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Round 1 Answers

General 101

1a

1. Which of the following latin letters can never be found in the bitcoin address in the lower case?

L
X
M
U

2. What is the story of ‘Segwit2x’?

It was cancelled
It was successfully implemented as a softfork in November, 2017
It was delayed till September, 2019
It was implemented as a hardfork which created BTC Diamond coin

3. Which of the following people was the closest (to the actual numbers) in predicting Bitcoin price in 2018?

Tom Lee
John Mcafee
Kay Van-Petersen
Arthur Hayes

4. What is the market share of the decentralized exchanges?

<1%
5%
2%
10%

5. US citizens and permanent residents are usually not allowed to participate in token sales, unless they are ‘accredited investors’. Which of the following is a requirement for receiving ‘accredited investors’ status in the US?

Earning $200,000 or more in income in each of the two most recent years
Receiving a degree in finance from certified college/university
Owning a house and a piece of land
Having debt-to-income ratio less than 0.3 for the six most recent months


1b

1. What was the first digital currency?

DigiCash
Bitcoin
E-gold
Ethereum

2. This company says it is using top-secrets bunkers for the cryptocurrency vaults.

Xapo
Ledger
Trezor
Jaxx

3. What is Bart indicator?

The pattern that occurs when a sideways action follows an unexpected spike in price, and then the price drops back again suddenly
The pattern that occurs when a sideways action follows an unexpected drop in price, and then the price spikes back again suddenly.
The pattern that occurs when an unexpected drop in price follows sideways action, and then the price spikes back again suddenly.
The pattern that occurs when an unexpected spike in price follows sideways action, and then the price drops back again suddenly.

4. By which year the Bitcoin mining is expected to stop (the last BTC is generated)?

2140
2040
2020
2060

5. Around 500,000 ETH were locked due to the error in THIS wallet's smart contract

Parity
Electrum
Mt GOX wallet
Mist


1c

1. What project from the list has never been funded using IEO?

Mixin
Bread wallet
Newton Blockchain
Biido

2. Select #defi project which services are not connected to prediction markets

Aragon
Veil
Helena
Augur

3. Satoshi Nakamoto was a part of this movement:

Cypherpunks
Coderpunks
BTCpunks
Privacypunks

4. Localbitcoins has recently banned this option for its OTC Bitcoin trading (ironically, being the first option to buy or sell BTC via their service)

BTC for cash in-person
BTC for LTC transaction
BTC for Webmoney transfer
BTC for pizza delivery

5. This New Zealand exchange is undergoing a liquidation process after the hack, which resulted in a major loss of funds

Cryptopia
Bitprime
Coinrail
Dasset

General 101 - Crosswords

Puzzle 1

1. A questionable and usually failing practice in community building and promotion, determined as giving free tokens to random people. Airdrop
2. The author of a famous BTC hard fork was sentenced for almost a year in prison for trading these goods in early 2000-s. Explosives
3. Everyone in the cryptospace knows the story of two pizzas bought for 10,000 BTC back in 2010. Who was the CEO of a pizza company at that moment (last name)? Schnatter
4. In which city a skinny co-founder of Ethereum was born. Kolomna
5. A top-30 cryptocurrency has a privacy-centered browser as a part of it’s ecosystem. What is the name of the browser? Brave

Puzzle 2

1. The primary coding language for developing smart-contract on Ethereum. Solidity
2. Users are required to have this token to participate in the gate.io discount sales. Gatechain Token
3. The Consensus conference used this famous hotel chain as a venue in 2018 and 2019. What is the first name of this chain founder? Conrad
4. The headquarters of a Bitcoin OTC trading service, founded in 2012 and allowing buying and selling BTC for local currency are located in this city. Helsinki
5. The CEO of the company behind 3rd biggest cryptocurrency joined it after leaving THIS company. Hightail

Puzzle 3

1. Trading practice that takes advantage of differences in price of the same commodity in two or more exchanges. Arbitrage
2. The last name of one of the most notorious figures in the cryptospace and the creator of an infamous cryptocurrency, delisted from several exchanges in Spring 2019. Wright
3. There are three animals associated with the trading. What is the latin name of the cryptousers’ favorite animal? Same as a Ford model series. Taurus
4. In which city a skinny co-founder of Ethereum was born. Kolomna
5. Company that conducted the third IEO on Binance is located in this state. California