It’s something , that a group of people get together and say”if someone listens to what we teach and memorizes the course.they are considered “schooled” and we give them a piece of paper (degree) with a fancy stamp on it.”(charging an obscene amount for it)
“They will be called a professor and can go and teach other people to get a paper with a stamp. These will be the “educated” in society “
Reminds me of the emperor’s new clothes
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Similar to Bitcoin, where knowledge is decentralized and verified by the network, not a single institution.