Over 4500 MIT undergrads can now get their $100 worth of bitcoin

The MIT Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Club has announced that undergrads can now get a hold of their $100 worth of bitcoin by signing up for the MIT Bitcoin project.

The project was announced in April and has raised $500,000, roughly equal to the total amount of bitcoin being dispensed, from university alumni and Bitcoin community members.

In a sense, students have gained by the price drop since the announcment. They were guaranteed to receive a fixed dollar-based amount of bitcoin, so now they'll be getting more bitcoins. April was a volatile month: prices ranged as high as $555 and as low as $340 (~ today's price) on BTC-e. Based on today's price, each student gets about 0.294 BTC.

The project is 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 Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term where Bitcoin-related research, ideas, and ventures are studied, discussed, and developed."