Take This Bitcoin Quiz!
Do you know Bitcoin? Three minutes.
Bitcoin has been fairly stable during February. And March has been one of the least volatile months for Bitcoin. Though the last two Marches have been good for Bitcoin, it has only advanced three out of the last nine February’s.
With the Bitcoin price stabilizing at between $23,000 and $25,000, despite the damning news about crypto, like FTX and Celsius, the OG crypto has held steady.
So, I thought I’d write about something different. Yes, I checked the Bitcoin Wikipedia page, searching for references to “March,” and there were several significant events related to Bitcoin. But that is for another newsletter.
This week, take this quiz. See how knowledgeable you are about Bitcoin. The answers are at the end, but please don’t look ahead and cheat. I want to get a good idea of the Bitcoin knowledge of my subscribers. For those of you who have gone down the Bitcoin rabbit hole and done some research, this shouldn’t be too hard, but hopefully fun.
Here we go, from easiest to hardest. Keep score on your own; this is not interactive. Please list your results in the comments! Looking for lots of responses!
1. The maximum number of Bitcoins is 100 million.
True or False.
2. One Bitcoin equals 1 million Satoshis.
True of False.
(Just a couple of warmup questions)
3. Who bought 2 pizzas for 10,000 Bitcoins? (Not making this up)
A. Satoshi Nakamoto
B. Elon Musk
C. Laszlo Hanyecz
D. Odell Beckham, Jr.
4. What publicly-held corporation hodls the most Bitcoin?
A. Tesla
B. Microsoft
C. Berkshire Hathaway
D. MicroStrategy
5. The Bitcoin whitepaper was introduced in what year?
A. 2015
B. 2008
C. 1999
D. 2011
6. Who is the Current CEO of Bitcoin Corp. ?
A. Satoshi Nakamoto
B. Michael Saylor
C. Anthony Pompliano
D. Are U Kidding Me?
7. What defines a Bitcoin maxi?
A. You Hodl your Bitcoin.
B. You renounce all “altcoins.”
C. You eat your steak rare.
D. All of the above.
8. The largest Bitcoin conference in the world is held, annually, in:
A. Hong Kong
B. New York City
C. Miami Beach
D. Austin, TX
9. What country has adopted Bitcoin as legal tender?
A. United Kingdom
B. El Salvador
C. United States
D. Trick question.
10. What was the Bitcoin of price five years ago, in March 2018?
A. $14,322
B. $3,852
C. $38,330
D. $9,573
11. What is a Bitcoin Hardware Wallet?
A. A wallet on your mobile phone
B. A bearer certificate that you have in your possession
C. A dedicated piece of hardware with high levels of security for storing Bitcoin
D. A household safe with Bitcoins in it that cannot be broken into
12. What Mighty Ducks actor became a Bitcoin billionaire?
A. Emilio Estevez
B. Josef Summer
C. Brock Pierce
D. Joss Ackland
Bonus Question: Who did not appear at The Bitcoin Conference ‘22 in Miami Beach?
A. Aaron Rodgers
B. Kevin “Mr. Wonderful” O’Leary
C. Anthony Scaramucci
D. Andrew Yang
E. Serena Williams
F. Ron DeSantis
G. Jon Najarian
Thanks for playing. Send me your results: thebitcoinfiles@gmail.com
Or leave a comment:
Answers:
1. False. 21 million
2. False. 100 million
3. C Laszlo, and he doesn’t regret it.
4. D Led by CEO Michael Saylor.
5. B 2008, on Halloween.
6. D No CEO, no staff. Decentralized.
7. D All of the above. Per Twitter.
8. C Miami Beach, 35,0000 people in May 2022.
9. D Both El Salvador and Central African Republic.
10. D March 4, 2018 - $9,573. A high point for 2018.
C Not your phone! Offline!
C Pierce played the young Gordon Bombay
Bonus: F. Actually, Florida’s gov was not in attendance. Maybe in ‘23?
Bitcoin Tools, Platforms, Podcasts:
Twitter - Follow The Bitcoin Files on Twitter at @BitcoinNewslet1 for all of my articles, commentary and links to my contributions to Bitcoin Magazine.
Medium - Check out my writings on Medium, including articles not featured in the newsletter. Join my 600 other followers who read and write about crypto. medium.com/@rickmulvey
Podcasts - To hear the top names in Bitcoin, and learn more than you could imagine, check out The Pomp Podcast with Anthony Pompliano, What Bitcoin Did with Peter McCormack, and The Wolf of All Streets Podcast with Scott Melker.
Issue No. 98, March 3, 2023
Rick Mulvey is a CPA, crypto consultant, and frequent contributor to Bitcoin Magazine. He writes about all things Bitcoin, and yells at the Yankees and Giants. He also runs marathons and makes wine, neither professionally.
I missed just the one about price as I don't care much about it and the one about Miami conference attendees because I didn't knew many of the listed names and randomly picked one.