MIT’s Bitcoin Club To Give $100 In BTC To Every Student

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YOU get bitcoin! And YOU get bitcoin. In fact, everyone at MIT gets bitcoin. Two ambitious MIT students, CS sophomore Jeremy Rubin and MBA candidate Dan Elitzer, have raised over $500,000 so that all 4,528 undergrads at MIT can have $100 worth of BTC. Why? They want to educate MIT students about cryptocurrencies and get all on-campus merchants bitcoin ready by next year.

The Elitzer is the head of MIT’s Bitcoin Club and is working on educational opportunities as well as merchant adoption so that everyone at MIT can use their bitcoin on campus.

“Bitcoin and related cryptocurrencies pave the way for personal data to be recognized as a new digital asset class. The MIT Bitcoin Project is a truly exciting venture that will provide the foundation for research into other classes of digital assets,” said one of the supporters, Thomas Hardjono, executive director of the MIT Kerberos & Internet Trust Consortium, in a release.

Students will receive their bitcoin next fall which should be enough time for the campus to become bitcoin compliant. The goal is to create a test-bed for bitcoin activity on campus and spread its use among the cream of the technical intelligentsia. Plus how badass would it be to pick up some 40s and some ‘za with a little of the old Dogecoin?

You can read a bit more about the plan here or wait until next fall when bitcoin becomes the currency of choice for the Cantabrigian nerd at play.