close up shot of a bitcoin

What is the smallest unit of a Bitcoin called? (1/100,000,000)

  • A sat, or satoshis

Who is the pseudonymous creator of Bitcoin?

  • Satoshi Nakamoto

When was the Bitcoin network launched?

  • January 3rd, 2009

What was Satoshi targeting through the creation of Bitcoin?

  • Centralization
  • Censorship
  • Trust in 3rd parties

What is the Bitcoin White Paper?

  • Satoshi’s outline for Bitcoin

Bitcoin is decentralized. What does this mean?

  • The network is stored on many machines globally

Up until Bitcoin’s release, who controlled the entire production of money?

  • Central banks
  • Governments

What is self-custody?

  • Storing your Bitcoin yourself

Since no person(s) can stop others from using Bitcoin, it is __________________.

  • Censorship-resistant

What were Satoshi’s two main objectives with Bitcoin?

  • Separate money from central authority
  • Create a fair and reliable money
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