🏆Think you've got Bitcoin knowledge? In our nostr:npub1qv02xpsc3lhxxx5x7xswf88w3u7kykft9ea7t78tz7ywxf7mxs9qrxujnc 'WHO WANTS TO BE SATOSHI MILLIONAIRE' quiz, a surprising number of participants picked incorrect answers.

👇Play the 21 questions down in the poll now! 👇

Thank you to this month's sponsor @lrothbardian who paid 1,000,000 Sats!💰

1. What is the smallest unit of Bitcoin in the lightning network called?

Bits

millibitcoin

millisatoshi

Satoshi

2. Who or what decides the dollar price of a Bitcoin?

Bitcoin Core Developers

A sophistaced algorithm

Supply & Demand

Reptilian overlords

3. What is the worst way to own actual Bitcoin?

On an exchange (Kraken)

Peer 2 Peer (Bisq)

Investing in ETF

Through a Bitcoin ATM

4. What does the B in the acronym BOLT stand for?

Blockchain

Basis

Blockstream

Bitcoin

5. Which well known Bitcoin OG develops the nostr client Iris?

Amir Taaki

Martii Malmi

John Carvalho

Tuur Demeester

6. Which job did Michael Saylor have as a kid?

McDonald's

Paperboy

Forklift operator

Surf teacher

7. The official Bitcoin wallet of El Salvador is called Chivo, what does that translate to?

Cash

Hope

Goat

It's a made up word.

8. In 2013 Dmitr Rassah Murashchick sold how many Bitcoin to purchase a Toyota Prius?

10 BTC

100 BTC

1000 BTC

10000 BTC

9. Which was the first notable Bitcoin Hardfork?

Bitcoin Cash

Bitcoin Unlimited

Bitcoin XT

Bitcoin Classic

10. Can you trace every single satoshi back to it's originating block?

Yes.

No.

11. What is not a common Mining Pool payout scheme?

Pay-per-share

Full-pay-per-share

Pay-per-last N Shares

Pay-per-View

12. What was the largest number of outputs in a single Bitcoin transaction?

13

130

1300

13000

13. What was the name of the very first delivered ASIC miner?

Butterfly Jalapeno

Avalon A1

Bitmain Antminer S1

Block Eruptor

14. Which elliptic curve is used in Bitcoins Public Key Cryptography?

Ed25519

Blowfish

Curve 256

Secp256k1

15. Which previously existing function was removed from Bitcoin Core version 0.8.0?

Pay to Pubkey

Mnemonic Seed

IP transactions

Blockchain pruning

16. How many hops can a lightning payment take until it reaches its destination?

Only one

27

1,300

There is no limit

17. Which of these is the oldest Bitcoin Exchange?

MtGox

LibertyX

Bitgrail

Bitcoinmarket. com

18. At that time in March 2010, what was the price of 1 Bitcoin?

$3

$0.30

$0.03

$0.003

19. What is the name of the boardgame that Ross Ulbricht invented in prison?

Much Ado About Mining

Macbethcoin

Merchants of Venice

Hodlet

20. Who invented the Proof of Work mechanism?

Adam Back & Hal Finney

Cynthia Dwork & Moni Naor

W. Diffie & M. Hellmann

Dan Boneh & Ben Lynn

21. What is the proposed alternative to the UTXO set that would allow Full Nodes to efficiently obtain and verify information about spent UTXOs and could dramatically speed up the Initial Block Download, called?

Yutee

Utreexo

UtEXo

UTXOracle

ANSWERS BELOW:

1. What is the smallest unit of Bitcoin in the lightning network called?

millisatoshi

2. Who or what decides the dollar price of a Bitcoin?

Supply & Demand

3. What is the worst way to own actual Bitcoin?

Investing in ETF

4. What does the B in the acronym BOLT stand for?

Basis

5. Which well known Bitcoin OG develops the nostr client Iris?

Martii Malmi

6. Which job did Michael Saylor have as a kid?

Paperboy

7. The official Bitcoin wallet of El Salvador is called Chivo, what does that translate to?

Goat

8. In 2013 Dmitr Rassah Murashchick sold how many Bitcoin to purchase a Toyota Prius?

1000 BTC

9. Which was the first notable Bitcoin Hardfork?

Bitcoin XT

10. Can you trace every single satoshi back to it's originating block?

No.

11. What is not a common Mining Pool payout scheme?

Pay-per-View

12. What was the largest number of outputs in a single Bitcoin transaction?

13000

13. What was the name of the very first delivered ASIC miner?

Avalon A1

14. Which elliptic curve is used in Bitcoins Public Key Cryptography?

Secp256k1

15. Which previously existing function was removed from Bitcoin Core version 0.8.0?

IP transactions

16. How many hops can a lightning payment take until it reaches its destination?

27

17. Which of these is the oldest Bitcoin Exchange?

Bitcoinmarket. com

18. At that time in March 2010, what was the price of 1 Bitcoin?

$0.003

19. What is the name of the boardgame that Ross Ulbricht invented in prison?

Merchants of Venice

20. Who invented the Proof of Work mechanism?

Cynthia Dwork & Moni Naor

21. What is the proposed alternative to the UTXO set that would allow Full Nodes to efficiently obtain and verify information about spent UTXOs and could dramatically speed up the Initial Block Download, called?

Utreexo