🏆Think you've got Bitcoin knowledge? In our Einundzwanzig (npub1qv0…ujnc) 'WHO WANTS TO BE SATOSHI MILLIONAIRE' quiz, a surprising number of participants picked incorrect answers.
👇Play the 21 questions down in the poll now! 👇
Thank you to this month's sponsor @lrothbardian who paid 1,000,000 Sats!💰
1. What is the smallest unit of Bitcoin in the lightning network called?
Bits
millibitcoin
millisatoshi
Satoshi
2. Who or what decides the dollar price of a Bitcoin?
Bitcoin Core Developers
A sophistaced algorithm
Supply & Demand
Reptilian overlords
3. What is the worst way to own actual Bitcoin?
On an exchange (Kraken)
Peer 2 Peer (Bisq)
Investing in ETF
Through a Bitcoin ATM
4. What does the B in the acronym BOLT stand for?
Blockchain
Basis
Blockstream
Bitcoin
5. Which well known Bitcoin OG develops the nostr client Iris?
Amir Taaki
Martii Malmi
John Carvalho
Tuur Demeester
6. Which job did Michael Saylor have as a kid?
McDonald's
Paperboy
Forklift operator
Surf teacher
7. The official Bitcoin wallet of El Salvador is called Chivo, what does that translate to?
Cash
Hope
Goat
It's a made up word.
8. In 2013 Dmitr Rassah Murashchick sold how many Bitcoin to purchase a Toyota Prius?
10 BTC
100 BTC
1000 BTC
10000 BTC
9. Which was the first notable Bitcoin Hardfork?
Bitcoin Cash
Bitcoin Unlimited
Bitcoin XT
Bitcoin Classic
10. Can you trace every single satoshi back to it's originating block?
Yes.
No.
11. What is not a common Mining Pool payout scheme?
Pay-per-share
Full-pay-per-share
Pay-per-last N Shares
Pay-per-View
12. What was the largest number of outputs in a single Bitcoin transaction?
13
130
1300
13000
13. What was the name of the very first delivered ASIC miner?
Butterfly Jalapeno
Avalon A1
Bitmain Antminer S1
Block Eruptor
14. Which elliptic curve is used in Bitcoins Public Key Cryptography?
Ed25519
Blowfish
Curve 256
Secp256k1
15. Which previously existing function was removed from Bitcoin Core version 0.8.0?
Pay to Pubkey
Mnemonic Seed
IP transactions
Blockchain pruning
16. How many hops can a lightning payment take until it reaches its destination?
Only one
27
1,300
There is no limit
17. Which of these is the oldest Bitcoin Exchange?
MtGox
LibertyX
Bitgrail
Bitcoinmarket. com
18. At that time in March 2010, what was the price of 1 Bitcoin?
$3
$0.30
$0.03
$0.003
19. What is the name of the boardgame that Ross Ulbricht invented in prison?
Much Ado About Mining
Macbethcoin
Merchants of Venice
Hodlet
20. Who invented the Proof of Work mechanism?
Adam Back & Hal Finney
Cynthia Dwork & Moni Naor
W. Diffie & M. Hellmann
Dan Boneh & Ben Lynn
21. What is the proposed alternative to the UTXO set that would allow Full Nodes to efficiently obtain and verify information about spent UTXOs and could dramatically speed up the Initial Block Download, called?
Yutee
Utreexo
UtEXo
UTXOracle
ANSWERS BELOW:
1. What is the smallest unit of Bitcoin in the lightning network called?
millisatoshi
2. Who or what decides the dollar price of a Bitcoin?
Supply & Demand
3. What is the worst way to own actual Bitcoin?
Investing in ETF
4. What does the B in the acronym BOLT stand for?
Basis
5. Which well known Bitcoin OG develops the nostr client Iris?
Martii Malmi
6. Which job did Michael Saylor have as a kid?
Paperboy
7. The official Bitcoin wallet of El Salvador is called Chivo, what does that translate to?
Goat
8. In 2013 Dmitr Rassah Murashchick sold how many Bitcoin to purchase a Toyota Prius?
1000 BTC
9. Which was the first notable Bitcoin Hardfork?
Bitcoin XT
10. Can you trace every single satoshi back to it's originating block?
No.
