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Author Topic: 2014-04-30 Every MIT student to begin semester with $100 in bitcoin  (Read 1509 times)
mercistheman
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May 06, 2014, 04:19:41 AM
Last edit: May 06, 2014, 04:30:47 AM by mercistheman
 #1

http://www.universityherald.com/articles/9165/20140430/every-m-i-t-student-to-begin-next-semester-with-100-bitcoins-what-type-of-economy-will-emerge.htm
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May 06, 2014, 04:24:31 AM
 #2

I think it is $100US worth of BTC.

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May 06, 2014, 04:25:45 AM
 #3

I think it is $100US worth of BTC.

yes, lol. They aren't giving every student 40k.
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May 06, 2014, 04:33:18 AM
 #4

My first post and already messin' up... damn rookies  Tongue
Corrected
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May 06, 2014, 04:37:12 AM
 #5

And the rich get richer  Cheesy

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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May 06, 2014, 04:55:25 AM
 #6

And the rich get richer  Cheesy

Why are you saying that? There are no billionaires among the current MIT student body. And there are students from international locations studying there, such as Africa, Latin America and Asia.


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May 06, 2014, 04:58:33 AM
 #7

And the rich get richer  Cheesy

Why are you saying that? There are no billionaires among the current MIT student body. And there are students from international locations studying there, such as Africa, Latin America and Asia.
Yeah, that won't last the first weekend if the local bars accept bitcoins.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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May 06, 2014, 04:58:36 AM
 #8

And the rich get richer  Cheesy

There are offspring of some offspring of billionaires among the current MIT student body. And there are students from international locations studying there, such as Africa, Latin America and Asia.

ftfy

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May 06, 2014, 05:05:15 AM
 #9

I hope MIT Bitcoin Club make Every MIT students attend mandatory bitcoin security classes before Every MIT students  can receive their BTC.

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May 06, 2014, 05:06:13 AM
 #10

I like the idea of creating an ecosystem on MIT's campus.  The smartest students of the country are studying how to use btc and may be they could solve some of the system's problems.
IMO, they will be able to prove to the world that the cryptocurrency is our future.  Smiley
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May 06, 2014, 05:17:15 AM
 #11

Yeah, that won't last the first weekend if the local bars accept bitcoins.

I have already posted about this. Even if 90% of the 4,500 students sell off their coins immediately, the remaining 10% will keep them (450). And 450 is a very large number, as far as Bitcoin is concerned.


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May 06, 2014, 08:08:53 AM
 #12


FUUU Ok I am officially jealous of every single MIT student I may have more but in a few years they will be the richest alumni
That said if I go visit MIT it will make me happy to know that I can use bitcoin in their ecosystem exactly what I expect of a leading institution
Also really awesome MIT has a M.I.T.'s Bitcoin Club to check out
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May 06, 2014, 09:03:05 AM
 #13

FUUU Ok I am officially jealous of every single MIT student I may have more but in a few years they will be the richest alumni

lol... after 5 years, when Bitcoin crosses the $100,000 mark, these same MIT students (ex-students by then) will be jealous of you, and you can show off your wealth to them.  Grin


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May 06, 2014, 09:04:23 AM
 #14

wow.. its harder to go in though to MIT
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May 06, 2014, 01:09:13 PM
 #15

I like the idea, but I'm not sure if it'll work out, I can't help but think half of these kids just won't really care and end up losing the coins or just forgetting about them. If this ends up actually happening it'll be an interesting experiment.

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May 06, 2014, 02:46:20 PM
 #16

I like the idea, but I'm not sure if it'll work out, I can't help but think half of these kids just won't really care and end up losing the coins or just forgetting about them. If this ends up actually happening it'll be an interesting experiment.

At least some of them will take it seriously. And most of these kids at the Massachusetts Institute of Technology are extremely intelligent. They will realize the future potential of Bitcoin.


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guybrushthreepwood
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May 06, 2014, 02:53:36 PM
 #17

I like the idea, but I'm not sure if it'll work out, I can't help but think half of these kids just won't really care and end up losing the coins or just forgetting about them. If this ends up actually happening it'll be an interesting experiment.

At least some of them will take it seriously. And most of these kids at the Massachusetts Institute of Technology are extremely intelligent. They will realize the future potential of Bitcoin.

I don't doubt there will be at least some that will take it seriously, but I also don't doubt there will be some who won't or wont really care that much.

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May 06, 2014, 02:58:08 PM
 #18

I like the idea, but I'm not sure if it'll work out, I can't help but think half of these kids just won't really care and end up losing the coins or just forgetting about them. If this ends up actually happening it'll be an interesting experiment.

At least some of them will take it seriously. And most of these kids at the Massachusetts Institute of Technology are extremely intelligent. They will realize the future potential of Bitcoin.

You have to remember that some people can be academically very intelligent, but not really very smart and make very stupid decisions, but I don't doubt there's a lot of both smart and intelligent people at MIT, but I'm also sure there's a few slack ones too  Grin.

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May 06, 2014, 04:19:57 PM
 #19

I don't doubt there will be at least some that will take it seriously, but I also don't doubt there will be some who won't or wont really care that much.

See... right now we have some 100,000 active Bitcoin users (out of some 1,000,000 people who possess at least 0.1 mBTC). There are around 4,500 UG students in MIT. Even if we can convince 20% of them, that means 900 people are added to our ranks. The number of active Bitcoiners jump by 1%. Repeat this process in various other Universities and Colleges, and in no time we will be having millions of users.  Grin


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May 06, 2014, 05:25:12 PM
 #20

I hope that the students who would be interested in using Bitcoins will develop a program to provide additional security against hackers  Cheesy

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