Bitcoin as Education Insurance - page 2.

RiskySanchez

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Quote from: dupee419 on November 30, 2021, 10:53:17 AM

Quote from: ?? on ??

if one day bitcoin will become legal in various countries and circles.maybe I feel bitcoin will be an insurance for education that is so big it will play a role in the world of education in the future,because in the future bitcoin will have a lot so big that it can be insured for education and also health, then of course this will have a good impact on the world of education and certainly there will be no more people who do not receive an education that they can do in the future

Bitcoin as an insurance in general would be a good idea, the fact that the price inflates makes it beneficial for citizens since their insurance increases, Education insurance is great, Health insurance is also essential if Bitcoin were to be integrated as insurance for one's country.

which means bitcoin has no boundaries and can enter all sectors including insurance which has a positive impact, it only takes time for bitcoin to improve the economic sector in each country with an integrated blockchain system

zaesvlas

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In fact, everyone can view Bitcoin as they see fit. I think that bitcoin is too dynamic and sometimes there is simply no time to learn

Vannie12

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Quote from: Poker Player on November 20, 2021, 12:12:25 AM

Quote from: uneng on November 19, 2021, 10:03:55 PM

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.

Couldn't agree more. I think using bitcoin for tuition fee is a bit off. Solely just for advertisement. If an institution like school, does not have a proper storage for crypto or a system where they allocate funds in crypto, they probably won't have anything to do with it and might just take it as fiat so it can be used as like the rest of the funds. For such, they need the fund to circulate, they wouldn't store that for long because they would know that it is not stable.
I think it can be use somehow for education, but in other ways maybe.

dupee419

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Quote from: ?? on ??

if one day bitcoin will become legal in various countries and circles.maybe I feel bitcoin will be an insurance for education that is so big it will play a role in the world of education in the future,because in the future bitcoin will have a lot so big that it can be insured for education and also health, then of course this will have a good impact on the world of education and certainly there will be no more people who do not receive an education that they can do in the future

Bitcoin as an insurance in general would be a good idea, the fact that the price inflates makes it beneficial for citizens since their insurance increases, Education insurance is great, Health insurance is also essential if Bitcoin were to be integrated as insurance for one's country.

Kasabus

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Quote from: worle1bm on November 29, 2021, 12:50:50 AM

Quote from: blockman on November 19, 2021, 03:39:31 PM

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.

It's all about time and how we use our funds and if that person whosoever was last and still holds that btc is far better than who got first prize.See how lucky is it to be sometime not the first one also.Bitcoin has come long way and you can make use of it in any case for making more profits.

Well, if bitcoin will come into its massive adoption, then it will be expected that it will also be given as prizes in any games or competition. Not just in education itself, but in all aspects wherein finances is needed since it can be used already everywhere with a high value or amount. And in time, it can also serve as an insurance or pension funds as it will be more valuable if it will be hold for long time or once it will be properly manage by its owner. Probably, as more institutions have come to accept bitcoin, then it will be more expensive and a lot of people will surely be dreaming to have it.

worle1bm

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Quote from: blockman on November 19, 2021, 03:39:31 PM

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.

It's all about time and how we use our funds and if that person whosoever was last and still holds that btc is far better than who got first prize.See how lucky is it to be sometime not the first one also.Bitcoin has come long way and you can make use of it in any case for making more profits.

Reatim

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Quote from: hyudien on November 19, 2021, 01:43:29 PM

Today news quite amused me, based on Bitcoin Magazine:

Quote

"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

You are a Hero Member and I'm sure you have seen more function AND use of bitcoin over the years, this one has just being popularized because some celebrity are in the event but hiding in many ways bitcoin has been used constantly.
even in our daily basis we can see how usuable and great bitcoin is.
but congratulations to those who will be awarded with this education insurance though the amount is not that high per year considering how much it cost for each student to pay for their education.

LUCKMCFLY

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I like their gesture for students, when you are a student it is very difficult to have an incentive, the only incentive is to have a university degree quickly to be able to go out to work, sometimes a university degree is not so simple, many times you enter In so much stress that you want to throw in the towel, then when incentives of this style are given they are very rewarding because it is an incentive for any student, and I hope they continue that type of awards from the BTC millionaires, education will always be the future of the best engineers, doctors and professionals in general who at any moment can even become the salvation of humanity.

rizqoAD

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Yes, Bitcoin can be used as educational insurance, besides that there are many other aspects that are greatly helped by the existence of Bitcoin. I think Bitcoin has provided new job opportunities for people who are getting into crypto world, they can take advantage of Bitcoin price fluctuations by trading in the crypto market, this is very helpful for people like me who are looking for part time jobs to earn extra income. income. Of course this will have an increasing economic effect on a country so that it can help the government in overcoming unemployment.

sheenshane

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Another part of Bitcoin improvement and we saw day by day that there are different kinds of adoptions such as Bitcoin use a monthly salary, use a pension, use in a charity and now education insurance. It might they already understand the risk that possibly will happen in the future and that's the reason they used now Bitcoin in any financial aspect.

It will help to spread Bitcoin adoption awareness as well. Doesn't matter what is the hidden agenda about this program but I think, it will have a benefit to Bitcoin that will surely give a boost to the price grow up.

