Bitcoin @ MIT | Bitcointalksearch.org

Benjig

sr. member

Activity: 462

Merit: 250

Quote from: bitsmichel on May 03, 2014, 07:58:43 PM

I watched the whole conference. If you want a brief summary (or video link) check bitprize.org
In general there were 4 topics: intro, legal and technical. The last part shows a starting information on how to make bitcoin products/services, which is the most interesting. If you are in the US, then the legal part is also very interesting

Price influence is long term. From a presentation:

We are now in the early adaptors phase according to one of the presenters, so we are in the investors, crypto-anarchists or the creators. If you are a day trader this has no influence.

Very nice, i think i were in the cripto anarchist phase in mid 2013 when bitcoin was 100 usd because some people made fun of me for having coins

, any time before 2013 was the tech entusiast

negafen

full member

Activity: 218

Merit: 101

Quote from: jwcastle on May 24, 2014, 10:22:51 AM

Having a highly prestigious university such as MIT speak about bitcoins is very significant in terms of the worldview. This is reason why I suspect that the value of bitcoins increased 25% within the last three weeks.

Anyone from just about anywhere in the world probably has heard of MIT.

Who is MIT?

jwcastle

member

Activity: 117

Merit: 10

Having a highly prestigious university such as MIT speak about bitcoins is very significant in terms of the worldview. This is reason why I suspect that the value of bitcoins increased 25% within the last three weeks.

Anyone from just about anywhere in the world probably has heard of MIT.

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: Ron~Popeil on May 24, 2014, 12:58:03 AM

Quote from: Snax on May 04, 2014, 03:09:53 PM

Quote from: waldox on April 30, 2014, 06:35:14 PM

mit is the leading technology school in the world

Excuse the fuck out of me, but have you heard of CalTech which consistently ranks higher than MIT?

So much MIT fanboy dick-hoping here, jesus control your tits everyone.

Yeah we are all MIT fanboys. Never mind that the story we are discussing is happening at MIT. Roll Eyes

lol.... Snax had his 2 minutes of fame. Now we can all add his name to the ignore list. And WTF CalTech has to do with the Bitcoin give-aways? Who cares whether they rank better than the MIT or not? CalTech fanboys can suck Buffet's ####. Grin

Ron~Popeil

sr. member

Activity: 406

Merit: 250

Quote from: Snax on May 04, 2014, 03:09:53 PM

Quote from: waldox on April 30, 2014, 06:35:14 PM

mit is the leading technology school in the world

Excuse the fuck out of me, but have you heard of CalTech which consistently ranks higher than MIT?

So much MIT fanboy dick-hoping here, jesus control your tits everyone.

Yeah we are all MIT fanboys. Never mind that the story we are discussing is happening at MIT. Roll Eyes

wesk1212

full member

Activity: 486

Merit: 100

Quote from: Snax on May 04, 2014, 03:09:53 PM

Quote from: waldox on April 30, 2014, 06:35:14 PM

mit is the leading technology school in the world

Excuse the fuck out of me, but have you heard of CalTech which consistently ranks higher than MIT?

So much MIT fanboy dick-hoping here, jesus control your tits everyone.

Wow college ranking. yup thats so significant

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: Crindon on May 19, 2014, 01:20:32 AM

It's interesting what MIT is doing. I don't think it will substantially raise the price, but it is good all around for the community. There needs to be bigger projects to impact the price.

The MIT project was aimed to popularize Bitcoin. Raising the exchange rates was not one of its objectives. Once Bitcoin gets popular among the general population, the exchange rate will automatically increase.

Crindon

sr. member

Activity: 434

Merit: 250

It's interesting what MIT is doing. I don't think it will substantially raise the price, but it is good all around for the community. There needs to be bigger projects to impact the price.

Catastrough

newbie

Activity: 62

Merit: 0

Though I do think that it would be very interesting to do 'Bitcoin MIT' in the equivalent university in the UK, Germany, China, India and so forth. If we want Bitcoin to become truly global, and not just an American phenomena that is.

UglyTroll

newbie

Activity: 28

Merit: 0

Come on man, don't be jealous, haha

Snax

newbie

Activity: 54

Merit: 0

Quote from: waldox on April 30, 2014, 06:35:14 PM

mit is the leading technology school in the world

Excuse the fuck out of me, but have you heard of CalTech which consistently ranks higher than MIT?

