Deck 2: History

Question 1

The idea for Bitcoin was first presented in an essay penned under which of the following pseudonyms?

A)Wei Dai.
B)Shinzo Abe.
C)Satoshi Nakamoto.
D)Jed McCabe.

Answer 1

Satoshi Nakamoto.

Question 2

What is the title of the famous essay in which the idea for Bitcoin was first discussed?

A)Bitcoin: A Peer-to-Peer Electronic Cash System.
B)Bitcoin: The Currency of the Future.
C)Bitcoin: An Unregulated and Government-Free Currency.
D)The Bitcoin Protocol.

Answer 2

Bitcoin: A Peer-to-Peer Electronic Cash System.

Question 3

The famous, digitally-published essay that first established the idea for Bitcoin came out in which year?

A)2007
B)2008
C)2009
D)2010

Answer 3

2008

Question 4

In what year was the first Bitcoin block, also known as the genesis block, mined?

A)2007
B)2008
C)2009
D)2010

Question 5

What was the reward for mining the first Bitcoin block?

A)100 BTC.
B)200 BTC.
C)25 BTC.
D)50 BTC.

Question 6

On February 9th, 2011, the value of a bitcoin reached what historic milestone?

A)$1.00.
B)$5.00.
C)$10.00.
D)$100.00.

Question 7

In August of 2013, Bitcoin was recognized as a unit of account in which of the following countries?

A)Bulgaria.
B)China.
C)Germany.
D)Japan.

Question 8

On November 27th, 2013, the trading value for a single bitcoin surpassed what historic milestone, spurred by the currency's increasing popularity in China?

A)400USD.
B)600USD.
C)800USD.
D)1,000USD.

Question 9

In late March of this year, the total value of all the bitcoins in currency surpassed one billion dollars.

A)2010
B)2011
C)2012
D)2013

Question 10

When did the first recorded Bitcoin trade occur?

A)2007
B)2008
C)2009
D)2010

Question 11

On November 28th, 2012, which of the following major events in Bitcoin history occurred?

A)The total value for all Bitcoin in currency surpassed 1 million USD.
B)MtGox was purchased by Mark Karpeles.
C)The reward for mining was halved to 25BTC.
D)The value for a single Bitcoin passed 100 USD.

Question 12

In March of 2013, a miner using a version of the Bitcoin software created a large block, causing a "fork" in the block chain, which resulted in previous versions of the software not accepting this block as valid. Which version of the software was the miner using?

A)Version 0.7.0.
B)Version 0.7.6.
C)Version 0.8.0.
D)Version 0.8.6.

Question 13

The first ever Bitcoin conference was held on August 20th, 2011, in which of the following cities?

A)New York City.
B)Kuala Lumpur.
C)Prague.
D)Tokyo.

Question 14

On April 16th, 2011, which of the following major publications published an article on Bitcoin?

A)Fast Company.
B)Forbes.
C)The Wall Street Journal.
D)Time Magazine.

Question 15

What major Bitcoin exchange, created by Jed McCaleb, was established on July 17th, 2010?

A)BTC-e.
B)MtGox.
C)BTC China.
D)Coinbase.