Topic: $100 Million for a First-Class Degree? (Read 484 times)

If you all think a degree is worth 100 million, why the fuck are you all full of such hatred when I mention that I have a Ph.D. in Mathematics? Oh wait. It is because you want a credential but you don't care about being competent at anything or learning anything, and you lack the intellectual foresight to recognize that this is what makes university degrees as f@#$ed up as they are today.

Regards,

-Joseph Van Name Ph.D.

I don’t know what was wrong with the girl when she picked a first class over $100 million. In my country there are lots of first-class graduates without jobs, and the ones that are employed are underpaid, so why will I even think about first class over that huge amount of money?

If you have $100 million, you can establish a business with some part of the money, and you will be living a comfortable life. There are lots of people with jobs, but they are not satisfied with their pay, their salary is not just enough to take care of the things that they need.

Let’s assume you graduate from school with a first class, and you are employed. How much are you going to be receiving monthly, and how many years will it take before you will be able to earn $100 million? Don’t be surprised that most people won’t even earn that amount of money till they will retire from work, so why choose a first class over money when there is no assurance that you will be able to make that amount?

Well, the lady might or may appear a hero in her own eyes, but she is definitely a fool if she actually meant what she said, first class degree is a great achievement as a schooler, but what else does this do if not give the person the opportunity or getting a well paying job, and respect from the society, all of this which the person can still get with a $100 million dollars.

With such an amount of money, one can build companies around the world, gain connections and respect in the society, and may even buy a first class degree in one of the world's most reputable and respected institution if the person so desire.

I don't know when question of choosing between money and a degree is being asked, and some persons will choose a degree over money like who does having a degree help so much in life now, there are a lot of successful people in the world today who don't own a degree or even take their education to higher length. Majority of people will choose money over a degree because that money will almost give them a chance to live the kind of life they have been dreaming. Even with that huge amount of money, you can even employ highly intellectual individuals who can improve your knowledge about a particular business or investment you would want to venture into and from there you become so successful and can even sort after the degree later on in life. Some people don't just know what they really want in life

The person has a vision and a goal, and with what she is pursuing, she can actually achieve those dreams. Some people have a passion for education, and their degrees mean more than enough to them, which no matter the amount you offer them, they can't sell that which they have achieved to you. 
 
That amount, if you ask me, depending on the field that I focus on, is a good amount, which I can use to develop myself without the degree. Let's not forget that what I have learnt still remains in my head, and the degree is just a paper. I can take that money, denounce the degree, and use what I have upstairs to create something that I will have to employ those who still have their degree with them. 

At current prices, 10BTC is equivalent to almost $1 million, double the amount he mentioned and with this amount, you can have a rich life if you are from a 3rd world country. Besides, unemployment after college graduation is a serious problem in developing countries and people are starting to doubt education. So I'm pretty sure people would be willing to sell their degrees for 10BTC.

Moreover, bitcoin is being considered as the only lifeline for most people, everyone is expecting that investing in bitcoin will help them escape poverty and become rich. So even if you buy their degree for 1-2 BTC, they will sell it to you immediately, let alone 10BTC.

@DYING_S0UL, today, the real wealth is to be at least somewhat self-sustaining, because in addition to having your own food, you also know what you eat because you know what you use during cultivation and production. My advice to you is to continue in that direction and maybe think about expanding production in order to sell part of the products, which would be a good source of additional income with which you can pay for electricity, internet and food that you cannot produce.

It's nice to have a degree, but sometimes it all comes down to a piece of paper that doesn't help you in life. A young person in my country who is an English and native language teacher was on national TV telling her story - over 700 job applications sent out, and she still hasn't managed to get a job.

Definitely!

The current job market is very bad at my place. Before the 2nd independence, there was corruption everywhere! People had to give a bribe for even the smallest government jobs. And as for non govt jobs, the supply and demand ratio is too great. I mean, the competition is just fierce. Many good degree holders are unemployed now. The only way to overcome this situation is by either making oneself self employed, being an entrepreneur, or going abroad. I lot of folks around me quit their jobs and went to their hometown to farm, poultry, fish or set up business of their own, a startup with endless possibilities. The degree meant nothing to them.

So yes, again definitely, I would choose that 10 BTC.

We, myself, my family, owns a small poultry farm (not commercial level, for family use only). We also have some lands where my father likes to garden. So overall, a lot of our daily necessities are homegrown. And today, the chickens lay total 39 eggs in a single day. So I'm pretty optimistic with my side business. I don't feel the need to run after corporate jobs.

No wonder the one who responded was a woman. I recently saw a video where they asked if they would prefer a bitcoin or a ticket to a Taylor Swift concert, and all but one of the women preferred the concert ticket, despite the interviewer telling them that a bitcoin was worth $80K or whatever it was at the time.

It's the same in this case. With $100M you can set up a private university and teach degrees yourself.

Since we're on the BTC forum, a question for you and everyone else - would you be willing to sell your degree for 10 BTC or less? Of course, there is a risk if you were to keep these coins for a while, but there is also a real possibility that the coins would be worth much more after some time.

I can only say that where I live, a degree of any kind is not worth much - it is much more important to have the ID card of the party in power. Sad but true, there are such countries even in the EU.

