MIT's Bitcoin club is launching a new project that will give each undergrad $100 in Bitcoin, beginning in the Fall semester.
The club has already raised $500,000 in Bitcoin to fund the project and hopes it will help encourage students and local businesses to not only adopt the currency but use it in new and innovative ways.
The two students who have spearheaded the project, Jeremy Rubin and Dan Elitzer, liken it to giving students Internet access 20 years ago.
"It's easy for people who haven't actually looked at the technology and started to understand it — they can grasp he scary things like Mt. Gox disappearing but really understanding the powers to do good is a lot harder," Dan Elitzer, the club's founder and president told Mashable. Read more...
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