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This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with over 20 years of experience.

College is a scam.

Colleges don’t sell education, but an upper class lifestyle for four years. Like most things in the fiat economy, they bring consumption forward through loans like that car that you can get with no money down or the Jack LaLane Power Juicer you can get for four easy payments of $49.99. Instead of earning money first and then getting what you paid for, college offers four years of hedonistic indulgence which you then have to pay off. What was once an investment has been debased to a consumer good.

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