11. What is not a common Mining Pool payout scheme?
Pay-per-View
12. What was the largest number of outputs in a single Bitcoin transaction?
13000
13. What was the name of the very first delivered ASIC miner?
Avalon A1
14. Which elliptic curve is used in Bitcoins Public Key Cryptography?
Secp256k1
15. Which previously existing function was removed from Bitcoin Core version 0.8.0?
IP transactions
16. How many hops can a lightning payment take until it reaches its destination?
27
17. Which of these is the oldest Bitcoin Exchange?
Bitcoinmarket. com
18. At that time in March 2010, what was the price of 1 Bitcoin?
$0.003
19. What is the name of the boardgame that Ross Ulbricht invented in prison?
Merchants of Venice
20. Who invented the Proof of Work mechanism?
Cynthia Dwork & Moni Naor
21. What is the proposed alternative to the UTXO set that would allow Full Nodes to efficiently obtain and verify information about spent UTXOs and could dramatically speed up the Initial Block Download, called?
Utreexo
seedor_io
npub1r8…qwym8
2023-10-22 20:31:59
Author Public Key
npub1r8343wqpra05l3jnc4jud4xz7vlnyeslf7gfsty7ahpf92rhfmpsmqwym8Published at
2023-10-22 20:31:59Event JSON
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"content": "🏆Think you've got Bitcoin knowledge? In our nostr:npub1qv02xpsc3lhxxx5x7xswf88w3u7kykft9ea7t78tz7ywxf7mxs9qrxujnc 'WHO WANTS TO BE SATOSHI MILLIONAIRE' quiz, a surprising number of participants picked incorrect answers. \n\n👇Play the 21 questions down in the poll now! 👇\nThank you to this month's sponsor @lrothbardian who paid 1,000,000 Sats!💰\n\n1. What is the smallest unit of Bitcoin in the lightning network called?\nBits\nmillibitcoin\nmillisatoshi\nSatoshi\n\n2. Who or what decides the dollar price of a Bitcoin?\nBitcoin Core Developers\nA sophistaced algorithm\nSupply \u0026 Demand\nReptilian overlords\n\n3. What is the worst way to own actual Bitcoin?\nOn an exchange (Kraken)\nPeer 2 Peer (Bisq)\nInvesting in ETF\nThrough a Bitcoin ATM\n\n4. What does the B in the acronym BOLT stand for?\nBlockchain\nBasis\nBlockstream\nBitcoin\n\n5. Which well known Bitcoin OG develops the nostr client Iris?\nAmir Taaki\nMartii Malmi\nJohn Carvalho\nTuur Demeester\n\n6. Which job did Michael Saylor have as a kid?\nMcDonald's\nPaperboy\nForklift operator\nSurf teacher\n\n7. The official Bitcoin wallet of El Salvador is called Chivo, what does that translate to?\nCash\nHope\nGoat\nIt's a made up word.\n\n8. In 2013 Dmitr Rassah Murashchick sold how many Bitcoin to purchase a Toyota Prius?\n10 BTC\n100 BTC\n1000 BTC\n10000 BTC\n\n9. Which was the first notable Bitcoin Hardfork?\nBitcoin Cash\nBitcoin Unlimited\nBitcoin XT\nBitcoin Classic\n\n10. Can you trace every single satoshi back to it's originating block?\nYes.\nNo.\n\n11. What is not a common Mining Pool payout scheme?\nPay-per-share\nFull-pay-per-share\nPay-per-last N Shares\nPay-per-View\n\n12. What was the largest number of outputs in a single Bitcoin transaction?\n13\n130\n1300\n13000\n\n13. What was the name of the very first delivered ASIC miner?