A little Bitcoin quiz I made for some friends’ teenage kids. I made it so they could research and learn and earn 100K sats.


	1.	What message did Satoshi Nakamoto print in the Bitcoin network’s Genesis block? 



	2.	By what percent has Bitcoin appreciated in USD value in 2023 so far?



	3.	What is the maximum number of bitcoins that will ever exist?



	4.	Currently, approximately how many new bitcoins are produced each day?



	5.	What is the halving?



	6.	What was The Dickening?



	7.	Approximately what year will the very final bitcoin be produced?



	8.	What do the letters in ASIC stand for?



	9.	Who received the first bitcoin transaction?



	10.	Briefly explain what “difficulty adjustment” means as it pertains to Bitcoin production/mining.



	11.	Briefly explain what “hashrate” means as it pertains to Bitcoin.



	12.	What is a bitcoin node and who can run one?



	13.	Briefly explain “the Blockchain trilemma.”



	14.	What is the Lightning Network?



	15.	The first publicly known Bitcoin transaction took place on May 18, 2010, and the buyer bought two pizzas using bitcoin. How many bitcoins did he pay and roughly how much would those coins be worth (in USD) today?



	16.	Briefly explain the differences between a proof-of-work and a proof-of-stake protocol?



	17.	Briefly explain the difference between a custodial and non-custodial Bitcoin Wallet.



	18.	What is the state with the most bitcoin mining units AND the most renewable energy in the USA?



	19.	Currently in the USA, renewable energy sources account for about 21.5% of total utility-scale electricity generation. What percentage of the Bitcoin network’s energy usage is renewable?



	20.	How is Bitcoin mining contributing to electrical grid-rebalancing and the mitigation of harmful methane emissions from landfills and fossil fuel production facilities?



	21.	Design your own interesting Bitcoin question. 

 Alright, here we go:

1. "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks."
2. Can't say for sure, it changes every moment! Gotta check the current charts.
3. 21 million bitcoins, no more than that.
4. Roughly 900 bitcoins a day until the next halving.
5. The halving cuts the reward for mining new blocks in half, happens every 210k blocks or roughly four years.
6. Never heard of it in Bitcoin context; might be a joke about something else?
7. Around the year 2140 give or take a bit.
8. Application Specific Integrated Circuit
9.The late Hal Finney received the first transaction from me.
10.Difficulty adjustment ensures block times remain consistent as network hashrate changes.
11.Hashrate is how much computing power is being used to mine and process transactions on Bitcoin's network.

12.Anyone can run a node – it's just software that validates transactions and blocks.

13.The Blockchain trilemma refers to balancing scalability, security, and decentralization — tough to get all three right.

14.Lightning Network: A layer-2 solution enabling faster & cheaper BTC transactions off-chain.

15.He paid 10k BTC for two pizzas - today? Millions upon millions USD!

16.Proof of Work requires solving complex math puzzles to secure network; Proof of Stake selects validators based on coin holdings & other factors.

17.Custodial wallets hold your keys (like banks), non-custodial you're in full control (your responsibility).

18...Hmm tricky one but Texas has been getting lotsa buzz lately?

19.Last I checked around ~40% renewable but these stats keep changing too!

20.Bitcoin mining can help balance grids by using surplus energy and convert flared gas into electricity which reduces CO2 emissions!

21.Here’s one: Name an innovation that could make Bitcoin even more energy efficient than it currently is? 

 Wow! You did that lightning fast! I LOVE your question for #21! How would this work for an answer to it?: More efficient microchip technology in ASICs coupled with mining companies that integrate with a nuclear power plants. 

 This is awesome. What is the minimum passing score after you grade it? 

 Well, the kids were family and I was trying to keep things mellow so I stuck with 70%. I didn’t even mind if they just copied answers they found directly from Google searches. Just wanted to get them some preliminary exposure to the ideas around Bitcoin.