Satoshi Beginner Quiz - Satoshi's Journal

Satoshi's Beginner Quiz

Test your Bitcoin knowledge with the Satoshi Beginner Quiz

1 / 16

What is Bitcoin best compared to?

Gold

Debit card

Credit card

Stock

2 / 16

When did Bitcoin go online?

2007

2009

2011

2013

3 / 16

Who created Bitcoin?

Elon Musk

Craig Wright

Bill Gates

Satoshi

4 / 16

What year will the last bitcoin be mined?

The last bitcoin has already been mined

2040

2140

New bitcoin will be mined forever

5 / 16

Which is not a component of Bitcoin?

Banks

Nodes

Miners

Blockchain

6 / 16

What is the approximate maximum supply of Bitcoin?

21,000,000

2,100,000

210,000

There is no max supply

7 / 16

About how much time does it take for a Bitcoin block to be mined?

1 minute

10 minutes

100 minutes

1000 minutes

8 / 16

How many sats are in 1 Bitcoin?

100

1,000

100,000,000

100,000,000,000

9 / 16

What do the numbers 12-24 typically represent in Bitcoin?

Time to mine one Bitcoin block

Number of Bitcoin mined per hour

Number of nodes necessary to verify transactions

Length of Bitcoin seed phrases

10 / 16

What is the color of the Bitcoin logo?

Orange

Blue

Red

Green

11 / 16

What was the size of Bitcoin's premine?

500

5,000

50,000

Bitcoin didn't have a premine

12 / 16

What consensus algorithm does Bitcoin use?

Proof-of-Work

Proof-of-Stake

Proof-of-Coin

Proof-of-Block

13 / 16

What is not true about Bitcoin?

Limited supply

No person or group in charge

Impossible to hack

Transactions can be reversed

14 / 16

How much bitcoin is awarded per block this year (2022)?

3.125

6.25

12.5

15 / 16

Which is not a direct way you can acquire Bitcoin?

Government stimulus

Mining

Peer-to-peer trade

An Exchange

16 / 16

What was the first name of the person who received the first Bitcoin transaction?

Pete

Hal

Chris

Steve

Your score is

The average score is 78%

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