A list of resources obtained from the “Introduction To Digital Currencies” course from the University of Nicosia (UNic). I will update this list as I progress through the course:
1. The UNic Digital Currency Initiative: This document provides the original press releases and associated press relating to the announcement of the University of Nicosia to be the first university to offer a graduate degree in digital currency and accept payment in Bitcoin. Most interestingly, the University of Nicosia announces that this is one of the first steps towards converting Cyprus into a “worldwide hub for Bitcoin trading, processing, and banking…”. Dr. Christos Vlachos, CFO of the University of Nicosia explains this is greater detail while being interviewed on the Keiser Report:
“We have much more ambition as far as Bitcoin is concerned. We went through a proposal that we have made to the Cyprus government to convert Cyprus into a worldwide hub for Bitcoin trading, processing and banking…As a country, we don’t have a lot of export capabilities. We have tourism, private universities, but we don’t really export anything. However, we have a once-in-a-lifetime opportunity with Bitcoin to convert the Cypriot economy into a hub for worldwide trading, payment systems and banking… It will attract trading from all over the world, we will have related businesses and services being developed, it will create thousands of new jobs… The opportunity is great.”
Apparently the UNic Digital Currency Initiative is setting the groundwork for Cyprus to become the Wall Street of Bitcoin. It will be interesting to watch as this develops over time.
2. The Big Problem of Large Bills: The Bank of Amsterdam and the Origins of Central Banking: The first eleven pages describe the characteristics that allowed for 150 years of stable currency and some of the challenges leading to that point. The working paper addresses several key concepts of economics and finance to include exchange banks, currency debasement, the relationship between currency debasement and commercial credit, financial incentive structures, Gresham’s Law, inside money, and outside money. Fundamental to currency stability and therefore relevant to digital currency.
1. Bitcoin: A Peer-to-Peer Electronic Cash System by Satoshi Nakamoto:
2. Stephen Quinn and William Roberds. The Big Problem of Large Bills: The Bank of Amsterdam and the Origins of Central Banking:
3. The UNic Digital Currency Initiative: