The Crypto Quiz #1
Bitcoin just went past $5000 today in an astonishing bull run. Does not seem like a fad any more, does it ?
Suddenly feels like - "gee did we miss a trick back in 2010" when Bitcoins were going at $50 a pop?
All of a sudden everyone is talking about Bitcoins, Eheriums, Litecoins, CoinBase, Blockchains and so on. But how much do we really know? By "we" I mean the ordinary guy on the road, not obsessed bitcoin miners, cranking their GPUs in massive bitcoin mining farms, shrouded in obscurity.
So I started right at the basics , and as I studied, I made small notes (quick questions and answers in flash cards) to help me remember. It helped a lot. Not that I am (or will be) a crypto expert, but at least I now understand it better. I understand how it is valued, when it will be devalued, how I can buy it if I want to and understand the basic risks associated with it.
On a hunch, I decided to convert my flash cards into interactive quizzes that can help others like me learn as well. Hope it helps someone else like me :)
This is the first in the series. Enjoy.