CEX Quiz Answers 22 March 2025
1. What philosophical point does the video make about cryptocurrency?
– It aims to solve financial problems in new ways rather than recycling old solutions.
2. According to the video, what is the main contradiction of backing Bitcoin with gold?
– It combines the volatility of crypto with the inconvenience of storing physical metal.
3. What analogy is used to describe retrofitting old solutions onto new technology?
– Like inventing automobiles but insisting they be pulled by horses.
4. What humorous payment scenario is mentioned in the speech?
– Offering an unsolved equation as rent payment when the internet is down.
5. According to the video, what was NOT Satoshi Nakamoto’s intention when creating Bitcoin?
– Having to transport physical metal to make it work.
6. How does the video describe the verification process if Bitcoin were backed by gold?
– Someone physically driving to Fort Knox with measuring tools.
7. In the video, what comparison is made to describe backing Bitcoin with gold?
– Like putting wheels on a submarine.
8. What perspective does the video take on Bitcoin and gold?
– Each has value in its own right for different reasons.
9. What audience is humorously mentioned at the beginning of the video?
– Confused relatives who ask for computer help.
10. What storage problem is mentioned regarding gold-backed Bitcoin?
– The possibility of leaving Bitcoin worth of gold bars at airport security.
11. What example does the video give about lost Bitcoin?
– Unclaimed gold sitting in warehouses due to lost private keys.
12. According to the video, what activities would Bitcoin miners do if Bitcoin were not backed by gold?
– Computer digging and bartering.
13. What do traders use to predict crypto prices?
– Technical indicators, AI, and emotions
14. What does the video suggest most crypto investors end up doing?
– HODLing, hoping, and yelling at charts
15. What is said to be the only certainty in crypto?
– Volatility
16. What do meme coins usually say?
– “TO THE MOON!”
17. What is the main idea of the video?
– The crypto market is unpredictable but follows certain patterns
18. If crypto could truly predict the future, what would happen?
– Everyone would be rich and living on a beach
19. Why can’t crypto perfectly predict the future?
– Because human behavior is unpredictable.
20. What is the final message of the video?
– Expect the unexpected.
21. What is one reason why crypto predictions fail?
– Human emotions like panic and FOMO.
22. What does Ethereum “whisper” in the video?
– “Invest in AI… and stop ordering so much takeout.”
23. What happens when a billionaire tweets a dog emoji?
– The market reacts unpredictably.
24. What does the video compare crypto to?
– A crystal ball
Open CEX IO Bot: https://t.me/cexio_tap_bot?start=1726737471260929
#CEXQuiz #CEXIOQuiz
1. What philosophical point does the video make about cryptocurrency?
– It aims to solve financial problems in new ways rather than recycling old solutions.
2. According to the video, what is the main contradiction of backing Bitcoin with gold?
– It combines the volatility of crypto with the inconvenience of storing physical metal.
3. What analogy is used to describe retrofitting old solutions onto new technology?
– Like inventing automobiles but insisting they be pulled by horses.
4. What humorous payment scenario is mentioned in the speech?
– Offering an unsolved equation as rent payment when the internet is down.
5. According to the video, what was NOT Satoshi Nakamoto’s intention when creating Bitcoin?
– Having to transport physical metal to make it work.
6. How does the video describe the verification process if Bitcoin were backed by gold?
– Someone physically driving to Fort Knox with measuring tools.
7. In the video, what comparison is made to describe backing Bitcoin with gold?
– Like putting wheels on a submarine.
8. What perspective does the video take on Bitcoin and gold?
– Each has value in its own right for different reasons.
9. What audience is humorously mentioned at the beginning of the video?
– Confused relatives who ask for computer help.
10. What storage problem is mentioned regarding gold-backed Bitcoin?
– The possibility of leaving Bitcoin worth of gold bars at airport security.
11. What example does the video give about lost Bitcoin?
– Unclaimed gold sitting in warehouses due to lost private keys.
12. According to the video, what activities would Bitcoin miners do if Bitcoin were not backed by gold?
– Computer digging and bartering.
13. What do traders use to predict crypto prices?
– Technical indicators, AI, and emotions
14. What does the video suggest most crypto investors end up doing?
– HODLing, hoping, and yelling at charts
15. What is said to be the only certainty in crypto?
– Volatility
16. What do meme coins usually say?
– “TO THE MOON!”
17. What is the main idea of the video?
– The crypto market is unpredictable but follows certain patterns
18. If crypto could truly predict the future, what would happen?
– Everyone would be rich and living on a beach
19. Why can’t crypto perfectly predict the future?
– Because human behavior is unpredictable.
20. What is the final message of the video?
– Expect the unexpected.
21. What is one reason why crypto predictions fail?
– Human emotions like panic and FOMO.
22. What does Ethereum “whisper” in the video?
– “Invest in AI… and stop ordering so much takeout.”
23. What happens when a billionaire tweets a dog emoji?
– The market reacts unpredictably.
24. What does the video compare crypto to?
– A crystal ball
Open CEX IO Bot: https://t.me/cexio_tap_bot?start=1726737471260929
#CEXQuiz #CEXIOQuiz
Farm CEXP tokens and earn rewards! CEX.IO App makes it simple and secure to buy, exchange, and store cryptocurrencies
