Out of curiosity, what ever happened with the online tutoring endeavor that was planned with this coin?
The tutor-web project is alive and well.
Earlier in this thread you will find an ad for an open course, Computing and Calculus for Applied Statistics. This course has been ongoing this semester and the is almost complete. It is basically a self-study course advertised on twitter, LinkedIn, Facebook, email lists and here. Not many students but we have active students from Kenya, Ghana, Norway, Iceland and the US.
Another course in applied stats with over 200 students is currently using the tutor-web.
Instructors in several other courses use the tutor-web in one way or another. These include remedial courses in South Africa and math in Kenya.
In all cases the students get SMLY as rewards.
We've been experimenting with different rewards, to date all based on one SMLY for minimal achievement, more for excellence in a lecture and a whole lot for acing a tutorial of many lectures. Usually we make sure it is easy to get past the minimum but extremely difficult to ace a complete tutorial, so we've been offering 1 million SMLY for getting there.
It's still early days. Right now we mainly need more ways to use the SMLY so students see a reason to earn them.