Quote from: cosmicapex on June 26, 2014, 05:00:06 AM

Quote from: Harley997 on June 26, 2014, 03:36:28 AM

Quote from: LiteCoinGuy on June 22, 2014, 12:54:28 PM

Quote from: Harley997 on June 15, 2014, 05:16:15 PM

Quote from: Cryddit on June 15, 2014, 03:21:03 AM

Odds of an MIT student producing or using a new application or seeking a way to monetize something interesting? Maybe 5%.

Odds of a homeless shelter resident producing or using a new application or seeking a way to monetize something interesting? Maybe 0.0005%.

That's why.

That plus, in my experience at least, giving money to a homeless person usually results in the purchase of drugs and/or alcohol.

Giving a new kind of money to a college student would likely inspire ideas.

AND drugs... thats at least two things Cheesy

I don't think very much (if any at all) of the MIT bitcoin money will be used for (illegal) drugs. The students have too much to lose by risking using drugs while a student there.

The only reason the Bitcoin won't be used for drugs is because MIT students can already afford drugs and their dealers probably don't accept Bitcoin.

The notion that smart kids don't do drugs is laughable. Smart kids do the most drugs; they're smart enough to not get caught.

I would say that they are smart enough not to do drugs on campus and/or associate their drug use with their school.