That Time We Gave $500,000 in Bitcoin to College Kids…

Btchain

Dan Elitzer is the blockchain and digital identity lead at IDEO CoLab (a collaborative RD network) and the founder of the MIT Bitcoin Club; Jeremy Rubin is a Bitcoin Core developer and the co-founder of the MIT Digital Currency Initiative, the school’s in-house research effort aimed at the technology.

In this “Bitcoin Milestones” entry, Elitzer and Rubin recall their efforts as MIT students to boost bitcoin, using a mock interview with CoinDesk to tell the story of how they once distributed $500,000 in BTC to MIT’s entire undergraduate population.

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CoinDesk: Where did the idea for the MIT Bitcoin Project come from?

Jeremy: I started following bitcoin in late 2011. My sophomore fall, I did a hackathon project called Tidbit with some friends. Tidbit aimed to use browser-based bitcoin mining to replace online ad monetization, but that’s a different story.

About six weeks into the spring term, laying in bed one night, I was brainstorming project ideas for a class. I wanted to study the social implications of bitcoin. It just kind of came to me all at once: “I should give $100 in bitcoin


Read more ... source: CoinDesk

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