Well it's a rather crap example because this student wasn't very bright. Confidence does not equal intelligence and most people with degrees would be lucky to ever accrue $10 million in their lifetime, nevermind $100 million. If she was that intelligent she would realize that she could earn a few million a year just from investments without ever touching the main capital amount. If she had interest in learning, she could go to the best tutors and learn all the same information without ever attaining a degree. However you cannot blame people when they're young and have grand ambitions, but the chances of someone reaching this amount without family money being passed down is extremely low.

Well, I think it totally depends on what kind of environment that person is living in. For me, I'll take that $100 million. Where I live, that kind of money will set me for an entire lifetime. The amount is just too great! Of course, a first class degree seems nice, but the reality is often bitter! With the high percentage of unemployment rate at my place, landing a job with a decent salary with that degree is like finding gold. Also, I'm more of a solo person than a corporate person! I don't like the bossing of others! I'll be more comfortable if I set up a business of my own with that money. And I know I can.

The last statement is indeed true to the core. Many of us will take even the fraction of that amount. Forget $100 million, if someone offered me $500k right now, I'll probably give up my degree.  

i agree with you on this, that many people will even settle for less considering the level of hardship of deferent economic system. i too believe that it was a rhetorical question. no body can offer that kind of amount to test somebody integrity, while we all know the level of poverty in the world. even with $1m majority of people will lay down their result. i just see this as a rhetorical question as you mentioned earlier.

There is no way on earth she will earn $100 million with her degree in her lifetime. By the way, I also want to admit that just giving $100 Million to a random human is not going to change their life because you need to be smart with that $100 Million or you'll stupidly spend it and when you become older, you'll be left with nothing but overall, I think that her choice was far from smart or logical. We live in a capitalism where money matters the most. If you have money, you are on top of the food chain. It will simply take me hours to fully write down how much she can achieve with $100 Million now compared to getting degree and having a terrible life experience. Almost everyone I know with a degree, is slightly privileged worker, nothing more.

That's more stupid than optimistic. I don't know why but many parents install this mindset in their children that their aim should be to get a degree to have a wonderful life while in reality this degree does nothing amazing. I know many people who have degrees, one of my friend has a degree in chemistry from Ludwig Maximilian University of Munich and he works in DHL as a delivery guy. That's how bad the situation is right now. Without good connections, you can't find a good job unless you are top among the top students, which, everyone believe me, is very hard.

The lady in the OP story should understand that the first class degree was gotten due to her high intelligence and without the the certificate she can still perform uptimaly in her chosen career. We have been brainwashed to think that our success in life depends on how many certificates that we bag, in the end we use it to beg to apply to work for other people. Majority of succefull entrepreneurs don't make money because they have some fancy degrees, they're successful by thinking and acting like successful people.

AI is taking over jobs and in the future most credentials will be worthless because you can get results without consulting any professionals. A lot of graduates are roaming the streets in my country looking for white collar jobs with their certificates while people with relevant skills are making money and getting rich without presenting a first class degree. To make it in this generation you need basic education, not necessarily a fancy certificate.

First of all, no one offered that woman $100 million, but rather asked a rhetorical question to which most people would give the same answer, especially if the question was asked publicly. If the situation were different and the same question were asked privately with an actual offer (cash on the table) I would like to see someone who would turn down such an offer.

Few people can earn even 1% of that amount in their lifetime, regardless of their degree - which means that most would agree to a much smaller amount than this.

I think it depends on the situation, the real one. Having been able to choose between the two is just unrealistic. It's not true, so maybe the answer within her mind is "take the higher ground" since there's nothing to begin with. I believe if there's an actual $100 million in front of you and you try that question again, there would be a different answer.

Besides, having $100 million could help you get multiple degrees and even your family if you are really into education. It's a good investment for yourself, but having $100 million upfront is just not honest; that's probably why the person chose it.

my slogan is that "No money no degree". what is the essence of having degree without a financial backup. of course many graduate are out there struggling to make ends meet yet nothing to show forth, at this point there degree is like not useful. not that there degree is totally useless but at that point in time it is almost useless. if an opportunity of $100m is given to him or her it will be accepted. after all most graduate have not seen that amount throughout their lifetime.  

And who cares about your class or respect when you don't have money? the society today no body will respect you if you don't have money. a degree holder can only be respected if he has money.

I would definitely take the money, even with first class degree i still think that making $100 million is unrealistic, but with $100 million you can become angel investor that could essentially boost your credibility and you'd be viewed as more credible compared to those fresh graduates.

let us be real when you got $100 million we're talking about being an investor not some employee anymore and you can do so many thing, if you're keen on investment as well you'd more likely to multiple that money from $100m it can become $1 billion. there are some people that said when you got a lot money like basically above $10 m making money become significantly easier because all opportunities are looking for you, not the other way around.

Honestly, her choice may seem silly to us but we should respect her choice and stop imposing our thoughts on her.

Just like when Gates or Mark Zuckerberg dropped out of Harvard, one of the most prestigious universities in the world, just to pursue their dreams. At that time, hardly anyone believed that they could succeed and become a billionaire until it happened. Or like Elon, no one ever believed or thought that he would become a billionaire and the richest man on the planet until he did it.

The same thing could have happened to that girl or any of us, we shouldn't judge others just because they have different choices than us or impose our thoughts on them.