🔄 CEXiO Quiz
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➡️Task: "What If Bitcoin Was Backed by Gold?"
1. What activity does the video suggest Bitcoin miners would do if Bitcoin was backed by gold?
✔️Trade computers for pickaxes and hard hats
2. According to the video, what is the main contradiction of backing Bitcoin with gold?
✔️It combines the volatility of crypto with the inconvenience of storing physical metal
3. According to the video, what was NOT Satoshi Nakamoto's intention when creating Bitcoin?
✔️Having to transport physical metal to make it work
4. What philosophical point does the video make about cryptocurrency?
✔️It aims to solve financial problems in new ways rather than recycling old solutions.
5. What storage problem is mentioned regarding gold-backed Bitcoin?
✔️The possibility of leaving Bitcoin worth of gold bars at airport security.
6. What analogy is used to describe retrofitting old solutions onto new technology?
✔️Like inventing automobiles but insisting they be pulled by horses.
7. How does the video describe the verification process if Bitcoin were backed by gold?
✔️Someone physically driving to Fort Knox with measuring tools.
8. What humorous payment scenario is mentioned in the speech?
✔️Offering an unsolved equation as rent payment when the internet is down.
9. In the video, what comparison is made to describe backing Bitcoin with gold?
✔️Like putting wheels on a submarine.
10. What audience is humorously mentioned at the beginning of the video?
✔️Confused relatives who ask for computer help.
11. According to the video, what activities would Bitcoin miners do if Bitcoin were not backed by gold?
✔️Computer digging and bartering.
12. What perspective does the video take on Bitcoin and gold?
✔️Each has value in its own right for different reasons.
13. What example does the video give about lost Bitcoin?
✔️Unclaimed gold sitting in warehouses due to lost private keys.
➡️Task: "What If Crypto Could Predict the Future?"
1. What do meme coins usually say?
✔️"TO THE MOON!"
2. What happens when a billionaire tweets a dog emoji?
✔️The market reacts unpredictably.
3. Why can't crypto perfectly predict the future?
✔️Because human behavior is unpredictable.
4. What does the video compare crypto to?
✔️A crystal ball
5. What does Ethereum “whisper” in the video?
✔️“Invest in AI… and stop ordering so much takeout.”
6. What do traders use to predict crypto prices?
✔️Technical indicators, AI, and emotions
7. If crypto could truly predict the future, what would happen?
✔️Everyone would be rich and living on a beach
8. What is the final message of the video?
✔️Expect the unexpected.
9. What is one reason why crypto predictions fail?
✔️Human emotions like panic and FOM
10. What is the main idea of the video?
✔️The crypto market is unpredictable but follows certain patterns
11. What is said to be the only certainty in crypto?
✔️Volatility
12. What does the video suggest most crypto investors end up doing?
✔️HODLing, hoping, and yelling at charts
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