Crypto Millionaire Quiz Answers

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Q 1. What is cryptocurrency?

Option:-

• A technology that uses AI and ML algorithms to process transactions in a fast and efficient manner
• A safe way of encrypting online files
• A digital asset that functions as a medium of exchange
• A digital asset that is backed by physical assets.

Q 2. When was the first Cryptocurrency made available?

Option:-

• 2007
• 1998
• 2011
• 2009

Q 3. Which was the first cryptocurrency created?

Option:-

• Bitcoin
• Ecash
• Ripple
• Ethereum

Q 4. In which technology is cryptocurrency based?

Option:-

• Blockchain
• DSCT
• Genomics
• Artificial Intelligence and Machine Learning

Q 5. What is a crypto Wallet?

Option:-

• A software that safely stores credit cards online
• A device that scans and transforms physical money into digital currency
• A digital service for encrypting passwords
• A software that enables you to send and receive cryptocurrencies

Q 6. What does the concept “mining” mean in cryptocurrencies?

Option:-

• Looking for cryptocurrency hidden in the Deep Web
• Stealing someone else’s cryptocurrency
• The process of adding new cryptocurrency to its ecosystem by solving a computational puzzle.
• Sending cryptocurrency from one wallet to another

Q 7. Who is Satoshi Nakamoto?

Option:-

• The inventor of Bitcoin and Blockchain
• The first investor of Ethereum
• An Asian investor
• The inventor of Ethereum

Q 8. Who received the first Bitcoin transaction?

Option:-

• Marti Malmy
• Hal Finney
• Laszlo Hanyecz
• Nakamoto Sotoshi

Q 9. What is the smallest Bitcoin value?

Option:-

• Satoshi
• Toshiba
• Nakamoto
• Mukashi

Q 10. How many millions of Bitcoin units will be eventually available?

Option:-

• 51 Million
• 21 Million
• 23 Million
• 22 Million

Q 11. Can the blockchain technology be used for something else than Cryptocurrencies?

Option:-

• Obviously No
• Yes, Absolutely
• Not sure
• No

Q 12. In which countries is Bitcoin Illegal?

Option:-

• Colombia, Etiopia, Albania.
• Cambodia, Ecuador, Nepal, Algeria, Bolivia, and Bangladesh.
• None
• Curacao, Etiopia, Nigeria, Albania, Guatemala, and Afghanistan.

Q 13. Which government is in control of Bitcoin?

Option:-

• China
• USA
• Russia
• None

Q 14. Are cryptocurrency holders subject to taxes?

Option:-

• Yes
• It depends on the country
• No
• Never

Q 15. Who are some famous people who have invested in Bitcoin?

Option:-

• Tom Brady, Ellen Degeneres, Jamie Dimon
• Cristiano Ronaldo, Bill Harris, Shakira
• Myke Tyson, Ashton Kutcher, Gwyneth Paltrow, Floyd Mayweather Jr.
• Elon Musk, Tom Cruise, Warren Buffett

Q 16. Which was the infamous site in the Deep Web where people could buy drugs and weapons with Bitcoin?

Option:-

• Stealth Road
• Silk Road
• D Road
• The Pirate Bay

Q 17. What is the last name of the identical twins that sued Facebook who became Bitcoin billionaires?

Option:-

• Winchester
• Wimthos
• Winclethos
• Winklevoss

Q 18. In 2010 a man paid for two pizzas with 10,000 Bitcoins. Today those pizzas would be worth?

Option:-

• Around US$ 10,000,000
• Around US$ 200,000,000
• Around US$ 50,000,000
• Around US$ 100,000,000

Q 19. Who was the first person to become a millionaire with Bitcoin?

Option:-

• Rich Smith
• Douglas Diamond
• Stanislav Liaskovska
• Roger Ver

Q 20. If a person would have invested US$10 in Bitcoin at the end of 2010 and sell those Bitcoin today, how much money would he/she have made?

Option:-

• Around US$ 30,000
• Around US$ 3,000
• Around US$ 350,000
• Around US$ 3,000,000