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Comment Re:More money from the real into the virtual econo (Score 1) 212

It should be possible for anybody to open their own exchange and to set their own rules and then there would be competition in exchanges, some could then have their own rules, like no automated trading, etc.

Right. A thousand Bernie Maddofs would be better for investors than just having one.

Comment Accreditation (Score 1) 339

Many of these new innovations are important steps in developing better educational systems. Be careful not to overestimate the acceptance of these approaches - successful completion of one or more of courses of study may not mean much, at least in this early era.

Accreditation of big box university programs is a rigorous process. Even top-ten schools prepare for these reviews as their highest priority. Why? A degree from an accredited institution means successful completion of multiple courses of study that have all been examined by outside academic reviewers to their standards.

It is difficult to imagine that a $100 Masters degree course of study can be offered by an accredited institution. Employers and graduate school admissions verify the credentials of their applicants quite closely. A non-accredited degree says nothing positive about the qualifications of the holder.

Eventually satisfactory standards will exist, but for today, don't expect your straight-A internet grades to carry equal weight with accredited institutions that have evaluated you all the way from making the admissions cut to passing all requirements for a degree.

The future will be different, but if you need job or admissions credentials right now, be realistic about how interviewers will have little patience for trying to compare your performance in every online course with those known bricks and mortar grades.

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