In the eyes of many commentators, education and a lack of proper consumable information are what is stemming the adoption of Bitcoin and its ilk. Coinbase, the prominent San Francisco startup, is looking to change this, however, with Earn. This venture gives users a chance to earn digital assets in exchange for consuming content about cryptocurrency and blockchain.Earn Ethereum-Based DAI Through Coinbase
Announced Monday, Coinbase Earn, the firm’s education portal, will be supporting DAI, the Ethereum-based algorithmic stablecoin pegged to the U.S. dollar. Users “around the world” can now earn up to $6 worth of the cryptocurrency by participating in three lessons, which outline what DAI is, what it can be used for, and how the Maker (MKR) protocol and economy ensures that the stablecoin is always valued at around $1. Each lesson, which involves a video and short quizzes, will reward the user two DAI.
This news comes just days after Coinbase added EOS to Earn, collaborating with blockchain developer Block.one to make that happen. DAI and EOS now join Stellar Lumens (XLM), ZCash (ZEC), Basic Attention Token (BAT), and 0x (ZRX) as popular crypto assets supported by the educational platform.
Many see the “free crypto” approach as a way to draw people into the industry. And while some may hate Coinbase for “shilling altcoins” through the program, education for this industry, in particular, is proving to be of paramount importance. Many in the public, even tech-savvy university students, prefer dollars over Bitcoin and its altcoin brethren.
Case in point. a Youtube channel, Capital Creators, recently did an impromptu survey about whether students at a university in Boulder, California would hypothetically choose one Bitcoin or $1.
For some reason or another, most chose the $1, despite the fact that BTC is valued at a cool $7,900. Most respondents either didn’t know much about Bitcoin, wouldn’t know how to receive or use it, or cl...