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The Problem With the Great MIT Bitcoin Giveaway (INC)

A group of Bitcoin investors and entrepreneurs are planning to dole out $500, 000 in the currency to MIT undergraduates. Here's why that's troubling.
Pity the incoming freshmen at MIT this coming fall–at least for a moment. They've not yet graduated high school, but already they are part of a high- tech propaganda experiment.
Tuesday, a pair of entrepreneurially minded Bitcoin enthusiasts, both MIT students, announced they'd raised a half-million dollar fund, largely from fellow Bitcoin investors, to give every MIT undergraduate–all 4, 500 of them– the equivalent of $100 in Bitcoin. On the surface, this seems like kind of a cool mass experiment. (And what student wouldn't take $100 in anything: beer, books, precious minerals, open-source cryptocurrencies…?) But peer into the web of interests in the recently volatile alternative currency by the project's creators and investors, and the giveaway starts to look a bit less wholesome.
The Tech, an MIT-affiliated publication, nods to the possibility that the Bitcoin experiment by Jeremy Rubin and Dan Elitzer is more about bolstering the "perceptions" of the cryptocurrency than fostering innovation among students:
Former International Monetary Fund chief economist Simon Johnson, an MIT professor unaffiliated with the project, said that he was "all …

NorSIS Detects Facebook Virus Mining Bitcoin – SPAMfighter News

NorSIS Detects Facebook Virus Mining BitcoinSPAMfighter NewsNorSIS (Norwegian Center for Information Security) is warning of one virus mining Bitcoins as it's been proliferating fast via Facebook from the time of its detection during the beginning days of May 2014. The virus reportedly, masks behind one instant …