That sounds like an awful idea WRT some bright spark will duct tape together a table covered in FPGA boards, take over 51% of the likely extremely small local altcoin network, then temporarily own every laser printer, soda machine, and cafeteria on the campus. Unless their altcoin gets into some weird whitelisting situation where some P2P hosts are more equal than other P2P hosts, which is screwed up.
On the other hand it sounds like a brilliant idea because there is some volatility in the BTC market, so you'll get some peculiar behaviors, where the infrastructure was originally implemented to get the lab monitors and food service workers out of the cash handling business, sometimes a laser printer page will cost five cents or ten cents under BTC or they'll be playing games with dynamic costs such that you may get considerably more paper or food at certain times of the semester than others if you provide a fixed qty of BTC.
On the other hand it sounds like a brilliant idea because there is some volatility in the BTC market, so you'll get some peculiar behaviors, where the infrastructure was originally implemented to get the lab monitors and food service workers out of the cash handling business, sometimes a laser printer page will cost five cents or ten cents under BTC or they'll be playing games with dynamic costs such that you may get considerably more paper or food at certain times of the semester than others if you provide a fixed qty of BTC.