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MIT Bitcoin Project To Create Cryptocurrency Ecosystem, Give $100 Per Student

Posted by timothy on from the lighter-than-bills-for-the-bursar's-office-too dept.

rjmarvin (3001897) writes "Two MIT students have raised $500,000 to turn the campus into a cryptocurrency ecoystem, giving each MIT undergrad $100 in Bitcoin (or about 0.22 Bitcoins) starting next Fall. The MIT Bitcoin Project will make MIT the first physical location worldwide with widespread access to the digital currency. As of yet, there are no regulations governing how the students can use it."

2 of 107 comments (clear)

  1. This is MIT by kruach+aum · · Score: 5, Interesting

    More like they'll pool their money, buy components for and build a dedicated bitcoin harvester, invest their gains in more equipment, and virtuously circle their way to enough bitcoins to buy free weed for everyone, including the staff.

    1. Re:This is MIT by bobbied · · Score: 5, Interesting

      Yea, but they will run their mining operations in their dorm rooms and MIT lab computers which will increase the university's electric bill by thousands of dollars a month. In the end, the University will have paid for one HUGE pot party and the further decline of their student's potential. Then when they try to clamp down on the parasite electricity drain, it will be time to break out the riot gear.

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