Daniel Obiago
The Bitcoin currency can be exchanged for any other currency in the world (including the US Dollar, Euro and Yen); and Bitcoins can be used to buy or sell any products, and/or services in any legal commercial marketplace; and in any black market, too.
To find out more, about Bitcoins and the Bitcoin Currency Network; click let’s play below. Do enjoy the quiz; and if you wish, do leave your comments, and score afterwards. Thanks.
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Question of
What is the main symbol used to represent a Bitcoin?
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CB
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BC
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BTC
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CBT
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Question of
As at the end of 2015; how many major merchants, suppliers, shops and vendors (all over the world), were readily accepting Bitcoins, as payment?
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10,000 – 40,000
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40,000 – 70,000
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70,000 – 100,000
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100,000 – 130,000
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Question of
A Bitcoin (worth $2,600) is divided into various smaller amounts of units; and are used as such. What is the smallest divisible amount, or unit, of one bitcoin worth?
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One Hundredth of a bitcoin ($26)
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One Thousandth of a bitcoin ($2.6)
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One Millionth of a bitcoin ($.0026)
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One Hundred Millionth of a bitcoin ($000026)
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Question of
Once a Bitcoin has been used to make a payment by a buyer to a seller:
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the money can be retrieved back by the buyer, against the seller/recipient’s wishes.
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the money can only be retrieved back by the issuing bank or, financial house.
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the buyer has only up to 14 days to cancel the transaction, if they need a refund.
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the money cannot be retrieved back against the seller/recipient’s wishes.
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Question of
All bitcoin transactions are verified by, whom?
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The Network Nodes
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The Exchange Administrators
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The Central Repository
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The Bank Clerks
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Question of
The bitcoin system/network is a place in which transactions take place between users:
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Indirectly, through a Bitcoin Exchange
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Indirectly, through a designated intermediary agency
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Directly, without any intermediary, or exchange, or bank
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Indirectly, through a designated bank, or finance house
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Question of
As of early 2017, how many estimated unique users had a Bitcoin wallet, and were using bitcoins worldwide?
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200,000 to 600,000 users
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600,000 to 1 million users
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1 to 3 million users
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3 to 6 million users
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Question of
How are bitcoins produced or ‘mined’, for global circulation?
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By going down into mines to collect them
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By minting them in a central mint bullion house
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By generating them through computing power in a distributed network
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By physically designing and printing them based on the economy
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Question of
Bitcoin is a form of money, that is based on; which of the following?
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Internet
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Mathematics
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Gold
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Silver
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Question of
Who was the person to propose and create the Bitcoins currency?
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Larry Page
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Bill Gates
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Satoshi Nakamoto
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Steve Jobs
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Question of
The Bitcoin Currency Network is designed to have a maximum number of coins. What is the maximum number of Bitcoins that can ever be created?
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21 million Bitcoins
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121 million Bitcoins
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1.21 billion Bitcoins
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12.1 billion Bitcoins
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Question of
Who controls the Bitcoin currency network?
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No-one. No single institution controls the bitcoin network.
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Designated Banks control the bitcoin network.
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Central Banks control the bitcoin network.
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The World Bank and the IMF control the bitcoin network.
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Interesting QUIZ THANK YOU VERY MUCH
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8/12
10 out of 12.
Bitcoin will continue rising in much faster speed in the future from the observed trend, but don’t know when it will be vanished one day.
4/12 I don’t know much about BitCoin (as you may have guessed from my score) but I’m trying to learn more about it and crypto-currencies in general.
Hi Gary, good score giving you are still new to Bitcoins and Crypto. There are some many things to learn about them, particularly their high volatility. One is currently taking place at the moment. For more info, check out my second quiz on bitcoins, which is out now! Cheers.
Thanks
Scored half of it. Bitcoin is an interesting topic and in my country people still debating it
Good score! This is a good time to join the debate on Bitcoins, as there are some many surprises currently taking place with Bitcoins at the moment. For more info, check out my second quiz on bitcoins, which is out now! Cheers.
9/12. I cannot help but wonder if this is not all some “South Sea Bubble” that will come crashing down one day!
Quite right! The volatility of the bitcoin is very high and impossibly breathtaking! Buying now at well over $2,300 may be too high; as it has come a long way from the 2011 lows of $3 to $30. But some experts believe that it is still underpriced! More to come on Bitcoin’s Volatility,
8/12
Great score, Hassnain! Hope you had fun taking part. Cheers
8 out of 12
Great score, Hamza! Hope you enjoyed taking part. Cheers
I got 7 out of 12 right! Although I have heard about this for a long time but have never plunged into the round.
Great score, Albert! Well there was a time in 2010 when a bitcoin was only $2 compared to now in July 2017 at $2,600. More to follow here on bitcoins soon! Cheers.
Well, maybe I should make time for it! Thanks! Cheers!
7/12 Interesting stuff
Thanks Norman. Great score! More to follow on bitcoins soon!
I’m a youtuber, i have also make a video about betcoin.
Good to know, Saanii. ! I will posting more on bitcoins soon! Do continue to take part. Thanks!
got 8 out of 12 right!
Great score! I will posting more on bitcoins soon! Thanks for taking part!