Tag Archives: Bitcoin

Bitcoin for Undergrads, Wall Street’s Next Pump-and-Dump

Bitcoin for Undergrads, Wall Street’s Next Pump-and-Dump
The story was everywhere last week: MIT undergraduates will each receive $100 in Bitcoin when they arrive on campus next fall. The gift comes thanks to an affluent donor and two precocious student entrepreneurs — one a sophomore computer science major, the other a first-year Sloan MBA student and president of the MIT Bitcoin Club. The coverage was predictably gee-whiz. Read more

The Paper Chase

The Paper Chase
The recent speculative euphoria on Bitcoin has been accompanied by a wave of media reports on cryptocurrency, most of which seem to assume that the existence of non-government-issued currency is unprecedented. In one sense, they are correct and Bitcoin certainly is something new: Of all the alternative and local currencies that have circulated in the U.S. and beyond, none of them have ever connected so many geographically distant individuals ... Read more

Bitcoin for activists — what you need to know

Bitcoin for activists — what you need to know
Among activists one often finds an aversion to even thinking about money. Associating it with the opponent — who has lots of it — they try to do without money themselves. Often, for as long as they can, they try to organize and resist without it, until burning out, quitting and getting into a different line of work just to keep up on rent. But, as the 19th-century U.S. populist movement recognized, money is also a battleground. Today, as a ... Read more