EFTA Document EFTA01916282

To: Joi Ito Jeffrey From: Sent Thur 7/24/2014 11:24:02 AM Subject: Re: the beginning of the end for bitcoin 1.0 2.0 could be a home run no "old school". create a shared economy, should NOT be convertible to currency, I suggest you lend each student " citiations", that are kept on a general ledger, bookeeped by MIT media, they can repay and borrow more. if guaranteed by another holder. increased borrowing ability is a sign of wealth. ( early morning thinking , needs more meat ) On Thu, Jul 24, 2014 at 7:18 AM, Joi Ito wrote: So what I was going to do was to create a "coin" that we give all students at the beginning of each semester and in addition to awards and medals. The coins can be exchanged for drinks at parties (only way to get drinks) and favors and other things that I might make available. At the end of each semester I would do an auction to take a bunch of the coin out of circulation and try to have a student monitoring exchange values, money supply and inflation. I was thinking about getting an economics student to do a paper on the legal and tax implications and maybe involve the IRS. MIT is thinking of accepting BitCoin as well. Don't you think it would be more fun to play central bank and have it almost interoperable with dollars from a experimentation perspective? - Joi On Jul 24, 2014, at 07:13 , jeffrey E. <jeevacation@gmail,com> wrote: > medals ok , coins not. scholarship credits. degrees, ok, exchangeble for tuition interesting rules apply > On Thu, Jul 24, 2014 at 7:08 AM, Joi Ito > wrote: > Haha. Yes, I guess you're right... but I'm t mg ma mg physical coins too that they can trade in and out. I'll write up the plan and run it by you. > On Jul 24, 2014, at 07:06 , jeffrey E. <jeevacation@gmail.com> wrote: > > no coin. leave the " coin" out.. maybe "hugs," " 120"s„ "thanks"? wishes? > > On Thu, Jul 24, 2014 at 7:01 AM, Joi Ito wrote: > > Interesting. I'm working on Media Lab coin now. > > On Jul 24, 2014, at 06:58 , jeffrey E. <jeevacation@gmail.com> wrote: > > > http://en.wikipedia.org/wiki/Legality of Bitcoins by country >> > EFTA_R1_00355909 EFTA01916282 >>> > » please note > > > The information contained in this communication is > > > confidential, may be attorney-client privileged, may > > > constitute inside information, and is intended only for > > > the use of the addressee. It is the property of > > > JEE > > > Unauthorized use, disclosure or copying of this > > > communication or any part thereof is strictly prohibited > > > and may be unlawful. If you have received this > > > communication in error, please notify us immediately by > > > return e-mail or by e-mail to jeevacation@gmail.com, and > > > destroy this communication and all copies thereof, > > > including all attachments. copyright -all rights reserved > > » > > Please use my alternative address, to avoid email auto responder please note > > The information contained in this communication is > > confidential, may be attorney-client privileged, may > > constitute inside information, and is intended only for > > the use of the addressee. It is the property of > > JEE > > Unauthorized use, disclosure or copying of this > > communication or any pan thereof is strictly prohibited > > and may be unlawful. If you have received this > > communication in error, please notify us immediately by > > return e-mail or by e-mail to jeevacationo !mail com, and > > destroy this communication and all copies thereof, > > including all attachments. copyright -all rights reserved > -- > Please use my alternative address avoid email auto responder > -- > please note > The information contained in this communication is > confidential, may be attorney-client privileged, may > constitute inside information, and is intended only for EFTA_R1_00355910 EFTA01916283 > the use of the addressee. It is the property of > JEE > Unauthorized use, disclosure or copying of this > communication or any part thereof is strictly prohibited > and may be unlawful. If you have received this > communication in error, please notify us immediately by > return e-mail or by e-mail to jeevacation@gmail.com and > destroy this communication and all copies thereof, > including all attachments. copyright -all rights reserved Please use my alternative address to avoid email auto responder please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA_R1_00355911 EFTA01916284