X

This website uses cookies.

This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy.

I agree
Learn More
Great Geek Gifts in the Technabob Shop!Get Technabob Daily: Join our Mailing List! | Follow Us: Facebook | Twitter
Awesomer Media Sites: THE AWESOMER | MIGHTYMEGA | 95OCTANE
subscribe to our rss feedsubscribe via e-mailfollow technabob on twittertechnabob facebook fan pageGoogle+follow us in feedly
Follow Us:
Cool Gadgets, Gizmos, Games and Geek Stuff on Technabob

MIT Undergrads to Receive Bitcoins: College Currency

by Range
Advertisement

Starting next fall, new MIT undergrads will each be receiving $100 worth of bitcoins. This is thanks to the efforts of the MIT Bitcoin club, which wanted to jumpstart a Bitcoin ecosystem.

bitcoin-mit

The project was started by Jeremy Rubin and Daniel Elitzer, who have raised more than $500,000 for their endeavor. Most of this money comes from Alexander Morcos, an MIT alum working in high-frequency trading in New York.

The cryptocurrency is still trying to gain legitimacy in some circles, while it’s accepted in others. This project could boost the infrastructure of the currency, making it more widely accepted. Bitcoin values go up and down quite significantly, so we’ll have to see how well this project does next semester at MIT, and what impact if any it has on its value.

[via The Guardian]

Hot Deals in the Technabob Shop:



Comments are closed for posts older than 90 days.

More from Awesomer Media...

Handheld Electric Inflator

Handheld Electric Inflator

Sven Helbig: Abendglühen

Sven Helbig: Abendglühen

Brabus W 213 is a Gussied-up Mercedes E Class

Brabus W 213 is a Gussied-up Mercedes E Class

Tesla P100D Ludicrous + Mode Is Insanely Fast

Tesla P100D Ludicrous + Mode Is Insanely Fast

Lexus Teams up with Luc Besson for the Car of the 28th Century

Lexus Teams up with Luc Besson for the Car of the 28th Century

Ninja Turtle Robe with Interchangeable Masks

Ninja Turtle Robe with Interchangeable Masks

Advertisement