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Broke MIT students miss 13,000% gain on free BTC after selling for food and shoes

Published 06/07/2021, 01:01 AM
Updated 06/08/2021, 03:00 AM
Broke MIT students miss 13,000% gain on free BTC after selling for food and shoes
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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.

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