Starting this fall, every MIT undergrad will have at least $100 worth of Bitcoins to their name, thanks to a couple of students who've raised half a million to do so. But, they're not just doing it so their schoolmates can eat something other than ramen -- this is actually an official project by the school's Bitcoin Club, so professors and researchers from the institute can study how students spend their virtual money. This initiative, started by computer science sophomore Jeremy Rubin and MIT Bitcoin Club president Dan Elitzer, was funded by MIT alumni and people with vested interest in the currency. The two masterminds believe this move is necessary for MIT to continue being at the "forefront of emerging technologies." Rubin even said:
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Giving students access to cryptocurrencies is analogous to providing them with internet access at the dawn of the internet era.