Refer to
slides
for my talk on electronic money and virtual currencies.
Then, answer at least 5 of the following questions.
Whom is the famous statement "Time is money" attributed to?
(A) Thomas Edison
(B) Abraham Lincoln
(C) Benjamin Franklin
(D) Bonaparte Napoleon
(E) Leonardo da Vinci
What is the name of the very first electronic money developed by Western Union in 1860?
(A) Telegram Transaction
(B) Automatic Money Transaction
(C) Wired Money Transfer
(D) Remote Money Order
(E) Electronic Fund Transfer
What is the proportion of electronic money to the total value of all transactions in USA?
(A) 95%
(B) 90%
(C) 85%
(D) 80%
(E) 70%
What is the virtual currency used in the virtual world "the Second Life"?
(A) Krona
(B) Linden Dollar
(C) Bitcoin
(D) Second
(E) Viva Peso
When the acronym "P2P" is used in the context of online payment, what does it stand for?
(A) Point-to-Point
(B) Peer-to-Peer
(C) Payer-to-Payee
(D) Person-to-Person
(E) Peta-to-Pico
Which online game did Richard Thurman earn money by gold farming?
(A) Counter-Strike
(B) World of Warcraft
(C) Final Fantasy
(D) Lineage
(E) Ultima Online
Which statement is FALSE on cryptocurrencies?
(A) Cryptocurrencies encourage transactions bypassing banks.
(B) Cryptocurrencies offers inexpensive fees for processing transactions.
(C) Cryptocurrencies are suitable for micropayment.
(D) Cryptocurrencies provide a quick boost in sales of a retail store.
(E) Cryptocurrencies use cryptography for security.
How many satoshi's are equivalent to 1 Bitcoin?
(A) 1,000
(B) 1,000,000
(C) 10,000,000
(D) 100,000,000
(E) 1,000,000,000
What is the largest Bitcoin exchange that filed for bankruptcy in Feb. 2014,
caused huge losses of customers' bitcoins, and triggered a sharp drop of a Bitcoin value.
(A) Mt. Gox
(B) Mt. Rainier
(C) BitEx
(D) World Bitcoins
(E) CryptEx
Which is irrelevant to Bitcoins?
(A) Blockchain
(B) Cogeneration
(C) Hash
(D) P2P Network
(E) Mining