It is very easy to get caught up in either side of the MOOC debate. Some experts believe that MOOCs may eventually replace college degrees, as is presented in this article by Bloomburg Business. By lowering the cost and removing the financial barrier to educational courses, it is believed that a larger number of students will begin to turn to MOOCs for their educational credentials.
Other experts believe that the independent nature of the courses will not lend themselves to wide success. Learners are required to be autonomous and self-motivated to successfully navigate through a course of hundreds, sometime thousands of people. This article from The New Yorker, outlines the difficulty currently facing MOOCs and reports the current lack of verifiable success. Some have even argued that the format of MOOCs is contrary to the nature of teaching, as is outlined in this blog post by Guzdial.
One source that particularly resonated with my current sentiments toward MOOCs is the view presented on the EdSurge Podcast from March 14th, 2015. In particular, I agree that the value of MOOCs will not be realized until employers start recognizing the credentials from MOOCs similar to way they recognize a college degree or a certification. The relevant section of the podcast starts at 6:30 and runs mostly to the end.