With $500,000, 2 Students Hope to Make Bitcoin MIT’s Currency

By Megan O'Neil. Starting in the fall, undergraduates at the Massachusetts Institute of Technology will each receive $100 in Bitcoin—seed money meant to jump-start a campus digital-currency economy that can be engaged with and studied by students and faculty members alike. The project is being spearheaded by Jeremy Rubin, a sophomore studying computer science and electrical engineering, and Dan Elitzer, an M.B.A. student and the founder of the MIT Bitcoin Club. Together they have raised $500,000 from MIT alumni and members of the Bitcoin community. More...