Bitcoins part 1

• Engels
• Voortgezet speciaal onderwijs

Bitcoins part 1

Goal

After this lesson you can:

• understand a conversation about bitcoins answer the questions about the conversation

Vocabulary

I'm really kicking myself.

Kicking oneself means to be annoyed or disappointed in oneself.

Vocabulary

It's like a chicken and an egg thing.

A chicken and an egg thing is a puzzle or riddle with no definite answer. 

Vocabulary

Like get a foot in the door, I should say.

Getting a foot in the door means getting an opportunity or taking the first step.

Vocabulary

This market came out of nowhere.

When something comes out of nowhere, it is highly unexpected and surprising. 

Vocabulary

That's where it kind of gained the underground movement.

Underground movements are secret operations that work outside the establishment.

Vocabulary

If you break it down, it's just paper.

To break something down means to analyze it and separate it into its parts.

Attention......

Listen carefully to the conversation

Bitcoins

Did you pay attention?

Then answer the following questions. Some questions may require multiple answers.

When did Anthony first get into bitcoin as a hobbyist?

1. 2007
2. 2012
3. 2014

What do bitcoin miners do?

1. solve riddles
2. solve math problems
3. Solve crypto problems

What type of mining is more likely to find a block?

1. solo mining
2. pool mining
3. circuit mining

Why is Satoshi Nakamoto called the alleged creator of bitcoin?

1. No one knows his real identity
2. Only a team could have created it
3. Someone else from Cyperphunks created it

What is the approximate value of a bitcoin now?

1. $20
2. $8500
3. $100

Read-Think-Speak

Do you have bitcoins or know someone who has?

Do you know the bitcoin family from Holland?

Do you have the courage to live like them?

Any questions?

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