LUUCABS GIAG Quiz

What is the name of this very cute dog?

• Doge

• Naruto

• Ralph

• Kabuso

Who is this charming young man (and main founder of Ethereum)?

• Vitaly Bunterin

• Viralek Busterin

• Vitalik Buterin

• Vermicelli Bicycle

What was Bitcoin's peak marketcap? (Nov 2021)

• $523 billion

• $1.21 trillion

• $694.20 billion

• $1.05 trillion

Answer explanation

Yep. At one point Bitcoin's market cap was $1.21trillion. Currently, it's at $523 billion with cryptos entire market cap at $1.05 trillion.

What does PoS stand for? (answer in lowercase)

Who is the creator of Bitcoin?

• Hal Finney

• Craig Wright

• Shigeru Miyamoto

• Satoshi Nakamoto

Answer explanation

okay, so maybe this was a trick question. many consider Hal Finney to be Satoshi but ultimately there is no conclusive proof. Craig Wright is a very questionable figure who claims to be Satoshi (whilst also shilling scams!). Shigeru Miyamoto is the legend who invented Super Mario, The Legend of Zelda, Pikmin, Starfox and others...

What is the maximum supply of Bitcoin?

• 3 million Bitcoin

• 21 million Bitcoin

• 17 million Bitcoin

• 16 million Bitcoin

Answer explanation

It's 21 million! But, it is thought that 4 million Bitcoin have been lost forever, so maybe 17 million(?)

What is the term for a sudden and significant drop in the price of a cryptocurrency?

• Dump

• Pump

• FOMO

• HODL

What is the primary purpose of a whitepaper in the cryptocurrency world?

• To explain the technology behind a cryptocurrency/protocol

• To market and promote a cryptocurrency/protocol

• To announce the ICO price of a cryptocurrency

• To list the current market price of a cryptocurrency

Answer explanation

Whitepapers are meant to explain the tech. Unfortunately many whitepapers are shit and amateurish and just try to drum up hype.

Which cryptocurrency is often referred to as "digital silver" in contrast to Bitcoin's "digital gold" status?

• Ripple/XRP

• Litecoin

• Cardano

• Ethereum

Answer explanation

Litecoin! Although it's a pretty stupid comparison kek. Litecoin was an early bitcoin fork.

What does the term "FUD" stand for in the crypto community?

• Fear, Uncertainty, Doubt

• Fully Unregulated Development

• Free Universal Digital currency

• Fundamental Utility of Decentralisation

Answer explanation

AAHHHHHH, THERE'S FUD ON MY TIMELINE!!!!!.

Often healthy skepticism and criticism is dismissed/ignored as FUD, although in many cases it's pertinent and has helped traders to get out at opportune times.