Each MIT Undergraduate to Get $100 in Bitcoin as Part of Student Project

MIT29 Apr 2014 / Boston – Each of the 4,500-plus undergraduates at MIT will soon get $100 in bitcoin as part of a project launched by a pair of students who announced today that they’ve raised a half million dollars to fund the effort.

Organizers said they hope to establish “an ecosystem for digital currencies” at the Cambridge campus that will allow professors and researchers to study how students use bitcoin as well as to promote other academic and entrepreneurial activity around bitcoin.

The MIT Bitcoin Project is being led by Jeremy Rubin, a sophomore studying computer science at MIT , and Dan Elitzer, a first-year graduate student in MIT’s Sloan business school and president of the MIT Bitcoin Club, the students said in an announcement.

“Giving students access to cryptocurrencies is analogous to providing them with Internet access at the dawn of the Internet era,” said a statement from Rubin.

The duo said they have received more than $500,000 in pledges — primarily from alumni — to cover the $100 bitcoin handouts, which are scheduled to be distributed to undergraduates in the fall. The money will also fund other aspects of the project, including related “infrastructure” and informational activities….. Read more



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