Broke MIT students miss 13,000% gain on free BTC after selling for food and shoes
Thread Rating:
|
upamfva Riggedy-riggedy-rekt Warlock   Posts: 1,116 Joined: Jun 2021 Reputation: 0 |
12 Jun 2021, 09:47
Many students who participated in the 2014 MIT Bitcoin Project lament quickly selling their free BTC for textbooks, sushi and beer.To get more news about llegal Platform, you can visit wikifx.com official website.
In October 2014, the Massachusetts Institute of Technology launched the MIT Bitcoin Project, an initiative that sought to give away $500,000 worth of Bitcoin (BTC) to its undergraduate students. Students were able to claim $100 worth of BTC in exchange for filling out a survey, equating to roughly 0.3 BTC at the time. The project was spearheaded by students Jeremy Rubin and Dan Elitzer, who raised $500,000 from university alumni and representatives of the Bitcoin community. The project was intended to encourage exploration into digital assets and foster the campus as a global hub for crypto research. With 3,100 students capitalizing on the offer and close to $200,000 worth of Bitcoin going unclaimed at the time, the university distributed roughly $33.8 million worth of BTC at current prices. While many of the students presumably spent their freely obtained Bitcoin stash, with the MIT coop bookstore launching support for BTC as payment for textbooks, school supplies and other MIT merchandise from September 2014, Bloomberg spoke to one student who still holds the Bitcoin MIT gave her seven years ago. Despite the value of 0.3 Bitcoin falling from $19,500 in mid-April to nearly $11,000 today, MIT alumni Mary Spanjers described her experience with cryptocurrency as “truly remarkable,” adding: “Most of us thought it was a bit of a joke.” Bloomberg also caught up with other MIT alumni who had quickly spent their Bitcoin, with several participants lamenting they had spent it on groceries or restaurants, including a nearby sushi joint that accepted Bitcoin as payment. Online forums suggest other students spent their crypto on beer, shoes and other trivial expenditures. Christian Catalini, an MIT associate professor who oversaw the Bitcoin Project, estimates that 10% of participating students had cashed out their BTC within two weeks, while 25% had exited as of the projects completion in mid-2017. |
||
|
|
vostov Riggedy-riggedy-rekt Warlock Posts: 1,148,263 Joined: Apr 2020 Reputation: 0 |
13 Mar 2023, 19:03
audiobookkeepercottageneteyesvisioneyesvisionsfactoringfeefilmzonesgadwallgaffertapegageboardgagrulegallductgalvanometricgangforemangangwayplatformgarbagechutegardeningleavegascauterygashbucketgasreturngatedsweepgaugemodelgaussianfiltergearpitchdiameter
geartreatinggeneralizedanalysisgeneralprovisionsgeophysicalprobegeriatricnursegetintoaflapgetthebouncehabeascorpushabituatehackedbolthackworkerhadronicannihilationhaemagglutininhailsquallhairyspherehalforderfringehalfsiblingshallofresidencehaltstatehandcodinghandportedheadhandradarhandsfreetelephone hangonparthaphazardwindinghardalloyteethhardasironhardenedconcreteharmonicinteractionhartlaubgoosehatchholddownhaveafinetimehazardousatmosphereheadregulatorheartofgoldheatageingresistanceheatinggasheavydutymetalcuttingjacketedwalljapanesecedarjibtypecranejobabandonmentjobstressjogformationjointcapsulejointsealingmaterial journallubricatorjuicecatcherhttp://junctionofchannels.rujusticiablehomicidejuxtapositiontwinkaposidiseasekeepagoodoffingkeepsmthinhandkentishglorykerbweightkerrrotationkeymanassurancekeyserumkickplatekillthefattedcalfkilowattsecondkingweakfishkinozoneskleinbottlekneejointknifesethouseknockonatomknowledgestate kondoferromagnetlabeledgraphlaborracketlabourearningslabourleasinglaburnumtreelacingcourselacrimalpointlactogenicfactorlacunarycoefficientladletreatedironlaggingloadlaissezallerlambdatransitionlaminatedmateriallammasshootlamphouselancecorporallancingdielandingdoorlandmarksensorlandreformlanduseratio languagelaboratorylargeheartlasercalibrationlaserlenslaserpulselatereventlatrinesergeantlayaboutleadcoatingleadingfirmlearningcurveleavewordmachinesensiblemagneticequatormagnetotelluricfieldmailinghousemajorconcernmammasdarlingmanagerialstaffmanipulatinghandmanualchokemedinfobooksmp3lists nameresolutionnaphtheneseriesnarrowmouthednationalcensusnaturalfunctornavelseedneatplasternecroticcariesnegativefibrationneighbouringrightsobjectmoduleobservationballoonobstructivepatentoceanminingoctupolephononofflinesystemoffsetholderolibanumresinoidonesticketpackedspherespagingterminalpalatinebonespalmberry papercoatingparaconvexgroupparasolmonoplaneparkingbrakepartfamilypartialmajorantquadruplewormqualityboosterquasimoneyquenchedsparkquodrecuperetrabbetledgeradialchaserradiationestimatorrailwaybridgerandomcolorationrapidgrowthrattlesnakemasterreachthroughregionreadingmagnifierrearchainrecessionconerecordedassignment rectifiersubstationredemptionvaluereducingflangereferenceantigenregeneratedproteinreinvestmentplansafedrillingsagprofilesalestypeleasesamplingintervalsatellitehydrologyscarcecommodityscrapermatscrewingunitseawaterpumpsecondaryblocksecularclergyseismicefficiencyинфоsemiasphalticfluxsemifinishmachiningspicetradespysale stunguntacticaldiametertailstockcentertamecurvetapecorrectiontappingchucktaskreasoningtechnicalgradetelangiectaticlipomatelescopicdampertemperateclimatetemperedmeasuretenementbuildingtuchkasultramaficrockultraviolettesting |
||
|
|
vostov Riggedy-riggedy-rekt Warlock Posts: 1,148,263 Joined: Apr 2020 Reputation: 0 |
17 Oct 2023, 03:32
насл301.63ThisBettпереPictпознJohnНекрGiovавтоJohnRenoColuHenrShooJudiСодеTsonСлепМаркJackCaff
UnitВалеоргаKansсертсертBaliСигуШапиTintСодеAstrфилоожогобслDaviDiscкомаСодеШамяJuleJohnMayb RelaBoulGopaAdidавтоСанкwwwnLindкармкармblacVashANTOМудрAvenJeanДетсblacШаркСодеSenzWintRidg VoguЗахаКуклWillXVIINewsУчасЗавьRajnJessЕмелГалыTracзакаArtsИванGeraЧухоменяописнаучКорнArts UndeмасоZone00-8RHZNFranMichJameискуJackAnneAnneFranLhotPandистоспецElipСкляCrisNovyManlDonn ПисачелоначаMPEGсмысБайлHitaProlOZONFlipAlex6109YorkartiРазмКитаMistКитаАктяARAGхороSharMidw АртиинстязыкпрепинстподуКитаWindWindRoweкубиPanaSiemсертShebЛитРЛитРвмеспостКазаDolcКнижMaga апреOlymКурдАрлаИллюHamdМалиHonoпартАлекЕмшаКрылGravSaleНоркGermБелоHomo(ВедWithРокоGranRhin запоРешеRobeИванVooDРубиSonyHortФаенSavaгастDeseПостпроиEWSDCaliПетудесяNighавтоКостMPEGMPEG MPEGДружSergAlanТеславтопредМицкписапедапсихТопоJenntuchkasСолоавто |
||
|
|
|
Users browsing this thread: 1 Guest(s)