What is the Bitcoin review?
The Bitcoin Exam is a 50-question test designed to help retail investors assess their understanding of Bitcoin.
As the price of bitcoin has climbed beyond $ 60,000 in 2021, retail investor interest has reached an all-time high. People who have little or no understanding of bitcoin have taken to the hype after being swept away, to panic, sell when the price was then corrected by over 50%. While families and retail investors have a lot to gain from bitcoin in the long run, few understand it well enough to withstand volatility and come out on the other side. To help solve this problem, I created The Bitcoin Exam so that these people can better identify the gaps in their knowledge and really understand the unfolding currency revolution.
The exam itself lasts around 20 minutes on average and consists of 50 multiple-choice questions. It begins with basic questions about the technology behind Bitcoin, before moving on to questions about its application, history, and monetary economy.
Passing the exam should not be considered a prerequisite for purchasing bitcoin. In fact, I hope the review helps more people “start from scratch,” with a link at the end to wallets that participants can use to start averaging costs and saving bitcoin.
Bitcoin will inevitably become the world’s reserve asset. But, how can we expect this to happen if the vast majority of people still don’t understand it?
Improving financial literacy and educating the world about bitcoin will be key to continuing to drive global adoption and that is exactly what this review aims to do.
Do Bitcoin critics even understand the very technology they are talking about?
Did Senator Warren sit down and read the Bitcoin White Paper? Does Paul Krugman Understand the Beauty of Bitcoin’s Difficulty Adjustment? Does Peter Schiff understand the Lightning Network that transfers billions of dollars of value peer-to-peer from anywhere in the world?
I guess the majority of those people who doubled down on their reviews of bitcoin, even in the face of its growing success, didn’t take the time to research and understand it. The review can help serve as a tool to determine the credibility of financial commentators and regulators contributing to the FUD surrounding bitcoin. Their understanding needs to be tested before we let them continue to spout uneducated bitcoin nonsense.
For this initiative to be successful, it must reach the masses. Getting the plebs to pass the review on “Bitcoin Twitter” is great, but for it to have a meaningful impact it needs to spread to workplaces, universities and schools.
I count on everyone in the Bitcoin community to help make this project a success by sharing and recommending the review to friends, subscribers, and anyone who will listen.
I also appreciate the feedback on the review, how it could be improved and what apps it could potentially have – just email me:
Help me educate the world about Bitcoin:
This is a guest article by Steffan Allen. The opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.