of Bitcoin price fluctuations by trading in the crypto market, this is very helpful for people like me who are looking for part time jobs to earn extra income. income. Of course this will have an increasing economic effect on a country so that it can help the government in overcoming unemployment.

[LUCKMCFLY]

I like their gesture for students, when you are a student it is very difficult to have an incentive, the only incentive is to have a university degree quickly to be able to go out to work, sometimes a university degree is not so simple, many times you enter In so much stress that you want to throw in the towel, then when incentives of this style are given they are very rewarding because it is an incentive for any student, and I hope they continue that type of awards from the BTC millionaires, education will always be the future of the best engineers, doctors and professionals in general who at any moment can even become the salvation of humanity.

[Reatim]

Today news quite amused me, based on Bitcoin Magazine:

"Prizes are awarded annually as part of the College Football Season and tuition is awarded as part of the classic Throwing Competition during Championship matches,"

Bitcoin can be implemented in all aspects of life. As per the latest news, Mark Cuban and Dr Pepper allocate $23K worth of Bitcoin to lucky students every year. It is time for Bitcoin to enter the realm of Education to provide an intellectual future. How not, education is one of the keys to humanize humans. It is not about the value given to students, but the value of the output produced. Apart from education, economics then what else have you heard about the benefits of Bitcoin to people out there?

Source: https://bitcoinmagazine.com/business/dr-pepper-mark-cuban-to-grant-23000-in-bitcoin-to-college-student

You are a Hero Member and I'm sure you have seen more function AND use of bitcoin over the years, this one has just being popularized because some celebrity are in the event but hiding in many ways bitcoin has been used constantly.
even in our daily basis we can see how usuable and great bitcoin is.
but congratulations to those who will be awarded with this education insurance though the amount is not that high per year considering how much it cost for each student to pay for their education.

[worle1bm]

It can be used in everything because it is our money. I remember a post before and it's like from a tournament with a prize of high cash for the 1st prize.
And you know what?
The last prize is 25 BTC and if with the calculation, 25 BTC = $50 by that time. Whoever was the last prize on that time and accepted bitcoin, hopefully, he has held that until it went $20k-$60k.

It's all about time and how we use our funds and if that person whosoever was last and still holds that btc is far better than who got first prize.See how lucky is it to be sometime not the first one also.Bitcoin has come long way and you can make use of it in any case for making more profits.

[Kasabus]

It can be used in everything because it is our money. I remember a post before and it's like from a tournament with a prize of high cash for the 1st prize.
And you know what?
The last prize is 25 BTC and if with the calculation, 25 BTC = $50 by that time. Whoever was the last prize on that time and accepted bitcoin, hopefully, he has held that until it went $20k-$60k.

It's all about time and how we use our funds and if that person whosoever was last and still holds that btc is far better than who got first prize.See how lucky is it to be sometime not the first one also.Bitcoin has come long way and you can make use of it in any case for making more profits.

Well, if bitcoin will come into its massive adoption, then it will be expected that it will also be given as prizes in any games or competition. Not just in education itself, but in all aspects wherein finances is needed since it can be used already everywhere with a high value or amount. And in time, it can also serve as an insurance or pension funds as it will be more valuable if it will be hold for long time or once it will be properly manage by its owner. Probably, as more institutions have come to accept bitcoin, then it will be more expensive and a lot of people will surely be dreaming to have it.

[dupee419]

if one day bitcoin will become legal in various countries and circles.maybe I feel bitcoin will be an insurance for education that is so big it will play a role in the world of education in the future,because in the future bitcoin will have a lot so big that it can be insured for education and also health, then of course this will have a good impact on the world of education and certainly there will be no more people who do not receive an education that they can do in the future

Bitcoin as an insurance in general would be a good idea, the fact that the price inflates makes it beneficial for citizens since their insurance increases, Education insurance is great, Health insurance is also essential if Bitcoin were to be integrated as insurance for one's country.