The world's first university to allow the use of Bitcoin to pay tuition

Nicosia University is the largest private university in Cyprus. The local English-language newspaper, the Cyprus Post, 22nd quoted Christos Frajos, the school's finance director, as saying that digital money is an unavoidable development trend. "The digital currency will create more effective services that can provide financial services to areas that lack financial services," Christos said. "We have more than 2000 online students and Bitcoin makes it easy for them to pay tuition fees," he said. Nicosia University also announced the establishment of a master's degree in digital money. "This degree is to help financial services experts, entrepreneurs, government officials and public sector workers better understand the technical implications of digital money and how the digital currency interacts with the existing monetary and financial systems." "Christos said. According to Xinhua

Is bitcoin a new currency or a new scam?

When the "Chinese aunt" also began to become crazy for Bitcoin, perhaps it is time to take a cool look at Bitcoin. Bitcoin, a binary file, has no intrinsic value, although it requires a higher cost than the face. Only when the trader finds the next buyer is the value recognized. Thus, critics say Bitcoin is a hoax, not designed to be a practical currency, but designed to make early entrants rich, essentially like Ponzi schemes.

The analysis suggests that the fact that the number of bits in the "digging" hole is decreasing and the amount is limited means that it is likely to go to the opposite side: deflation.

In this sense, there is also the view that Bitcoin is another "Ponzi scheme": using the idea of a secure, reliable, centralized, anonymous electronic payment system, the mysterious bitcoin inventor succeeded in injecting virtual liquidity into the world-rather than importing real liquidity from the outside-and then associating virtual liquidity with real money, Wait for posterity to push the currency appreciation.

Some analysts also use the theory of Bo silly to describe the current Bitcoin market, that is, as long as there is a higher price of the acquirer, the future Bitcoin market prices will continue to rise. But at the "Bo silly" stage of the Bitcoin price, it's waiting for the last one. Whether Bitcoin is a hoax or not, it takes time to prove that there is a real demand for payment and a lot of specific goods and services that are needed in the transaction.