Bitcoin Quiz

Why did the creator of Bitcoin become frustrated with government money in 2008?

• Because it was too difficult to earn

• Because it was corrupted and manipulated

• Because banks refused to accept digital payments

• Because it could not be used internationally

Who created Bitcoin?

• Elon Musk

• Bill Gates

• Satoshi Nakamoto

• A group of banks

What makes Bitcoin different from traditional money?

• It is controlled by a single company

• It can be created by anyone at any time

• It does not require a bank or government to function

• It is made of physical coins

How is Bitcoin created?

• By printing new coins like traditional money

• By solving complex math problems using computers

• By copying and pasting digital files

• By government approval

What is the blockchain?

• A public record of all Bitcoin transactions

• A secret code that only Bitcoin miners can access

• A physical ledger stored in banks

• A way to track traditional bank accounts

Why can’t someone copy and paste Bitcoin?

• Each Bitcoin has a unique shape that must fit into a puzzle

• The government has special security measures in place

• Bitcoin is stored on personal computers

• Bitcoin is only available in paper form

How many Bitcoin will ever exist?

• Unlimited

• 50 million

• 21 million

• 100,000

What prevents one person from manipulating Bitcoin’s rules?

• The government regulates all Bitcoin transactions

• Bitcoin is controlled by a network of users who must agree on changes

• Banks oversee Bitcoin to prevent fraud

• Bitcoin rules are updated automatically every year

What happens when more people start using Bitcoin?

• The price becomes more stable

• The value increases because new Bitcoin cannot be printed

• The government starts regulating it more

• It becomes less useful for international payments

Why is Bitcoin considered "hard money"?

• It is physically difficult to carry

• It is difficult to create more of it

• It is made of a rare metal

• It cannot be spent online