Topic: Bitcoin as Education Insurance (Read 490 times)

Thanks a lot for the explanation.  Useful information and tips that you gave in this discussion. I am studying at university and am interested in the topic of bitcoin, cryptocurrency and blockchain. In addition, I am writing several studies that deal with the issue of race. On the site https://graduateway.com/essay-examples/race/ I found some very interesting articles that deal with various aspects of this issue.

  same thought. When it crash and then blame the universe why cryptos are made and just a waste and call rallies against cryptos accusing of scam and fraud and whatnot and because they have lost their jobs, would advise their families of the avoiding them and boom, no more crypto for them. Haha. It's just funny how people think these days.

Since Bitcoin has proven to be a very profitable asset for investment, then the idea of making Bitcoin an educational insurance for outstanding
students should be a program supported by the government. Apart from motivating students to give their best, it can also serve as education
about Bitcoin, and make people aware of the importance of investing. I hope that countries that have legalized Bitcoin as a digital asset can support
Bitcoin for education insurance. But as you've said, it's very unlikely that the government will support such a program, because the government
must prioritize other things. Especially with the pandemic not over yet, definitely the government's focus on programs related to the pandemic for now.

This looks unlikely for now, can't deny that but who knows 10 years onwards they will take this and offer such rewards to the most outstanding students. This gonna be a sort of motivational program and I believe that it certainly gain attention since these kinds are probably aware of Bitcoin. And with the help of being included in the teaching program, the more further give them information and investment ideas.

This eventually I looked forward to seeing it in my country but something I'm not sure of is if the government will give support or/ they just ignore and prioritize the other needs.

There is always a time for Bitcoin to be accepted in every aspect of our lives, not just in terms of education. Because Bitcoin is a friend for anything that later concerns the future growth of the digital economy. Any program when accompanied by Bitcoin does not care whether it is a promotion to make a name for someone, a company or even to gain prestige itself. That's their right, because I have said from the start Bitcoin can be used in any case depending on the user. Isn't Bitcoin flexible you want to take Bitcoins in any direction you can adjust it.

That's right, bitcoin can be used as educational insurance mostly now if you have enough livelihood you need to save to prepare for such situations and bitcoin also helps those who need it even though it is called partime enough value  to be able to save for the future

bitcoin as education insurance, sounds good and can be accepted with common sense, because in this way it is likely that bitcoin will be known by all circles, young and old even students will learn about bitcoin, but the problem is will all schools accept payments in bitcoin.

I may agree on you. Just when they thought that bitcoin has a high value and will be more valuable in the long run, so their time for studies might be divert into learning bitcoin or crypto trading knowing there is huge profits await for it. But on the other hand, if bitcoin will be a good motivation for the students to do more good in school since they will receive bitcoin afterwards, then maybe we can consider bitcoin as more productive. I think in the long run, bitcoin will already be used in all aspects of life so take this one as a good start.

No one can ignore the prospect of bitcoin. It is an asset that can be utilized in many sectors like insurance, investment, engineering, healthcare, education, etc. However, I do not support the marketing strategy of making it famous among students by gifting them to a few lucky ones. It can be fatal for a country’s future if students start concentrating on crypto trading instead of studies.

Bitcoin as an education insurance may only be applicable maybe in those countries that are supporting bitcoin or crypto, otherwise the government will definitely oppose about it. No matter how high the value of bitcoin, it will never be allowed when it comes to government schools. However, the example of OP is a good achievement for bitcoin because its not only used as a salary, and now it has reached its level of having it as a reward as an education insurance. It will really help a lot in the future considering its high value.

That's our hope as bitcoin activists, but not with the government. If you use it as insurance officially and get a license from the government for a short period of time it is very difficult. Some world governments only want it as an asset not as a means of payment transactions.
In fact, we see china shutting down all crypto activities, after which they make their own digital money. Regarding education insurance is very important, insurance here in the sense of saving privately and used later is very promising.  Especially if the value of bitcoin goes up, it will be very good.

