For many, the point of doing a MOOC isn’t to get a university credit in the first place (water’s fine, thank you). For others, the argument is that a MOOC credit, if it comes from an elite institution, is better than a formal qualification from a middle ranking institution, in that it is more likely to impress an employer. This of course is a hypothesis that has yet to be tested, a least on a significantly large scale. But for many current MOOC learners, getting credit from conventional institutions for their MOOC study is irrelevant.
Via Andreas Link