samantha
This technology replaces banks as the primary source of trust by verifying transactions through a decentralized network.
blockchain
Which of the following best describes the “feedback loop”?
a) Regulation → adoption → price increase → media coverage
b) Technology → investment → profit → reinvestment
c) Media imaginary → FOMO → participation → more media content
d) Social media → celebrity endorsement → market crash → distrust
C) Media imaginary → FOMO → participation → more media content
This mysterious person or group published the Bitcoin white paper in 2008.
Satoshi Nakamoto
Which influencer promoted the CryptoZoo project?
Logan Paul
Unlike traditional currencies, many cryptocurrencies operate without being issued or controlled by this type of institution.
central bank
What does Delfabbro et al. (2021) argue about regular cryptocurrency traders?
a) They are more financially literate than average investors
b) They show psychological profiles similar to problem gamblers
c) They are mostly motivated by ideological beliefs
d) They tend to avoid social media influence
b) They show psychological profiles similar to problem gamblers
What are the 2 bitcoin exchanges that collapsed in 2022 and 2014?
FTX & Mt. Gox
What term describes the fear of missing out that causes people to make quick investment decisions?
FOMO (Fear of Missing Out)
Cryptocurrency communities often gather on these online platforms to discuss investments, memes, and blockchain developments.
What are online communities or social media platforms (e.g., Reddit, Discord)
What is a “sociotechnical imaginary” and how does it apply to cryptocurrency culture?
It is a culturally shared vision of what a technology means/promises. It applies with a crypto’s imaginary that 'anyone can get rich', and that participation = aspiration
Why did David Chaum's eCash fail despite being one of the first digital currencies?
eCash failed because there was no reliable way to prevent people from copying digital money and spending the same funds multiple times, a problem known as double-spending.
Which course concept explains how cryptocurrency connects people across national borders?
Cosmopolitanism