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Author: Admin | 2025-04-28
The MIT Bitcoin Club was started by a group of students who are passionate about digital currency and often met up for events and discussions. One day they had an idea to see how people reacted to being given cryptocurrency — for free — way back in 2014.It was later deemed the MIT Bitcoin Project Experiment — the group looked to give away 100 Bitcoins that were worth around $100 at the time to every undergraduate student, looking to follow them in the time prior and see how people reacted.Would the test subjects (undergraduates) grow an interest in bitcoin and want to learn more, would they want to save it and invest more into it, or would they just want be happy they got a free $100 and go on to buy some beers and a meal for their self with the free bitcoin they received?Before we share with you the results of the experiment and let you in on what these students did with their new-found wealth back then, it is important to explain what Bitcoin is, or rather what it was back in 2014 when this experiment was conducted and how it worked to better understand how the participants and why they behaved as they behaved — as times were different back in the days of this experiment — bitcoin was fringe and nobody but geeks and sound-money advocates really knew about it."},"no_headings_message":"No headings were found on this page.","min_height":{"unit":"px","size":"","sizes":[]},"min_height_tablet":{"unit":"px","size":"","sizes":[]},"min_height_mobile":{"unit":"px","size":"","sizes":[]}}" data-widget_type="table-of-contents.default">Table Of ContentsTraveling Back in Time to 2014:Before getting
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