Crypto Theme Day Lesson

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• Know what money and how it is controlled

• What is cryptocurrency and how it differs from regular money

• What are the risks involved with cryptocurrency

Objectives

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Cryptocurrency

Open Ended

What actually is money? Give your best definition.

Multiple Select

Which of the following are characteristics of money according to the definition provided?

• It is a medium of exchange

• It is generally accepted

• It is decentralised

• It facilitates transactions of goods and services

Multiple Choice

What does it mean if money is centralised?

• All money is kept together in one place.

• Banks control all the money

• Money is controlled by a single entity or authority, like a government.

• Money is central part of any countries economy

Open Ended

Money (Currency) is: A medium of exchange that is centralised, generally accepted and recognised, to facilitate the transaction of a good or service.

So what is a cryptocurrency?

Fill in the Blanks

Money is a

of exchange that is centralised, generally accepted, recognised, and facilitates the transactions of goods and services.

Fill in the Blanks

A digital currency in which transactions are verified and records maintained by a decentralised system is called

.

Open Ended

Based on today's lesson, how would you summarize the main functions of money?

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​Dollars or Bitcoin Video

Categorize

Options (8)

Decentralised

Centralised

Protected by cryptography

Protected by banks / government

Digital Currency

Physical and Digital Currency

Limited amount

Amount available can vary

Organize these options into the right categories

Crypocurrency

Regular Currency

Drag and Drop

Cryptocurrency is a

Placeholder

currency (or money). ​

Placeholder

are verified and the maintained in a ​

Placeholder

system. This system uses a public record called a ​

Placeholder

, where all cryptocurrency transactions are stored. This keeps the system​

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from fake transactions or counterfeit currency.

Drag these tiles and drop them in the correct blank above

digital

physical

Transactions

decentralised

blockchain

secure

centralised

sales

vulnerable

ledger

Open Ended

Why might someone choose to invest in Bitcoin instead of traditional currency like dollars?

Investment Game

Open Ended

What do you think would be the risks involved with cryptocurrency?

Multiple Select

Which of the following are risks associated with cryptocurrency?

• Volatile markets

• Pump and dump schemes

• Cyber attacks on peoples accounts

• Counterfeit Cryptocurrency

• Decentralised nature leads to fraudulent transactions

Multiple Choice

Why is cryptocurrency considered different from regular money or currency?

• Because it is controlled by a single entity

• Because it cannot be counterfeited easily and is not controlled by one entity

• Because it is only used online

• Because it is always stable in value

​Fill out your booklet.

Poll

Based on the learning objectives:

How confident do you feel about todays topic?

• Very confident - I understood everything.

  😁

• Confident - I understood most things.

  🙂

• Unconfident - I got some things but was mostly confused.

  😥

• Very unconfident - I didn't get much of what was going on today.

  😰