Bitcoin: Bubble or Breakthrough? - Fun & Controversial

Bitcoin: Bubble or Breakthrough? - Fun & Controversial

Assessment

Flashcard

Professional Development

University

Hard

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13 questions

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1.

FLASHCARD QUESTION

Front

The biggest scam in financial history is often debated. Which of these could be argued as worse than Bitcoin?
Options: Tulip Mania (1630s) – People paid fortunes for flowers., The Dot-com Bubble (1990s) – Investors bet on websites that failed., Bitcoin – A digital asset backed by… nothing?, The 2008 Housing Crisis – Banks gambled with people’s homes.

Back

The 2008 Housing Crisis – Banks gambled with people’s homes.

2.

FLASHCARD QUESTION

Front

Some experts say Bitcoin is the greatest scam of the 21st century. Who made this claim?

Back

Warren Buffett

3.

FLASHCARD QUESTION

Front

The most ridiculous thing people have bought with Bitcoin is:

Back

Two pizzas for 10,000 BTC

4.

FLASHCARD QUESTION

Front

If Bitcoin is decentralized, why do a handful of mining companies control most of it?

Back

Mining is expensive, so only big players win

5.

FLASHCARD QUESTION

Front

Which major financial institution once called Bitcoin a scam but now invests in it?

Back

JPMorgan Chase

6.

FLASHCARD QUESTION

Front

If Bitcoin is truly “the people’s money”, why is most of it owned by the top 1%?

Back

All of the above

7.

FLASHCARD QUESTION

Front

If a government tried to ban Bitcoin, what would likely happen?

Back

All of the above

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