BITCOIN QUIZ

What is bitcoin?

• a virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity.

• its a online currency that you can trade for actual USD.

• its an online currency that you can use to buy things while shopping online.

• its a virtual currency that you can collect and redeem for USD.

Who invented bitcoin?

• Bank of America

• Wells Fargo

• FTX

• Satoshi Nakamoto

Bitcoin is created, distributed, traded, and stored using a decentralized ledger system known as...

• Bitcoin Central

• Blockchain

• Bitcoin HQ

• Bitcoin Marketplace

what is the secondary way to handle bitcoin operations?

• Stock Market

• Through Your Bank

• Cryptocurrency Exchange

• The Arcade

what is one of the risk associated with using bitcoin?

• The IRS can seize your bank account, and all assets.

• Malware and hackers.

• Bitcoin is not Insured.

• B and C

When did bitcoin first start out?

• 2020

• 2013

• 2019

• 2009

To use bitcoin you use a....

• cryptocurrency wallet

• Apple Pay

• paypal

• Zelle

With bitcoin there is no need for...

• Blockchain

• Identification

• a middle man or third party

• a Cryptocurrency Wallet

What is the job of Cryptocurrency Wallets?

• To hold your USD

• To hold your pounds

• To keep track of your stocks

• To keep hold of the private key of the bitcoin that you own.

(From the video) can you use bitcoin to pay for university tuition?

• True

• False