Modern educational institutions are not like the traditional learning centers because of financial motivations. Universities are no longer selling education; instead, they are peddling a four-year upper-class lifestyle as hollow shells. Through student loans, they encourage consumption within the cash economy. The system as a whole is significantly impacted by the use of bitcoin education.
The fake university system
Four years of university study used to be valued as an investment. The system has degraded to the point where it is now a consumable. Universities offer loans that students will pay back over the course of four payments as part of the fiduciary economy. To put it another way, they receive four years of hedonistic pleasure that they must later repay. Students may become corporate machines through the programs of their universities. Even worse political incentives to relieve themselves of their financial burden can result from them being debt slaves.
It has long been assumed that attending college is the best way to discover oneself, mature, and become a contributing member of society. However, universities take use of both the middle class and the underprivileged for the benefit of the wealthy. They defraud them of $100,000 and propagate the myth that attending college is the route to success. The foundation of the system are the universities that sell admission to a better life—that of the upper class. They are comparable to altcoiners who sell hope to annuity seekers.
Education Effects of a Bitcoin Standard
Due to the extra money they have infused, student loans have only increased educational expenditures. This system is very new, as most people did not previously have college as a goal. Education used to be a very private issue. Families either hired tutors or enrolled their children in private schools. The method would be similar again if a Bitcoin standard were to be adopted. Bitcoin would not only come out on top when combined with increased competition and more educational options, but it would also encourage the spread of more effective educational systems. Students might argue that they got more value for their money.
A Bitcoin standard would give the market, not the government, the power to decide. Status would be independent of employment and their prestige, rather than just being based on education. Although the colleges would still exist, their impact would lessen. Schools would be ranked based on the potential return on investment. Since there wouldn’t be any student loans, it would be challenging to take advantage of the poor and middle class. There would be fewer students who were deeply in debt thanks to bitcoin. Families could set aside bitcoins to pay for their children’s college expenses. Given that the money had been earned and saved, they would be considerably more worried. By adjusting economic incentives, bitcoin would put an end to the abuse of universities.
