The Massachusetts Institute of Technology’s Bitcoin Club plans to distribute $100 worth of bitcoin to each of its 4,528 incoming undergraduates this fall, in an attempt to create an ecosystem for digital currencies at the institution. Club founder and president Dan Elitzer and sophomore Jeremy Rubin have raised more than $500,000 for the MIT Bitcoin Project from MIT alumni, as well as the Bitcoin community. Neither Rubin nor Elitzer has any connection to Bitcoin in any way. “Our investment is simply in our time, and belief in the benefits cryptocurrencies could bring to society,” said Rubin.
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