The assorted fiat pretenders claiming to be the MIT Administration have set up systems aiming to control discussions on campus regarding Bitcoin. After appointing Brian Forde, a known USG agent, (archived) to be the leader of an alleged "Digital Currency Initiative" the institution has done nothing but actively attack the Bitcoin project from a position of ignorance. MIT has long standing relationships with many of the powerful groups in the fiat currency empire, and it stands to reason that these same groups that provide funding to MIT are likely to have massive incentives to see the Bitcoin project crippled.
In an effort to demonstrate their power to the students of MIT, the administration offered $100 worth of Bitcoin to every undergraduate in 2014. At the time, this amounted to approximately .290 Bitcoins per student. With roughly 4,500 undergraduates, this was MIT's way of showing that they were in a position to easily let go of about 1,300 Bitcoins then.
In addition to their attempt to make students brush off Bitcoin by giving out IOUs for free, MIT has also set up a pathetically managed course titled "Blockchain Technologies: Decentralize all the Things". If the name didn't give away the cognitively handicapped nature of the material, then the syllabus (archived) should. The course was partly run by a Circle operative named Anders Brownworth, who confidently1 informed the class that the reason for the fiat exchange price spike to ~$500 on Wednesday November 4th was due to the Russian ponzi schemer Sergey Mavrodi. This, coupled with repeated and relentless efforts to push both the need for a hardfork and various scams such as Stellar and Ethereum, raises many questions about the intentions and/or intelligence of the "professors" running the course.
MIT's hostile actions towards Bitcoin don't by any means stop there. As Qntra has previously reported, MIT has hired other USG operatives (such as Gavin Andresen) to work full time on any project that will manage to break consensus by splitting the main chain into two. The infiltration has even reached the student level; undergraduate Jonathan Harvey Buschel runs a Bitcoin club that meets on Wednesdays to discuss uninteresting topics such as Is Segregated Witness the Answer to Bitcoin’s Block Size Debate? In the one and only meeting that I personally attended, Jonathan cut off discussion about Bitcoin proper to spend time discussing the advantages of the Ethereum scam.
It is important that students at MIT realize the misalignment in the goals of their failed institution and Bitcoin. Students are advised to send any coins previously promised to them to an address where they are the sole owner of the private key and verify that the coins have in fact been transmitted by running a sane Bitcoin client.
in the absence of actual information ↩
In fact, MIT is a hedge fund. The campuses and whatnot serve exactly the same role robes and churches serve for the Catholics, or Xenu verbiage for the Scientologists : tax shelter.
And no, the hedge fund isn't too happy about having to come beg.
Actually it is Harvard that is purely a hedge fund; MIT is a hedge fund-cum-mega-usgcontractor – quite like, e.g., Lockheed.
The difference is negligible, USG contractors pretend to deliver for which pretense are paid in pretend-funbux.