Financial incentives are the reason why modern educational institutions are no longer like the old learning centers. After being an empty shell, universities are not selling education, but a four – year upper – class lifestyle. Embedded in the money economy, they promote consumption through student loans. The adoption of bitcoin in education has a major impact on the whole system.
The false system of universities
In the past, a four-year study at a university was considered an investment. The degradation of the system has become a consumer interest. As part of a confident economy, universities offer loans that repay students in four installments. In other words, they get four years of hedonistic indulgence that they have to pay back later. Through university offerings, students can find themselves in corporate machine cogs. They can even become debt slaves, creating terrible political incentives to free themselves from their economic burden.
University has always been imagined as the way to find yourself, to mature and to be a productive citizen. But universities take advantage of the poor as well as the middle class for the benefit of the privileged. They lose 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’s the upper class. They are like altcoiners who sell hope to annuity seekers.
Impact of Bitcoin Quality on Education
Student loans only increased college costs due to the extra money put in. This is a relatively new system, and the university has not, in the past, been an objective for most people. In fact, education was a private matter. Families sent their children to private schools or hired tutors. Accepting the Bitcoin standard would return to a similar system. Coupled with increased competition and more ways to educate, bitcoin would not only lead to winners, but also foster the proliferation of more efficient education systems. Students may demand a better return on investment.
The standard of Bitcoin would inform the market to choose rather than the government. In fact, status would no longer depend on education alone, but would be decoupled between jobs and their reputation. The colleges would still exist, but their impact would diminish. Schools would be ranked according to the return on investment they would offer. It would be difficult to take advantage of the poor and the middle class as there would be no student loans. Thanks to bitcoin, fewer students would be indebted. Families who want to send their children to college could save bitcoins to pay for them. They would be much more worried as the money would be earned and saved. Bitcoin would put an end to the exploitation of universities by setting economic incentives.
The fiat education system benefits those in power through fiat currencies. These people essentially promote the rent trail, debt slavery and the acceptance of propaganda. Bitcoin would change the education system. It would not be a moral requirement of government, but an acceptance of free market values. By lowering the values of centralized government, it is possible to see more personal responsibility, more self – domination, and more entrepreneurship. That would make it possible to build a civilization instead of destroying it.
Get a summary of the news in the world of cryptocurrencies by subscribing to our new daily and weekly newsletter service so you don’t miss any of the essential Cointribune!
With a passion for blockchain technology and cryptocurrencies, we contribute to the popularity and democracy of this new world. “Chancellor on the verge of a second rescue for banks”