Well, for me there's no such bad idea on having bitcoin as a reward. After all, the future will really lead us into bitcoin as we are moving into a digital version. Although it might be quite unique to think for students to have bitcoin as an educational insurance, but i know in the later part, they will start to acknowledge its advantage. Maybe it might take time for the young individuals to understand bitcoin , but once they will come to understand it, they might be overwhelm knowing how valuable a single bitcoin can be.

Previously there was a proposal accept bitcoin for give salary to workers. It's now in education It won't bad. If everyone knows bitcoin from their study life it will be great. Even I think it there's should be a chapter for btc history

Everyone has the chance to buy Bitcoin back in the days since they have the chance but most of them too sold their Bitcoin at a very low price because they were afraid it might be gone for good. But as the time pass by, most of the people have given enough time to buy and invest in Bitcoin but most of them didn't really believe that it would be a thing in the future and look at the price now?

Bitcoin is everything as long as you use its purpose since it's a money and an asset at the same time. It has been widely used as a means of payment for most businesses who allowed crypto in their business.

I guess one important aspect to consider is whether we are talking private or public universities. As public universities are run by the state, I think they might not even be allowed to accept speculative assets for tuition fee whereas that might very well be the case for private universities.
I think they will always have to rely on stable currencies. Imagine they hold large amounts of crypto and it crashes and just have to close the university forever!

Encouraging students in the video of bitcoins, in my opinion, this is generally wonderful, this is the best measure of reward in fact, and such actions already teach students to be financially smart at the start and the basics of investing in cryptocurrency. Of course, there is also a high motivation to study.

okey, student learn about bitcoin to improve skill about cryptocurrent. its good learning skill that give you more advantage in future, improve in little age its good than just common daily. what i know, in the end, many of them will play money role. people get to close in how to make money, not all people but most of them will come here.
the good point is this will shift the other thing and be good adoption when people still young.

CRYPTO FOR BEGINNERS 

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I think it's everything including for Educational premises, daily life, personal life value.... It's working as a fair salary of income.... I still remember when I was in school If I was informed about that btc I would have invested 1$ on it I would be soo rich now lol

bitcoin is an asset, which has value in fiat form, my assumption is that Bitcoin can not only be used as insurance, Student fee programs for those who excel both domestically and internationally can also be used as a means of education, Bitcoin is the best alternative.

For me, Bitcoin if you look at the development of today's era, to be made into health insurance, education, etc., it's time and it's time for that.

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

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

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.

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.

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.

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.

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.

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.

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.

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.

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.


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

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.

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.

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.

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?

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.

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.

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.

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.

 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.

I'm not sure I appreciate the particular manner with which they provide the education grant in Bitcoin. I don't know, perhaps there must be other more appropriate ways to do it than through a live coin toss.

Anyway, Bitcoin has been used as a vehicle toward supporting education. We've heard of the University of Pennsylvania accepting a $5 million Bitcoin from an alumnus.^[1] There was also the University of Puget Sound and even MIT and Cornell University, among others.^[2]

Another advantage with direct Bitcoin donation is stated by the University of Illinois Foundation in their official website.^[3]

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[1] https://cointelegraph.com/news/major-us-university-receives-5m-bitcoin-gift-and-immediately-sells
[2] https://cryptopotato.com/us-universities-struggle-with-bitcoin-donations/
[3] https://uif.uillinois.edu/cryptocurrency

That's why I'm not talking about one particular room, right? Even I say in everyday life, the meaning signifies the infinite breadth of the concept. It can be in the family environment, the environment where we work, and much more. Because there is formal and non-formal education, both have different general meanings according to their respective goals, education functions to direct a certain person or group to know things they don't know to know.

It's up to you how you apply education in any way, surely you will find a lesson from every activity you do. So it is natural that in the end education can be encouraged by implementing Bitcoin in it, both financially and educationally.


