
Bitcoin: Bubble or Breakthrough? - Fun & Controversial
Flashcard
•
Professional Development
•
University
•
Practice Problem
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Hard
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13 questions
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1.
FLASHCARD QUESTION
Front
The biggest scam in financial history is often debated. Which of these could be argued as worse than Bitcoin?
Options: Tulip Mania (1630s) – People paid fortunes for flowers., The Dot-com Bubble (1990s) – Investors bet on websites that failed., Bitcoin – A digital asset backed by… nothing?, The 2008 Housing Crisis – Banks gambled with people’s homes.
Back
The 2008 Housing Crisis – Banks gambled with people’s homes.
2.
FLASHCARD QUESTION
Front
Some experts say Bitcoin is the greatest scam of the 21st century. Who made this claim?
Back
Warren Buffett
3.
FLASHCARD QUESTION
Front
The most ridiculous thing people have bought with Bitcoin is:
Back
Two pizzas for 10,000 BTC
4.
FLASHCARD QUESTION
Front
If Bitcoin is decentralized, why do a handful of mining companies control most of it?
Back
Mining is expensive, so only big players win
5.
FLASHCARD QUESTION
Front
Which major financial institution once called Bitcoin a scam but now invests in it?
Back
JPMorgan Chase
6.
FLASHCARD QUESTION
Front
If Bitcoin is truly “the people’s money”, why is most of it owned by the top 1%?
Back
All of the above
7.
FLASHCARD QUESTION
Front
If a government tried to ban Bitcoin, what would likely happen?
Back
All of the above
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