Bitcoin (BTC) and education: A possible revival?

Financial incentives are the reason why modern educational institutions are no longer like the learning centers of old. Having become empty shells, universities are not selling education, but a four-year upper-class lifestyle. Embedded in the cash economy, they promote consumption through student loans. The adoption of bitcoin in education has a huge impact on the whole system.

Impact of bitcoin adoption in the education system

The false system of universities

In the past, studying four years at a university was considered an investment. The degradation of the system has caused it to have become a consumer good. As part of the fiduciary economy, universities offer loans that students will repay in four installments. In other words, they get four years of hedonistic indulgence that they have to pay back afterwards. Through university offerings, students can find themselves in the cogs of a corporate machine. They may even become debt slaves, creating terrible political incentives to free themselves from their economic burden.

It has always been imagined that the university is the means to find oneself, to mature and to become a productive citizen. Yet universities exploit the poor as well as the middle class for the benefit of the privileged. They cheat them out of a hundred thousand dollars and spread the lie that college is the key to wealth. The system starts from the colleges that sell access to a better life, that of the upper class. They are like altcoiners who sell hope to people who are looking for an annuity.

Impact of a Bitcoin Standard on Education

Student loans have only inflated college costs because of the excess money injected. This system is relatively recent, university not being, in the past, an objective for the majority of people. Indeed, education used to be a private matter. Families sent their children to private schools or simply hired tutors. Adopting a Bitcoin standard would return to a similar system. Coupled with more competition and more ways to educate, bitcoin would not only emerge winners, but also foster the proliferation of more efficient education systems. Students could claim a better return on investment.

A Bitcoin standard would let the market choose rather than the government. Indeed, status would no longer depend solely on education, but would be decoupled between jobs and their prestige. The colleges would still exist, but their influence would diminish. Schools would be ranked according to the return on investment they would offer. Exploitation of the poor and middle class would be difficult since student loans would not exist. Thanks to bitcoin, there would be fewer heavily indebted students. Families who want to send their children to college could save bitcoins to pay for them. They would be much more concerned as the money would have been earned and saved. Bitcoin would end the exploitation of universities by fixing economic incentives.

Conclusion

The system of fiat education benefits those in power through fiat currencies. These people promote, in effect, rent-seeking, debt slavery and the acceptance of propaganda. Bitcoin would change the education system. It would not be a moral imperative of government, but would embrace free market values. By downplaying the values ​​of centralized government, it is possible to see more personal responsibility, more self-sovereignty, and more entrepreneurship. This would make it possible to build a civilization instead of destroying it.

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Emile Stantina avatar

Emile Stantina

Passionate about blockchain technology and cryptocurrencies, we contribute to popularize and democratize this new world. “Chancellor on brink of second bailout for banks”

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