The document discusses the long-term impact of MOOCs and open education. It argues that in the short term, MOOCs have increased enrollment and visibility for universities. However, in the long run, MOOCs will have a greater impact by transitioning from standalone courses to integrated programs and credits, expanding education globally, supporting continuous learning beyond initial degrees, blending online and in-person learning, and advancing the open education movement. Universities will evolve from traditional models to embrace these long-term trends fueled by open online education.