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Topic: Micro startup/investment class project/experiment in China - page 3. (Read 5250 times)

legendary
Activity: 1441
Merit: 1000
Live and enjoy experiments
It seems there are only 5 Bitcoin nodes in mainland China, excluding Hongkong and Taiwan.

http://maps.google.com/maps?q=https://smsz.net/btcStats/bitcoin.kml

I've been watching this map for a while now, the growth rate there is one of the lowest too. With active member like you, I'd expect more.
hero member
Activity: 602
Merit: 513
GLBSE Support [email protected]
So the college semester has begun, and I think I have done something cruel to my classes.

I have 3 English/Business major's and this semester I am doing something different with them.

I have given them a project, worth 35% of their final mark.


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.

Each company must have a CEO, the ceo's final mark is 100% related to the amount the company has, nothing else. So the CEO's success is connected to the success of the company.

Each company must have a CFO, this person is responsible for all the money, the are also responsible for paying staff (although the CEO decides what to pay). The CEO chooses the CFO, the CFO cannot be changed. Also the CFO gets paid.

Staff- everyone else is staff, they must get the companies to give them a job, every staff member must be paid each week. The staff negotiate with the CEO for their pay.

The CEO can hire and fire anyone(except the CFO, they're stuck with them) at anytime.

Non-CEO's mark for this project depends on how much btc they can earn before the end of the semester.

Anyone without a job when we have class(once a week) loses marks, not from their project but from participation(worth 40% of the final mark). Go unemployed for too long and they fail the class.

Companies can trade with each other, borrow, lend, beg, steal, I don't really care.

Each week the CEO must present a report on their company, how much the have, what they spent, who works there etc.


This does a few things, firstly it forces the CEO to push the company to succes, or they fail the class. This means they will fire staff who are lazy, try to hire good ones etc. Making sure lazy students are thrown out od the group

It forces lazy students to work hard, they can't stay in a company if they don't work and bring something to it. And they can't stay unemployed without failing the class.

And because they must get their BTC from outside China they will be forced to interact with others in English.

It also turns the class into something of a market, hopefully it will be great experience for all those involved.

I have 3 classes doing this, each class has about 100 students, which is split into 6 companies.

So I must opologise, over the next few weeks and months there will be an influx of users to the forums with quite poor English trying to do, what will most likely be fairly small amounts of business.

This is a kind of experiment, I want to see what kind of return I get if any, I also want to see what these kids do, and if they will make any kind of difference to the bitcoin economy.

What do you think?
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