So much MIT fanboy dick-hoping here, jesus control your tits everyone.

upal

full member

Activity: 165

Merit: 102

If u missed the show, watch out here => https://www.youtube.com/watch?v=tqlvk51uS1M

bitsmichel

sr. member

Activity: 518

Merit: 250

I watched the whole conference. If you want a brief summary (or video link) check bitprize.org
In general there were 4 topics: intro, legal and technical. The last part shows a starting information on how to make bitcoin products/services, which is the most interesting. If you are in the US, then the legal part is also very interesting

Price influence is long term. From a presentation:

We are now in the early adaptors phase according to one of the presenters, so we are in the investors, crypto-anarchists or the creators. If you are a day trader this has no influence.

Pony789

hero member

Activity: 882

Merit: 1000

Quote from: bryant.coleman on May 03, 2014, 12:22:23 AM

Right now there are less than 1,000,000 people who own Bitcoins (and a very large part of them have less than BTC0.01 each). Adding 4,000-5,000 people to this pool is very impressive growth. Grin

And those 5000 people are *hopefully* smart and well-educated.

lyth0s

legendary

Activity: 1260

Merit: 1000

World Class Cryptonaire

Yeah I think the additional benefit from possibly creating a micro bitcoin environment is that these students may very well create new innovations and services that are bitcoin based. MIT doing this could very well be the beginning of something big

tabnloz

legendary

Activity: 961

Merit: 1000

I think it is a very smart initiative from the 2 MIT guys.

Borrowing from the facebook example (where it gained traction on campus before hitting the wider public), this gets a whole lot of Next Gen kids not only into the possibilities of bitcoin, but, as said upthread, it should create a bitcoin based economy in the MIT area. Then of course, there are the long term benefits where the new users innovate the shit out of the space.

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Right now there are less than 1,000,000 people who own Bitcoins (and a very large part of them have less than BTC0.01 each). Adding 4,000-5,000 people to this pool is very impressive growth. Grin

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

Quote from: ndonnard on May 02, 2014, 03:45:49 AM

That experiment with micromodel of bitcoin-based economy MIT undergrads launched seems really brilliant. Hope the results will be good.

It is almost impossible for the results to be bad. What is the worst case scenario? If every single person sold off their holding at the same time, it still would not be enough to even impact the prices at all. On the flip side, introducing BTC to probably the heaviest concentration of geniuses, can only result in some good results...

JazzCouncil

newbie

Activity: 87

Merit: 0

"Students can cash out their Bitcoins if they like, and the project intends to have some mechanism for them to readily buy their way back in."
http://venturebeat.com/2014/04/29/mit-is-about-to-become-the-worlds-first-bitcoin-economy/

SO glad to see this. Perhaps the distribution will skew to current Bitcoiners who buy it up from their classmates, but maybe less than expected if there's an "official" alternative that the students know is available should they want to offload them without any trouble, and simultaneously a means for them to get back in if and when the buzz really catches on.

ndonnard

member

Activity: 109

Merit: 10

That experiment with micromodel of bitcoin-based economy MIT undergrads launched seems really brilliant. Hope the results will be good.

TrailingComet

sr. member

Activity: 462

Merit: 250

Longer term impact may be to get some very bright MIT undergrads interested in innovating in the ecosystem

TrailingComet

sr. member

Activity: 462

Merit: 250

None whatsoever, we are talking about 4,000 coins
Drop in the ocean

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

No impact on price whatsoever because it was such a small amount of money used to buy the BTC for all the undergrads. What will be more interesting are the business and products that get invented out of those students, because MIT has some of the brightest people on the planet.

DeboraMeeks

hero member

Activity: 588

Merit: 500

Quote from: CoinRocka on April 30, 2014, 06:14:02 AM

You should be a millionaire by Monday.

I wish, the price wont budge much.

waldox

sr. member

Activity: 252

Merit: 250

the next generation adopting bitcoin is a great sign.
mit is the leading technology school in the world
they are the future tech executives and decision makers
this is a great sign

jamesc760

sr. member

Activity: 448

Merit: 250

I think it's an exciting news, needs to be posted across the Interweb more. Nerds rule!

SomethingElse

full member

Activity: 210

Merit: 100

Looking for the next big thing

It is very exciting because instead of bitcoin getting a random bakery in London and then 5 kilometers down the road a beer joint accepting bitcoin, in Boston every store with in a couple of square miles will accept bitcoin. It will be the first time bitcoin has successfully developed and existed in its own little micro-economy. If the MIT experiment works, the is the first real step to Bitcoin being a real currency verses a payment system or commodity.

rickmontier

newbie

Activity: 11

Merit: 0

There will be impact on long term plan do not expect anything fast

CoinRocka

sr. member

Activity: 249

Merit: 250

You should be a millionaire by Monday.

ndnh

legendary

Activity: 1302

Merit: 1005

New Decentralized Nuclear Hobbit

Any impact on price?? Wink

Topic: Bitcoin @ MIT (Read 2586 times)