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
Cool Gadgets, Gizmos, Games and Geek Stuff on Technabob
VISIT OUR OTHER SITES: THE AWESOMER | 95OCTANE

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]

Deals in The Technabob Shop



LEGO Spiral Train Tower

LEGO Spiral Train Tower

Tetra Countertop Dishwasher

Tetra Countertop Dishwasher

What Dogs See on TV

What Dogs See on TV

Advertisement
2017 Jeep Compass Limited 4×4 Review: True North

2017 Jeep Compass Limited 4×4 Review: True North

BMW Attempts Car-to-Car Refueling for World’s Longest Drift

BMW Attempts Car-to-Car Refueling for World’s Longest Drift

3E-D18 Robotic Concept Is an Autonomous, Off-road Workhorse

3E-D18 Robotic Concept Is an Autonomous, Off-road Workhorse