This fall, Bitcoin is going to get a big boost from a project of the MIT Bitcoin club, which plans to distribute $100 worth of the digital currency to every undergrad at the school.
From MIT:
Two MIT students have raised half a million dollars for a project to
distribute $100 in bitcoin to every undergraduate student at MIT this
fall. Jeremy Rubin, a sophomore studying computer science at MIT, and Dan
Elitzer, founder and President of the MIT Bitcoin Club and a first-year
in the MBA program at MIT Sloan, have undertaken an ambitious project
aimed at creating an ecosystem for digital currencies at MIT. Plans for
the MIT Bitcoin Project involve a range of activities, including working
with professors and researchers across the Institute to study how
students use the bitcoin they receive, as well as spurring academic and
entrepreneurial activity within the university in this burgeoning field.
Through the MIT Bitcoin Project, Rubin and Elitzer aim to help MIT
continue its long tradition as the preeminent educational institution at
the forefront of emerging technologies, and establish MIT as a global
hub where Bitcoin-related research, ideas, and ventures are studied,
discussed, and developed. The bulk of funding for the project is being
provided by MIT alumni with significant additional support from within
the Bitcoin community. The total of over $500,000 already pledged will
cover the distribution of bitcoin to all 4,528 undergraduates, as well
as infrastructure and informational activities related to the
initiative.
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