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Drugs, Assassinations And Now: College Tuition - The Bitcoin Adoption Spreads
While the last few days' hearings have focused on the nefarious aspects of the crypto-currency, it would appear that the adoption of Bitcoin is growing in the broad market place. While drugs, assassinations, and money-laundering are the headline-grabbing reasons why this unregulated asset is under the US (and European) government's eye, from ATMs, Subway (sandwich shops), and online retailers, the appeal is growing... and now, as AP reports, Cyprus' largest university will start accepting the digital currency Bitcoin as an alternative way to pay tuition fees.
Via AP,
Cyprus' biggest private university says it will start accepting the digital currency Bitcoin as an alternative way to pay tuition fees.
University of Nicosia's Chief Financial Officer Christos Vlachos says the move will help foreign students in countries where traditional banking transactions are either difficult or costly to pay fees for programs such as online degrees.
The university claims it is the first in the world to take Bitcoin payments.
Vlachos told The Asssociated Press on Thursday that the university is also offering a new Masters' degree in digital currency, a field he says is the monetary equivalent of the Internet in its infancy.
He said the Cypriot government should set up a regulatory framework to attract digital currency trading companies and boost the bailed-out country's foundering economy.
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Good shit LOP.
Do you think any of the pay for nefarious service press that bit coin received recently might have been a ruse just to try to "set up" bitcoin to appear tainted in ways? There are people who would manipulate and twist perceptions to protect fiat and physical. Some of the ruse did seem outrageous and unbelievable in ways.
I am all for an honest median of exchange, but I will always save in physical, especially when fraud is the status quo (as it is now).
My father, grandfather, and greatgrandfather never had any problem hiring help (farmhands or security forces) with PMs. That's all I need to know.
I suspect that it could be possible that when any resetting happens, it could drive right past PM without barely stopping before bottoming out near the more fundamental and structural "chicken and the egg" level of inputs/outputs. But that's just my opinion and two cents worth.
The internet will go down in a reset/war. Period. My PMs will remain safe (as they did for generations before).
Chance, always favors the prepared.
This is what I buy:
Food, gas, Home Depot chit, electricity, and interweb. WTF do I need this medium of exchange for?
Speculation, penny stock style.
Over.
good sir,
you insult the relatively stable lack of volatility of pennystocks.
My concern is about the validity and viability of exchanges. How do we really know that any of the exchanges won't evaporate over night like some have recently?
With freedom comes responsibility. How you store your bitcoin is your perogative (I store most of mine on a paper wallet). If you leave your wallet on your car seat and someone steals it who's fault is that? And an exchange is just that... An exchange. There are multiple places you can exchange bitcoin.
If a web burglary occurs, you are wiped out just the same. Dummy.
Monetary safety is an illusion unless you have the FDIC!
Over.
maybe I dont understand the concept well....isn't the wallet kept through an exchange or do I have that all wrong?
You can have a wallet at an exchange. You can have a paper wallet (physical). You can have a wallet on your cpu. You can have a wallet on a USB stick. You can have a wallet at a website.
Choose your Wallet They're all free. Avoid web wallets.
WHY!!?
Over.
Choose your Wallet They're all free. Avoid web wallets.
Thank you
@Rock- If you wish to sell your coins on the exchange you have to join the exchange and they require ID. You can also sell your paper wallet to anyone online or locally that accepts them for product or cash(such as localbitcoins).At least that's the way I understand it.
I like agressive business ventures, but I am not sure I would go to Cyprus for cutting edge financial education.... I am not sure cutting edge financial information even exists.
I can see the Govy killing this thing ASAP.....they will call it money laundering and go after it like crazy.....
call me a dumb ass as i wanted to buy a $1000 worth of bitcoin early and never did.....
maybe i should arrange someone to assasinate me using bitcoin to put me outta my misery!
Financial/monetary policy advice from Cyprus... seems totally legit. What could go wrong with that?
Drugs, assassination, and College Tuition... no wonder the USG hates bitcoin. These are their businesses.