21 Apr '17, 1pm

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

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

Dan Elitzer is a digital identity lead at venture R&D firm IDEO coLAB and the founder of the MIT Bitcoin Club. Jeremy Rubin is a Bitcoin Core developer and co-founder of the MIT Digital Currency Initiative. In this "Bitcoin Milestones " entry, Elitzer and Rubin recall their efforts as MIT undergrads 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. 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 wa...

Full article: http://www.coindesk.com/time-we-gave-500000-bitcoin-colle...

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via @CoinDesk

via @CoinDesk

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