How bad is this idea? only because it comes from a certain person who appreciates the intelligence he has. We hold Bitcoin not only for a short time, and know Bitcoin not just 1 or 2 days. If it just keeps holding then why is there a cycle of volatility and volatility in the Bitcoin market? it's not a strange thing in Bitcoin trading. As you are rewarded from the campaign in the form of Bitcoin payments and immediately send it to the exchange then cash it to make ends meet. Then can we blame the student when he just received Bitcoin and cashed it directly to pay for his school fees?

Come on, friend. it's a value of $23K and doesn't affect the overall price. Expand intellectual concepts and start giving an appreciation, not just the nominal, maybe you know what I'm talking about, what's the need with anecdotes?

It's a bad idea, after all, they can still benefit os it because while holding as insurance, it is the same purpose as an investment.
The awareness could be possibly spread because of this propaganda by them, but to be honest, this is quite risky, because when the time comes that they need to cash out their money, it is very lucky when the price folded multiple times but how about if we are in a bear trend seems like what happened in the year 2018 when bitcoin and the entire market started to drop.

But still, we should be thankful there is a program like this.

I don't think education is only quantified when a group of people a put into a box called class rooms that has other similar structures in sets called an institution, college and so on, I have been on a crypto-currency education ever since I got to know about it and I haven't stepped into any four square room to do that daily routine, education is everything we teach others and show them how they can source further on it, my government hasn't been lenient on Crypto-currency so it's not going to be possible for them to put it in the school curriculum, but I won't wait on them before I can educate the next neighbor about crypto-currency and he can educate his family, what else is education if it doesn't being from close relatives and friends.

Bitcoin can be used in a lot of ways, those same ways that you can make use of the fiat, I believe that Bitcoin can as well be used in a lot of ways that you would use fiat. So, if you ask yourself the question, in what areas can you make use of Fiat or areas where it can benefit the people, then bitcoin can as well play that role in place of the fiat. Unless we are going to be talking about the Blockchain and the areas where it can be applied; the blockchain is a useful technology, but I think there is a limit to what it can be used for, it’s not like it has endless ways that it can be used, there should be a limit.

The usefulness of this may not exactly be in Bitcoin as an insurance in education, as most if not all of the Bitcoin would be converted to fiat. It's more in the exposure and legitimacy it gives it. Despite how popular Bitcoin is alot of people still think it is a scam or do not know about it, programs like this would dispell that thought and would also encourage students to research on Bitcoin, how to store it, how to receive and send it etcetera.

Bitcoin is a futuristic technology and should grow overtime, but no one has actually seen the future, and every one should apply risk management when holding Bitcoin for its speculative value.

So far I heard that in some universities (I forgot the country) there are already courses on blockchain or cryptocurrency in general which are taught to students. This course will be very good to be adopted by the education system where this course will be very beneficial for the future of students, especially in the fields of economics and digital technology.

I'm not talking about one specific coin like bitcoin, but educational systems can put this subject in a general context where blockchain is the main thing that need to be taught. If it's just an annual prize for selected students, it may not specifically increase their knowledge as they are only interested in the value of bitcoin itself rather than learning something about it.

Bitcoin for everything in every life, starting from the economy which is the main thing, social also brings us closer to people who share the same love for Bitcoin across countries. Not to forget Bitcoin has also become political material for interested elites. But mostly everything refers to the economy. As for education, it is much more important because it will be useful in the future as a form of learning that should be included in school materials.

Well technically speaking bitcoin is already huge part of education system because it is being taught in the undergrad and master program in various university. Whether it is part of information technology subject or economics studies bitcoin is everywhere. In fact they are also getting developed and prepared for the blockchain and it’s usage in the real world application.

Though the above news is about bitcoin and it’s monetary usage then also rest of the subjects are bringing attention of new investors indirectly. I mean all the students will once be a investor and they would know the value because they will have deep knowledge of the same since college educational period.

