MIT Project to distribute $500K to all undergrad students

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: rohan1 on April 30, 2014, 10:32:39 AM

The college students will be certainly future potential fans of the bitcoin. MIT did great job to popularize the cryptocurrency. Hope more university and college participate in similar projects.

We need to target elite institutions such as the Massachusetts Institute of Technology. Who knows, may be someone among the students might become the financial adviser to the POTUS in the future...

rohan1

newbie

Activity: 40

Merit: 0

The college students will be certainly future potential fans of the bitcoin. MIT did great job to popularize the
cryptocurrency. Hope more university and college participate in similar projects.

franky1

legendary

Activity: 4410

Merit: 4788

imagine it this way: before, the students who wanted to play around with merchant tools as part of web development projects, needed a creditcard processing service. which was not cheap to sign up to. so students only played around with shopping carts, databases and front-ends. never really learning the payment processing arena.

but now they can make their own payment processors, which are linked to other automated systems like making suppliers get paid automatically when stocks get low ( auto restock scripts ) so that merchants do not have to manually order supplies.

they can make paying salaries, commission, fee's automated.

imagine it, already compiled code where someone can open webstore and have it offer a affiliate/salesmen system that ensures stock is supplied, sales assistants/affiliates get paid, all with just an upload to a webserver.

this is going beyond just evolving shopping cart technology. this is making entire businesses more efficient.

.. or the students will just cash out and buy pizza and beer

jinjuro

hero member

Activity: 602

Merit: 500

Many of this students will know how great bitcoin is. Some would even buy more and other would create software or even promote it.

wachtwoord

legendary

Activity: 2324

Merit: 1125

This is a very clever project. I hope local networking effect do materialize.

crunchynut

full member

Activity: 238

Merit: 100

you pay $500k to promote a product to 4.9k poor college students? what a marvelous idea. at least 8% of them are african americans so nobody can say that bitcoin is only a get rich scheme run by white college kids.

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

This is really clever, and no I don't think there'll be massive dumps. It's MIT.

Dannie

legendary

Activity: 910

Merit: 1000

Quote from: friendlyelmo on April 30, 2014, 04:00:53 AM

Quote from: kwukduck on April 29, 2014, 09:52:16 PM

All that's going to happen is a massive dump by students.. Yes great initiative... We need more crashes.

Not necessarily. Overall, I think it's a good initiative. This reaches out immediately to 4900+ undergrads. If more universities do this, it could raise bitcoin awareness to the new working generation. Doesn't this sound like a bright future for bitcoin ahead? Just my thought.

The project not only gives bitcoin out to undergrads, it also educates and helps merchants to accept bitcoin around campus.

friendlyelmo

newbie

Activity: 6

Merit: 0

Quote from: kwukduck on April 29, 2014, 09:52:16 PM

All that's going to happen is a massive dump by students.. Yes great initiative... We need more crashes.

Not necessarily. Overall, I think it's a good initiative. This reaches out immediately to 4900+ undergrads. If more universities do this, it could raise bitcoin awareness to the new working generation. Doesn't this sound like a bright future for bitcoin ahead? Just my thought.

kwukduck

legendary

Activity: 1937

Merit: 1001

All that's going to happen is a massive dump by students.. Yes great initiative... We need more crashes.

durrrr

sr. member

Activity: 434

Merit: 251

hopefully this will gain as much good attention to bitcoin as i hope it will. i think it should and anyways will bring new users witch is always good

Sindelar1938

hero member

Activity: 490

Merit: 500

Fabulous initiative
These are some smart kids so hoping this will fuel innovation

hilariousandco

global moderator

Activity: 3990

Merit: 2717

Join the world-leading crypto sportsbook NOW!

Already posted here: https://bitcointalksearch.org/topic/free-btc-at-mit-589169

coindozer7

member

Activity: 71

Merit: 10

I just read a news on how MIT Bitcoin Club manage to raise $500K and distribute to all 4,528 students.
That's like $110 worth or 0.245 of Bitcoin (4/29 price)!
It's really cool what MIT Bitcoin enthusiasts are doing within the campus.
My cousin currently attends MIT and he'll get to own his first Bitcoin

Looking forward to more colleges do this.

http://www.coindesk.com/mit-students-distribute-500000-bitcoin-undergraduates

Topic: MIT Project to distribute $500K to all undergrad students (Read 909 times)