How much do you know about Bitcoin?
Bitcoin Info > Bitcoin Quiz
1) There are 100 cents in 1 US Dollar.
How many satoshi are there in 1 Bitcoin?
2) What is the maximum number of Bitcoin that can ever exist on the Bitcoin network?
3) Which statement about Bitcoin Energy use is is untrue:
- Bitcoin uses as much energy as a small country like Norway.
- Bitcoin uses about as much energy as the cruise industry.
- Bitcoin uses about half as much energy as the gold industry.
- Bitcoin uses about half as much energy as the banking industry.
- In 2017, Newsweek projected that Bitcoin would consume all the world’s energy by 2020.
- Bitcoin today uses about 0.1% of world energy.
4) What is triple entry accounting?
5) How much money was the creator of Bitcoin paid for his invention?
6) Who has permission to view Bitcoin’s transaction log?
7) What is the halving cycle?
8) What is the block difficulty adjustment?
9) Name two Bitcoin layer 2 applications.
10) What is the difference between a Bitcoin hot wallet and a cold wallet?
11) Name a Bitcoin Multisig Wallet.
12) How does the rate of Bitcoin money laundering compare with money laundering in the traditional Banking system?
13) How does the cost of making payments with Bitcoin compare with credit card transactions?
14) How much do banks charge immigrants in fees to transfer money to their families in Central America compared with Bitcoin lightning transfers?
15) Approximately how much disk space does the current Bitcoin blockchain use (in GB)?
Investing
- Given Amazon.com’s stock lost over 50% of its value 3 times and over 90% an additional time, when would it have made sense to invest in Amazon.com?