At first glance it's not a big thing for people out there. But why do I say it's big? Bitcoin for one person, especially in the realm of education, of course this can have a big impact in the next 5 to 10 years when that person is successful and the cleric will tell his students about the history of how he got educational donations from Bitcoin. As I said above, it is not the nominal value but the value of the output that will be generated and can motivate everyone to continue to improve their performance. Education is the most important.

giving bitcoin as a prize is good idea because it will introduce bitcoin to the people especially for students but according to the article that Mark Cuban and Dr Pepper seems continuously provide tuition to the students almost every years and seems this year slightly different because students want in bitcoin as the giveaway however maybe the students wants bitcoin as the prize because they want to be bitcoins users so this is good for the future and popularities of bitcoin

I think it's as simple as because they have many Bitcoins and giving away some sats worth $10k is not that much trouble for them. Pretty sure most of the winners will sell some of the prize, especially if the bear market hits, but that's not a bad thing. Just how the market works. It is also ironic if the prize can't really help them pay their tuition so I guess that serve the purpose in the end.

Bitcoin can be used as you like or according to your needs. Whether in the economic aspect, education or otherwise. Especially in insurance that has almost the same nature as you invest. Bitcoin gives a new color to the world, its development which continues to advance and become more sophisticated makes all amazed and want to own it. Especially in the economic aspect that can really change a person's life to be more capable and even rich.

Bitcoin could really be learnt up and it doesn't really limit out on certain key areas on where it could neither be introduced not only on Schools/College or on other ways or method itself as long there would be people who would initially making out such step.

It is good that we are really getting those kind of considerations and good exposure which might sparked out more adoption in near future and those students would might have at least the very idea
on how blockchain and Bitcoin works.

Adoption is on the move and we do really need that thing for us to make this something even more bigger.

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.

Hmmm I don't think it's a good nor a bad thing tbh? I mean no matter the use, crypto is still, well, crypto. It being Bitcoin isn't exactly being useful compared to it being fiat instead, after all, if the students need to use it they'd have to convert it to fiat nonetheless, and the same could be said if they want to invest it. Still considering that it's for helping students, I hardly doubt they would actually let it stay as fiat and would instead use it to help in their studies and whatnot, investment fort yourself as they say.

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.

From the article, seems Bitcoin will distribute through "Bitcoin Toss". Just not getting the process of how these two participants will be selected from the beginning. However, this will introduce Bitcoin to more people, not only limited to the students. This giveaway will help expand Bitcoin use in the education sector. And day by day we may see more real uses of Bitcoin like we are seeing a few companies paying salary their employees. We know education is the backbone of a nation. So students will learn about Bitcoin from school life which will help massive adoption in near future.

Given how bad the US tuition fees are, I don't think that Bitcoin is the best thing to give to students especially with it's fluctuating value, it's difficult to rely on it as a form of insurance. Better assistance in my opinion is if they lower student loans or even remove it altogether since it's not like colleges can't function without them, I am studying in a free one so I don't think it's impossible.

^ It is a good investment as well, I saw even before there someone used BTC as a pension plan, it is quite risky but probably these people have seen the future that could be BTC will become the most expensive digital currency in the world. I saw a lot of people believe in BTC and now they are holding this for their better future. The benefit could be an assurance, that is financial assurance in the future, who know BTC will triple the price after 4 years come, just like what happened now that BTC price is quite expensive.

Insurance and investment at the same time, that amount of money might grow in value in the long run as the adoption continues. However, it could also be risky as the value could drop knowing how volatile the market is and how the whales are still in control to manipulate the market. It's more like a publication or something but anything involving bitcoin announced by influential people would only result in hype which would help to build a stronger future for the crypto market.

Honestly, there's not much difference in setting up a fiat for insurance and bitcoin, so it's not really huge news that would call the attention of the people.

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.

Today news quite amused me, based on Bitcoin Magazine:

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