Broke MIT students miss 13,000% gain on free BTC after selling for food and s...

Broke MIT students miss 13,000% gain on free BTC after selling for food and s...

Many students who participated in the 2014 MIT Bitcoin Project lament quickly selling their free BTC for textbooks, sushi, and beer. In October 2014, the Massachusetts Institute of Technology (MIT) launched the MIT Bitcoin Project, an initiative that sought to give away $500,000 worth of Bitcoin to its undergraduate students.Students were able to claim $100 worth of BTC in exchange for filling out a survey, equating to roughly 0.3 BTC at the time. The project was spearheaded by students Jeremy Rubin and Dan Elitzer, who raised $500,000 from university alumni and representatives of the....


Related News

Chicago Students Get Free BTC For Educational Purposes

The Blockchain Education Network (BEN) has announced a Bitcoin airdrop to four Chicago Universities today. This year BEN’s “Back-to-School Blockchain Initiative” has spread to more cities than ever before to show students the power of cryptocurrency. Chicago College Students Get A Free Taste of Bitcoin. The first bitcoin airdrop experience initiated in....

MIT Bitcoin Project Goes Live, Offers $100 of Free Bitcoin to Undergrads at MIT

Remember the interesting news item this year that all MIT (Massachusetts Institute of Technology) undergraduate students would received $100 of bitcoin for free? Well, we haven't heard a whole lot about it, but the project has officially gone live. It's spearheaded by the MIT Bitcoin Project and somewhat mysteriously financed, but the 4500+ students at the school are able to easily pick up their bitcoins, which they can then convert to U. S. dollars, or more preferably, spend at bitcoin-accepting locations in the MIT area (which is a growing bitcoin hot spot). In order for students at the....

Keene, N.H. Food Truck Features Vietnamese Food, Accepts Bitcoin

A food truck that specializes in Vietnamese, French and vegetarian food in Keene, N.H. accepts bitcoin, according to Free Keene, a pro-decentralization and pro-bitcoin organization in New Hampshire, a very independence-minded state in the U.S. The food truck features a bitcoin sign and may be the first food truck in the U.S. to accept bitcoin. Bon Vivant – Gourmet Street Food operated by entrepreneur Isabelle Rose offers Vietnamese, French and vegetarian fare and is open Wednesday through Sunday from 11 a.m. to 7 p.m. Rose began making Vietnamese food for the local farmers market in 2009.....

Out of Thousands of MIT Students That Got Free Bitcoin in 2014 – 6 Year Holde...

Over six years ago, at the Massachusetts Institute of Technology (MIT), a couple of scholars distributed $100 in bitcoin to 3,100 students. According to testimony from a few participants who held the leading crypto asset since then, the students netted 13,000% in profit. MIT Grad Who Made 13,000%: ‘Most of Us Thought It Was a Bit of a Joke’ For a very long time now, MIT has been experimenting and supporting bitcoin (BTC), the leading crypto asset in terms of market capitalization. In 2014, two computer science students Dan Elitzer and Jeremy Rubin distributed $100 worth of BTC....

Princeton University and Coursera Launch Free Online Course on Bitcoin and Cryptocurrencies

A Princeton University free online course on "Bitcoin and Cryptocurrency Technologies" will be offered by Coursera beginning September 4, 2015. Coursera is an online education platform for Massive Open Online Courses (MOOCs), which partners with top universities and organizations worldwide, to offer courses online for anyone to take for free. MOOCs give anyone, anywhere, the possibility to acquire a world-class education. Courses include video lectures, exercises and online interaction with teachers and other students. Some courses offer certification as well. The Princeton Bitcoin course....