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Ravi Charan



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Opinion

Rule of law at stake in Bitcoin wars

By Ravi Charan Feb. 18, 2014

On Nov. 11, four MIT students, including Jeremy L. Rubin ’16, won the “Innovation” award at the online Node Knockout programming competition for their project, Tidbit. Tidbit would enable websites to monetize traffic by utilizing consumers’ computers to mine Bitcoin while they browse the site (presumably in lieu of advertising). Tidbit consequently attracted considerable attention for its potential to disrupt advertising markets. But, recognizing potential legal issues, our peers declined to make the code operative, although it is available for download on their website.

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