Explained: crypto

What was the first cryptocurrency?

• Bitcoin

• The Euro

• Dogecoin

• Etherium

true or false: By 2017, Bitcoin was as valuable as the big banks it stood against

• True

• False

What is one issue with Bitcoin?

• You can lose all of it if you lose your wallet

• It is often used to purchase illegal products

• It often lags

• It can be traced

What crypto currency is this?

• Bitcoin

• Ethereum

• Tether

• Dogecoin

True or false: dogecoin was developed by very serious cryptocurrency investors and was taken seriously as soon as it hit the market.

• True

• False

What was the first credit card called?

• visa

• mastercard

• diner's club

• amex

What is one downside of using credit cards?

• They don't look cool

• They can be stolen

• They can be traced

• They have to be paid for at the end of the month

Who is Satoshi Nakamoto?

• A 64 year old asian man

• A group of people

• The founder of bitcoin that does not want to be found

• A city near Osaka Japan

What powers Bitcoin as well as all other crypto currencies around the world?

• Electricity

• Block chain

• Meta

• Microsoft

Who takes care of updating the block chain ledger (transaction history)

• The government

• Volunteers

• Chatterhigh

• The NSA