Lucius

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Quote from: hyudien on November 19, 2021, 01:43:29 PM

As per the latest news, Mark Cuban and Dr Pepper allocate $23K worth of Bitcoin to lucky students every year.

It is not about the students, but about one lucky student who will win that amount. For me personally, this looks more like self-promotion than real help to students, especially if we take into account that Marc Cuban net worth is as much as $ 4.5 billion. If you want to help someone, don't throw them crumbs.

Quote from: hyudien on November 19, 2021, 01:43:29 PM

It is not about the value given to students, but the value of the output produced.

I'm not sure that value doesn't matter, because students are young people who have specific needs when it comes to student life - especially in the US where students don't spend too much time learning (at least that's the impression American films leave Grin

). It would be interesting to see what a lucky student who gets $23k will do with that money.

Leviathan.007

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This can be another aspect of bitcoin shows us clearly that's bitcoin can give investors amazing profits also this can be a good choice for the people who want to stay away from the inflation rate but in this case, you can see many bitcoin holders can use this asset to donate and help the foundations, I've seen many cases like this one and even more interesting where someone with anonymous identifies donating millions of dollars. However, in my idea releasing this news with famous names such as Mark Cuban can increase his reputation as a good man who cares about students.

dimox

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the point is wealth give people who needed chance to grow. bitcoin is just another shape, and the important thing is money. people know how to attract the other by crypto method.
wish, that related person tell to student about bitcoin, more and more. big hope given to them, to carry what teller want, carry what future's technology be more advanced than what future as it should be.

michellee

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I think it is good to introduce people to bitcoin by giving rewards to those who win in some tournaments or competitions so they can have awareness about bitcoin. But to enter the realm of education, I think that will depend on each college or school and that needs to interfere from the government which need to have new regulations in the education. The benefits of bitcoin now still be a new investment and it will like that and I think that can be more popular than using bitcoin for the payment system.

kryptqnick

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Quote from: hyudien on November 19, 2021, 01:43:29 PM

Today news quite amused me, based on Bitcoin Magazine:

Quote

"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

It's risky, of course, but there's also a good chance they'll be able to help more toward the cost of tuition by donating in Bitcoin because it can significantly increase in value over time. Then again, I don't know the details, and perhaps it's up to the winner to decide in which currency it should be kept prior to the time when tuition must be paid. In any case, it's a good initiative to express support to young aspiring potential students, as well as popularize Bitcoin. What I think could be done differently is the toss part, since it's a very fiat kind of thing. How about predicting the next mined block of Bitcoin in some way, or the timing of it?

Reid

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I wish they will also give something to the student that losses in that "Bitcoin Toss".
It will suck emotionally having the thought of losing in a toss which amounts to $23k if he won it. Maybe in Dogecoin since Mark Cuban is a supporter of it.
Half of whatever the winner will have.
Could be a good advertisement to boost the value of Dogecoin if ever he will do it. A win situation on his part too.

TheUltraElite

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So anyway, I applied as a merit source :)

Insurance is something that is best done by the financial institutions and Insurance for education does not seem like a term I came across often, correct me if I seem narrow-minded.

I think students can learn about crypto if they wish to and they should allowed to freely associate regarding this. Force-feeding with instructions to invest in crypto or learn about crypto is the wrong method. Giving them prizes in crypto, may work but I dont the ones on the receiving side are going to hold on to that crypto for long, they will likely sell it on an exchange and keep the fiat. That would be a logical step too considering their chances of spending crypto being lower than the chances of spending fiat.

Also teaching regarding crypto is only about development of blockchain technology. No institution will teach you about cryptocurrency and how to invest in them, those come from your own choice.

noorman0

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[Nope]No hype delivers more than hope

Now let's expand the thinking if this program is implemented in several countries.
If we want to implement bitcoin in the realm of education and hope that it will be sustainable (in the sense that bitcoin will not be interrupted in students' lives after graduation), then it is more appropriate to provide early education about bitcoin. We cannot avoid the fact that not all students have access to adequate sources of information, especially with regard to technology.

I don't think all those students will know or care what method of insurance they receive, especially if the insurance is for low-education students. They will only see the nominal in fiat if they do not know beforehand what bitcoin is. And yeah, I'm sure students won't be left to manage that bitcoins to avoid abuse.

In conclusion, giving awards without education is a less than perfect method for raising awareness.

D-law

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This is a good step forward, bringing in talks, teaching, seminars, and lectures about bitcoin into the class.
Down my ends, stuff's such as this are kinda rare,so introduction of such is a big form of acceptance, expanding the bitcoin market,and a chance for bitcoin newbies to Learn a whole lot.
As mostly accepted by young lads, hopefully this is done in the right way in other to avoid scams.

syedakhlaque

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The use of Bitcoin as Education Insurance will be a good step.
Bitcoin value is increasing since its beginning. So the use of bitcoin for insurance, gratuity funds or pension is not bad. The Bitcoin business is very much popular among young and students today. The insurance in bitcoin for education purposes will not make it more famous among students but it will also increase the value & credibility Bitcoin.

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