Bitcoin as Education Insurance

[hyudien]

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

[blockman]

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.

[Russlenat]

Insurance and investment at the same time, that amount of money might grow in value in the long run as the adoption continues. However, it could also be risky as the value could drop knowing how volatile the market is and how the whales are still in control to manipulate the market. It's more like a publication or something but anything involving bitcoin announced by influential people would only result in hype which would help to build a stronger future for the crypto market.

Honestly, there's not much difference in setting up a fiat for insurance and bitcoin, so it's not really huge news that would call the attention of the people.

[DoublerHunter]

~snip~
Apart from education, economics then what else have you heard about the benefits of Bitcoin to people out there?

^ It is a good investment as well, I saw even before there someone used BTC as a pension plan, it is quite risky but probably these people have seen the future that could be BTC will become the most expensive digital currency in the world. I saw a lot of people believe in BTC and now they are holding this for their better future. The benefit could be an assurance, that is financial assurance in the future, who know BTC will triple the price after 4 years come, just like what happened now that BTC price is quite expensive.

[Obito]

Given how bad the US tuition fees are, I don't think that Bitcoin is the best thing to give to students especially with it's fluctuating value, it's difficult to rely on it as a form of insurance. Better assistance in my opinion is if they lower student loans or even remove it altogether since it's not like colleges can't function without them, I am studying in a free one so I don't think it's impossible.

[The Cryptovator]

From the article, seems Bitcoin will distribute through "Bitcoin Toss". Just not getting the process of how these two participants will be selected from the beginning. However, this will introduce Bitcoin to more people, not only limited to the students. This giveaway will help expand Bitcoin use in the education sector. And day by day we may see more real uses of Bitcoin like we are seeing a few companies paying salary their employees. We know education is the backbone of a nation. So students will learn about Bitcoin from school life which will help massive adoption in near future.

[uneng]

I suppose it's a marketing strategy to promote bitcoin among young students, because it really doesn't make a lot of difference if home tuition support is paid in fiat or bitcoin currency. I don't know what are the intentions behind this good action, but I think it's positive for bitcoin anyway. The more people talk about it, the better.
News like this make people's interest for bitcoin increase, what helps to raise demand, also boosting bitcoin price towards a new ATH that must happen before this year finishes yet.

[Wexnident]

Hmmm I don't think it's a good nor a bad thing tbh? I mean no matter the use, crypto is still, well, crypto. It being Bitcoin isn't exactly being useful compared to it being fiat instead, after all, if the students need to use it they'd have to convert it to fiat nonetheless, and the same could be said if they want to invest it. Still considering that it's for helping students, I hardly doubt they would actually let it stay as fiat and would instead use it to help in their studies and whatnot, investment fort yourself as they say.

[Poker Player]

I suppose it's a marketing strategy to promote bitcoin among young students, because it really doesn't make a lot of difference if home tuition support is paid in fiat or bitcoin currency. I don't know what are the intentions behind this good action, but I think it's positive for bitcoin anyway. The more people talk about it, the better.
News like this make people's interest for bitcoin increase, what helps to raise demand, also boosting bitcoin price towards a new ATH that must happen before this year finishes yet.

I was wondering about this. I welcome actions like this that popularize Bitcoin, but if the amount they earn is going to go to pay tuition fees, I don't see the point, and I don't think the Universities where they study accept Bitcoin as payment. I would see more sense if the students could save at least part of what they give them for the future. But charging X amount that you have to exchange to USD to pay tuition fees doesn't make much sense to me.

[Lanatsa]

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

Bitcoin could really be learnt up and it doesn't really limit out on certain key areas on where it could neither be introduced not only on Schools/College or on other ways or method itself as long there would be people who would initially making out such step.

It is good that we are really getting those kind of considerations and good exposure which might sparked out more adoption in near future and those students would might have at least the very idea
on how blockchain and Bitcoin works.

Adoption is on the move and we do really need that thing for us to make this something even more bigger.

[carrigan]

Bitcoin can be used as you like or according to your needs. Whether in the economic aspect, education or otherwise. Especially in insurance that has almost the same nature as you invest. Bitcoin gives a new color to the world, its development which continues to advance and become more sophisticated makes all amazed and want to own it. Especially in the economic aspect that can really change a person's life to be more capable and even rich.

