CryptoGold VS CryptoCurrencies

We are now seeing the first indications of having  Cryptocurrencies fully backed by a physical product – Gold. The Perth Mint in Australia is developing a CryptoGold product based on the security and trust underlying the BLOCKCHAIN. Look for a new asset class of value in late 2018.

Presently Cryptocurrencies run on the BLOCKCHAIN, but lacks a physical backing. As long as enough individuals believe in and want a cryptocurrency; use it as a store of value, investment or transaction purposes; and there is a limited supply of the cryptocurrency – their price will go up or fluctuate wildly. The price is based on supply and demand for a digital entry on a transparent, distributed ledger.

Now CryptoGold will become more accessible to the man-on-the-street. It will be a Cryptocurrency which is backed by physical gold bars with a fully distributed, transparent record of that bar from miner to buyer to future buyers. Individuals will not have to carry that gold with them, but will always have verifiable physical ownership and be able to sell or exchange it for goods and services, including Fiat Currencies. The BLOCKCHAIN is incorruptible and hack proof.

Individuals around the world are looking for something different to keep their savings in: something outside of bonds; something outside of the financial market – a physically backed asset that has their trust.

Introduction to Digital Currencies



Certificate of Accomplishment for Introduction to Digital Currencies. Final Mark - 86.5%
University Certificate of Accomplishment Granted to Roger Humbke by University of Nicosia 5DEC2018

​In December, 2017 I finished this course and found it so useful, that I have enrolled again for the period Feb 12 to Apr 15, 2018. This time I am forming a study group here in Edmonton, Alberta to meet on Sunday afternoons or mornings to compare notes, keep each other motivated and discuss  investment strategies for cryptocurrencies .

Introduction to Digital Currencies is the first of 9 required courses for a M.Sc, in Digital Currencies from the University of Nicosia, Cyprus. The university markets the M.Sc. by giving the first required course free and then charging $2,276 CAN (1,510 Euros, $1,817 US) for each of the remaining 8 courses. Five of the remaining courses are compulsory and 3 are electives (or 1 elective and a thesis/project).

The courses are all in English and given thru Distant Learning. They are targeted at an audience of entrepreneurs, bankers, development experts, regulatory officials, computer scientists aspiring to managerial roles and those seeking academic knowledge (technical & financial) necessary for specialists in this area. There is a serious shortage of qualified candidates for high paying jobs in all aspects of the industry. The demand for teachers/profs in colleges & universities for courses will expand as fast as the cryptocurrencies have increase in value.

The M.Sc. also provides the foundation for admission to a Doctoral Degree.

Andreas Antonopoulos, one of the most well-known and well-respected authorities on the Blockchain and Cryptocurrencies, is one of the professors for this course. His ability to explain complex subjects in an engaging and down-to-earth manner is seen in this video when he instructs and answers all questions from the Canadian Senate. https://www.youtube.com/watch?v=xUNGFZDO8mM

Andreas Antonopoulos - Bitcoin and Blockchain Professor at University of Nicosia
Andreas Antonopoulos – Professor at University of Nicosia

 

If you would like to join the “Introduction to Digital Currencies” course go to https://digitalcurrency.unic.ac.cy/ and register for the free MOOC. Be sure to look for me (Roger Humbke) on the learners list and on the Discussion Forum.