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"Bit By Bit" Huntsville Students are Building their Future
In 2013, the U.S. Department of Education recognized Holy Spirit School with the Blue Ribbon Award, a national award that recognizes a school’s overall academic excellence. BASH is Holy Spirit School’s only fundraiser and is jointly sponsored by the Holy Spirit School Foundation and PTO. According to Carlen Williams, BASH Chair, “This was the year for bitcoin to be accepted at the BASH. In a technologically savvy city, it only makes sense that the BASH embrace this new payment system and educate our parents and students through real-life experience.”
The first bitcoin was mined in January 2009. Mining is the process whereby computers are pit against each other in an attempt to solve cryptographic problems. Correct solutions are awarded a block of bitcoin. In 2013, bitcoin reached the mainstream and even appeared on ESPN’s College GameDay at the Alabama-Auburn game. Bitcoin can now be used to purchase everything from a Subway sandwich in Allentown, PA to airline tickets through cheapair.com to cars and vacation homes across the world. In Huntsville, bitcoin can be used to support Holy Spirit School and the future generations of students who will benefit from embracing this new digital currency.
For more information about the 2014 BASH, visit www.bash2014.org.