Actually I'm doing this for some selfish reasons.
My students are ok, but lazy. This caused me a lot of work last semester and I'm a little anonyed at them. I worked hard preparing lessons and they often had no interest or made no effort.
For group projects there were some who worked and other who didn't. I hate this.
So I wanted to force them to do as much work as possible, as revenge. But at the same time cut down on the time I need to prepare for each class. With this way the students do the work not me HAHA.
I also want to make a kind of guaranteed investment. Even if it's small. So what better way to make the investment work than by academic fiat. Those who make a return pass the class, those who don't fail. It also means that they must come to class otherwise they lose a lot of marks.
And on top of that it will spread the information about bitcoin.
Topic: Micro startup/investment class project/experiment in China - page 2. (Read 5250 times)
This is borderline psychological experiment.
you could do this next semester... however team up with the psychology people in your uni!
could kill two birds with one stone. 
Good stuff! I wish there would be more enlightened professors like you all around the world.
He's not a Proffesor, he's an evil mastermind. and lecturer.
It'd be great if more bitcoiners were in a position to do something like this. I might try suggesting a competition on other forums I'm involved with. Merely a challenge to make as many bitcoins as possible in a month. Winner is the Winner, all participants of course get whatever bitcoins they managed to get. No venture capital as the world is your oyster. Fight!
This is borderline psychological experiment.
Yes this is where I got my forum name. I think it is sad that Toy Story 3 won the award and not Despicable me.
I really like that movie.
I really like that movie.
I have 3 English/Business major's and this semester I am doing something different with them.
...
They must form a bitcoin company.
I give the company 2BTC as a startup fund
To pass the company must have over 8BTC at the end of the semester
Extra marks are given for anything over this amount.
...
They must form a bitcoin company.
I give the company 2BTC as a startup fund
To pass the company must have over 8BTC at the end of the semester
Extra marks are given for anything over this amount.
I think this is a fantastic idea, and I look forward to seeing the experiment unfold! Do they get to keep the BTC they earn?
I will get my initial "investment" back, plus 25% of anything else they make, the rest is theirs.
Evil. Mwa-hahahah.
Is this even legal in China? 0.0
Well, bitcoin itself, being used as a currency for normal goods and services in China no it's not.
Giving students "play money" to "trade" with each other and with foreigners online for educational purposes I think is ok. Anyway, it would take the government to come out and specifically state "You can't use this" to make it illegal. As long as I'm not operating an exchange(which I no longer do
) then it's fine.
Is this even legal in China? 0.0
here goes your anonymity
Possibly. However I still have a chance, unless someone is actually looking for me and questioning the students as they start showing up on the forum.
Oh, I had assumed that they were going out in the wild. If they are just trading with each other, the amount of money is irrelevant.
Exactly, but at the same time, they're going to be trying to offer goods or services to those on this forum.
I gave them 2BTC, their company needs 8BTC to pass, they're not going to get this just trading with each other. At least not without most companies losing and only one winning, which may happen.
I have no idea what they're going to come up with. But one thing is for sure, a good few of them will be on here.
Oh also, this won't expand nodes in China, at least not yet as they will be using mybitcoin accounts at first. Most of these kids don't have computers, they'll be using the college libraries.
Oh, I had assumed that they were going out in the wild. If they are just trading with each other, the amount of money is irrelevant.
2 BTC is an awfully tight budget... One small mistake could cost them their entire company. That's a hard assignment.
Not really, the startup capital is to allow a market environment to develop in the class. Staff would be paid 0.0001BTC a week or something like that. Of course this will trend upwards for the best staff, and downwards for the worst. So it could be 1,100,1000,or 10,000BTC it doesnt matter. The companies would be able to pay each other to do work.They can also beg or borrow from each other. With the exception of the CEO's and CFO's not being able to leave the company it's a completely free market, with no rules only that those with more money win.
They probably wont be spending the btc to the west but among each other.
As for when I will be starting, today already. I've already introduced the whole idea to two classes, one seemed interested, the other not so much. It seems that they're put off by how difficult it will be for them more than anything. The next class will be tomorrow.
2 BTC is an awfully tight budget... One small mistake could cost them their entire company. That's a hard assignment.
25% seems a bit much, but I like this idea. Did you already start this? I want to know how it goes.
It's high-risk venture capital. 25% is not a lot.
25% seems a bit much, but I like this idea. Did you already start this? I want to know how it goes.
I have 3 English/Business major's and this semester I am doing something different with them.
...
They must form a bitcoin company.
I give the company 2BTC as a startup fund
To pass the company must have over 8BTC at the end of the semester
Extra marks are given for anything over this amount.
...
They must form a bitcoin company.
I give the company 2BTC as a startup fund
To pass the company must have over 8BTC at the end of the semester
Extra marks are given for anything over this amount.
I think this is a fantastic idea, and I look forward to seeing the experiment unfold! Do they get to keep the BTC they earn?
I will get my initial "investment" back, plus 25% of anything else they make, the rest is theirs.
What do you think?
So you're a professor at a university in China?
Yes and no. I'm not a professor(professors do research), I just teach at a university. I develop the materials and classes, I'm certainly the bes English teacher here at least.
I have 3 English/Business major's and this semester I am doing something different with them.
...
They must form a bitcoin company.
I give the company 2BTC as a startup fund
To pass the company must have over 8BTC at the end of the semester
Extra marks are given for anything over this amount.
...
They must form a bitcoin company.
I give the company 2BTC as a startup fund
To pass the company must have over 8BTC at the end of the semester
Extra marks are given for anything over this amount.
I think this is a fantastic idea, and I look forward to seeing the experiment unfold! Do they get to keep the BTC they earn?
What do you think?
So you're a professor at a university in China?
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