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This was a pretty good article. It's long, but if you read the whole thing, you'll see that the biggest challenge these newer institutions face is the accreditation problem.

The hack they used to get around that was clever, but as we could've guessed, it didn't last forever. I believe the only long-term solution to this is to encourage people to bypass accreditation entirely. Yes, many jobs still have legal barriers (i.e., you can't be hired unless you have a government-approved credential), but for those that don't, the barriers are only psychological. I am working now to help eradicate these barriers. But whatever I do personally, I am confident that the situation will change in the future.

(Also see http://news.ycombinator.com/item?id=645523)

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