World’s First Cryptocurrency – Bitcoin – Part 3

Due to the control given to few groups of people, fiat is a _____________ form of money. unfair centralized When the supply of a monetary good continues to be inflated, it is ________________. becoming less valuable Government fiat has a(n) ______________ supply. infinite What are some other traits in which fiat money falls behind? Verifiability Censorship-resistance […]

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World’s First Cryptocurrency – Bitcoin – Part 1

What is the smallest unit of a Bitcoin called? (1/100,000,000) A sat, or satoshis Who is the pseudonymous creator of Bitcoin? Satoshi Nakamoto When was the Bitcoin network launched? January 3rd, 2009 What was Satoshi targeting through the creation of Bitcoin? Centralization Censorship Trust in 3rd parties What is the Bitcoin White Paper? Satoshi’s outline […]

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World’s First Cryptocurrency Bitcoin – Part 4

Who is Satoshi Nakamoto? Unknown creator(s) of Bitcoin What happened on January 3rd, 2009? Bitcoin was launched What primary flaws with fiat does Bitcoin solve?  Censorship Centralization Unlimited supply A _________ is _________ of a whole Bitcoin. sat; 100,000,000th What is the Bitcoin white paper? outline written by Satoshi Prior to Bitcoin, central banks & government’s […]

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