Bitcoin and Blockchain Basics

Original slide files are available in the local preview. Public distribution is pending source-material review.

What we covered

Used an introductory Bitcoin explainer and a historical price comparison to introduce the topic.
Used trivia to review shared ledgers, decentralization, network computers, smart contracts, and wallets.
Discussed Satoshi Nakamoto and HBO’s Money Electric as prompts about Bitcoin’s origins.

Optional review questions

Choose an answer to review the meeting material. This quiz checks the presentation’s answer key, not current market knowledge. Historical or ambiguous answers carry notes. Responses are not saved.

1. In the cryptocurrency community, what does the term "orange pill" refer to?A security vulnerability in blockchain systemsThe process of converting someone into a Bitcoin believer or enthusiastA type of cryptocurrency hardware walletA legal regulation affecting digital currencies

Source: Question and answer: PDF pages 5–6

2. In simple terms, what is a "blockchain”?A digital ledger of transactions duplicated and distributed across a network of computersA gaming platformA social media networkA type of cloud storage

Source: Question and answer: PDF pages 7–8

3. True or False: Blockchain technology is only used for cryptocurrencies.TrueFalse

Source: Question and answer: PDF pages 9–10

4. What does the term "decentralization" mean in blockchain?Control is given to a central authorityData is stored on a single serverTransactions are slowerControl is distributed across the network with no central authority

Source: Question and answer: PDF pages 11–12

5. Which cryptocurrency platform is known for introducing smart contracts?DogecoinEthereumBitcoinTether

Source: Question and answer: PDF pages 13–14

6. What is the name of the mysterious person or group who created Bitcoin?Vitalik ButerinSatoshi NakamotoElon MuskCharles Hoskinson

Source: Question and answer: PDF pages 15–16

7. In blockchain, what is a "node"A mining algorithmA type of cryptocurrencyA computer that participates in the network by maintaining a copy of the blockchainA smart contract

Source: Question and answer: PDF pages 17–18

8. True or False: Once data is added to a blockchain, it cannot be changed or deleted.TrueFalse

Source: Question and answer: PDF pages 19–20

9. What is one main advantage of blockchain technology?It reduces securityIncreased security and transparency in transactionsCentralized data storageIt makes transactions slower

Source: Question and answer: PDF pages 21–22

10. What is a cryptocurrency "wallet"?A mining deviceA type of blockchain nodeA tool for storing public and private keys and facilitating cryptocurrency transactionsA physical purse for coins

Source: Question and answer: PDF pages 23–24