\nButterfly Jalapeno\nAvalon A1\nBitmain Antminer S1\nBlock Eruptor\n\n14. Which elliptic curve is used in Bitcoins Public Key Cryptography?\nEd25519\nBlowfish\nCurve 256\nSecp256k1\n\n15. Which previously existing function was removed from Bitcoin Core version 0.8.0?\nPay to Pubkey\nMnemonic Seed\nIP transactions\nBlockchain pruning\n\n16. How many hops can a lightning payment take until it reaches its destination?\nOnly one\n27\n1,300\nThere is no limit\n\n17. Which of these is the oldest Bitcoin Exchange?\nMtGox\nLibertyX\nBitgrail\nBitcoinmarket. com\n\n18. At that time in March 2010, what was the price of 1 Bitcoin?\n$3\n$0.30\n$0.03\n$0.003\n\n19. What is the name of the boardgame that Ross Ulbricht invented in prison?\nMuch Ado About Mining\nMacbethcoin\nMerchants of Venice\nHodlet\n\n20. Who invented the Proof of Work mechanism?\nAdam Back \u0026 Hal Finney\nCynthia Dwork \u0026 Moni Naor\nW. Diffie \u0026 M. Hellmann\nDan Boneh \u0026 Ben Lynn\n\n21. What is the proposed alternative to the UTXO set that would allow Full Nodes to efficiently obtain and verify information about spent UTXOs and could dramatically speed up the Initial Block Download, called?\nYutee\nUtreexo\nUtEXo\nUTXOracle\n\n\n\nANSWERS BELOW:\n\n1. What is the smallest unit of Bitcoin in the lightning network called?\n\nmillisatoshi\n\n\n2. Who or what decides the dollar price of a Bitcoin?\n\nSupply \u0026 Demand\n\n\n3. What is the worst way to own actual Bitcoin?\n\nInvesting in ETF\n\n4. What does the B in the acronym BOLT stand for?\n\nBasis\n\n5. Which well known Bitcoin OG develops the nostr client Iris?\n\nMartii Malmi\n\n6. Which job did Michael Saylor have as a kid?\n\nPaperboy\n\n7. The official Bitcoin wallet of El Salvador is called Chivo, what does that translate to?\n\nGoat\n\n8. In 2013 Dmitr Rassah Murashchick sold how many Bitcoin to purchase a Toyota Prius?\n\n1000 BTC\n\n9. Which was the first notable Bitcoin Hardfork?\n\nBitcoin XT\n\n10. Can you trace every single satoshi back to it's originating block?\n\nNo.\n\n11. What is not a common Mining Pool payout scheme?\n\nPay-per-View\n\n12. What was the largest number of outputs in a single Bitcoin transaction?\n\n13000\n\n13. What was the name of the very first delivered ASIC miner?\n\nAvalon A1\n\n14. Which elliptic curve is used in Bitcoins Public Key Cryptography?\n\nSecp256k1\n\n15. Which previously existing function was removed from Bitcoin Core version 0.8.0?\n\nIP transactions\n\n16. How many hops can a lightning payment take until it reaches its destination?\n\n27\n\n17. Which of these is the oldest Bitcoin Exchange?\n\nBitcoinmarket. com\n\n18. At that time in March 2010, what was the price of 1 Bitcoin?\n\n$0.003\n\n19. What is the name of the boardgame that Ross Ulbricht invented in prison?\n\nMerchants of Venice\n\n20. Who invented the Proof of Work mechanism?\n\nCynthia Dwork \u0026 Moni Naor\n\n21. What is the proposed alternative to the UTXO set that would allow Full Nodes to efficiently obtain and verify information about spent UTXOs and could dramatically speed up the Initial Block Download, called?\n\nUtreexo",
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