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Topic: [2014-08-14] Preparations underway for the campus-wide MIT Bitcoin Project (Read 744 times)

legendary
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Don’t think that Rubin isn’t a bit worried about what is going to happen come September, so he’s continuing to work on almost every aspect of the Bitcoin Project day and night. “I’m implementing a system that is going to be responsible for distributing a million dollars of Bitcoin, so I need to be comfortable with what I built,” he said.
No kidding, that's quite a project to be the chief of. It does seem like carryout and delivery food services is where the bulk of the spending might go. Heck, if they can coordinate w/ local franchises to offer discounts, people will likely keep changing their fiat for coinage on a regular basis.
sr. member
Activity: 434
Merit: 250
http://betaboston.com/news/2014/08/13/preparations-underway-for-the-campus-wide-mit-bitcoin-initiative/

This summer, some of the key players involved in the Bitcoin initiative, which will be giving every undergraduate $100 in bitcoin, are working non-stop to make the one-of-a-kind Bitcoin experiment at MIT a success

Jeremy Rubin, who will be a junior, has been working around the clock this summer to make sure that when the project hands over the $100 of bitcoin to students, there will be opportunities to use the currency just as any other payment method.
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