Broke MIT students miss 13,000% gain on free BTC after selling for food and shoes
In October 2014, the Massachusetts Institute of Technology (MIT) launched the MIT Project, an initiative that sought to give away $500,000 worth of Bitcoin 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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