[joniboini]

I think it's as simple as because they have many Bitcoins and giving away some sats worth $10k is not that much trouble for them. Pretty sure most of the winners will sell some of the prize, especially if the bear market hits, but that's not a bad thing. Just how the market works. It is also ironic if the prize can't really help them pay their tuition so I guess that serve the purpose in the end.

[Nahl]

giving bitcoin as a prize is good idea because it will introduce bitcoin to the people especially for students but according to the article that Mark Cuban and Dr Pepper seems continuously provide tuition to the students almost every years and seems this year slightly different because students want in bitcoin as the giveaway however maybe the students wants bitcoin as the prize because they want to be bitcoins users so this is good for the future and popularities of bitcoin

[hyudien]

Insurance and investment at the same time, that amount of money might grow in value in the long run as the adoption continues. However, it could also be risky as the value could drop knowing how volatile the market is and how the whales are still in control to manipulate the market. It's more like a publication or something but anything involving bitcoin announced by influential people would only result in hype which would help to build a stronger future for the crypto market.

Honestly, there's not much difference in setting up a fiat for insurance and bitcoin, so it's not really huge news that would call the attention of the people.

At first glance it's not a big thing for people out there. But why do I say it's big? Bitcoin for one person, especially in the realm of education, of course this can have a big impact in the next 5 to 10 years when that person is successful and the cleric will tell his students about the history of how he got educational donations from Bitcoin. As I said above, it is not the nominal value but the value of the output that will be generated and can motivate everyone to continue to improve their performance. Education is the most important.

[so98nn]

Well technically speaking bitcoin is already huge part of education system because it is being taught in the undergrad and master program in various university. Whether it is part of information technology subject or economics studies bitcoin is everywhere. In fact they are also getting developed and prepared for the blockchain and it’s usage in the real world application.

Though the above news is about bitcoin and it’s monetary usage then also rest of the subjects are bringing attention of new investors indirectly. I mean all the students will once be a investor and they would know the value because they will have deep knowledge of the same since college educational period.

[maju69]

Bitcoin for everything in every life, starting from the economy which is the main thing, social also brings us closer to people who share the same love for Bitcoin across countries. Not to forget Bitcoin has also become political material for interested elites. But mostly everything refers to the economy. As for education, it is much more important because it will be useful in the future as a form of learning that should be included in school materials.

[skarais]

So far I heard that in some universities (I forgot the country) there are already courses on blockchain or cryptocurrency in general which are taught to students. This course will be very good to be adopted by the education system where this course will be very beneficial for the future of students, especially in the fields of economics and digital technology.

I'm not talking about one specific coin like bitcoin, but educational systems can put this subject in a general context where blockchain is the main thing that need to be taught. If it's just an annual prize for selected students, it may not specifically increase their knowledge as they are only interested in the value of bitcoin itself rather than learning something about it.

[Upgrade00]

The usefulness of this may not exactly be in Bitcoin as an insurance in education, as most if not all of the Bitcoin would be converted to fiat. It's more in the exposure and legitimacy it gives it. Despite how popular Bitcoin is alot of people still think it is a scam or do not know about it, programs like this would dispell that thought and would also encourage students to research on Bitcoin, how to store it, how to receive and send it etcetera.

I saw even before there someone used BTC as a pension plan, it is quite risky but probably these people have seen the future that could be BTC will become the most expensive digital currency in the world.

Bitcoin is a futuristic technology and should grow overtime, but no one has actually seen the future, and every one should apply risk management when holding Bitcoin for its speculative value.

[perfect999]

Apart from education, economics then what else have you heard about the benefits of Bitcoin to people out there?

Bitcoin can be used in a lot of ways, those same ways that you can make use of the fiat, I believe that Bitcoin can as well be used in a lot of ways that you would use fiat. So, if you ask yourself the question, in what areas can you make use of Fiat or areas where it can benefit the people, then bitcoin can as well play that role in place of the fiat. Unless we are going to be talking about the Blockchain and the areas where it can be applied; the blockchain is a useful technology, but I think there is a limit to what it can be used for, it’s not like it has endless ways that it can be used, there should be a limit.

[BIT-BENDER]

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

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.