Satoshi Hard Quiz - Satoshi's Journal

Satoshi's Hard Quiz

Are you an expert on Bitcoin? Test your Bitcoin knowledge with the Satoshi's Hard Quiz

1 / 16

Bitcoin's mining difficulty is adjusted after how many blocks?

512

1024

2016

2121

2 / 16

What is better name for a "Bitcoin wallet?"

Transaction Viewer

Signal Reader

Sats Grouper

Device Signer

3 / 16

Which is not included in a block's header?

Merkle root

Hash corresponding to the previous block

Watts of Electricity used mining the block

Timestamp and nonce

4 / 16

What percentage of the total supply of Bitcoin was mined during the first epoch?

10%

25%

50%

90%

5 / 16

Which person is not cited in the whitepaper?

Adam Back

Wei Dai

Ralph Merkle

Len Sassaman

6 / 16

Why are non-KYC sats typically valued by Bitcoiners

Better Security

Better Privacy

Increased Fungibility

Faster Transaction Speed

7 / 16

What is not something a Bitcoin maximalist would say?

"Not your keys, not your coins"

"Careful trading can increase your stack"

"Code is speech"

"Don't trust, verify"

8 / 16

What statement has nothing to do with a multi-signature transaction?

Three of five

Multi sig is a smart contract

Creating a yield

Opening a Lightning channel

9 / 16

As of 2022 quarter 4, how much liquidity does the Lightning Network have?

1000 BTC

2500 BTC

5000 BTC

10,000 BTC

10 / 16

What does "inbound liquidity" mean for a Lighting channel?

It is the amount of sats you can send

It is the amount of sats that you can recieve

It is the total amount of sats in your channel

It is the cost of opening a channel

11 / 16

What is not true about the Lightning Network?

Opening a channel is an on-chain transaction

It can theoretically scale to millions of transactions per second

It provides instant settlement

Transactions are less private than on-chain transactions

12 / 16

What will definitely happen when a significant amount of hashing power is added to the network?

Block times will decrease

Block times will increase

It will become more difficult to mine a block

The USD price will quickly increase

13 / 16

Proof-of-Work establishes what?

Consensus on the order of blocks

The UTXO distribution

The size of the blocks

Who owns which Bitcoin

14 / 16

Why is Bitcoin different to Email?

Bitcoin transactions have no Sender

Bitcoin transactions have no Receiver

Bitcoin transactions can be copied

Bitcoin transactions aren't really data

15 / 16

Which hypothetical situation describes "the double spend problem" that Bitcoin solved?

Roman Emporer

Catholic Priest

Byzantine General

Norse God

16 / 16

Who benefits from the Cantillon Effect?

The Middle Class

The Unbanked

The Rich

No one benefits

Your score is

The average score is 69%