reading comprehension\nafter reading \cryptocash in the digital world,\ select the responses that best…

reading comprehension\nafter reading \cryptocash in the digital world,\ select the responses that best answer each multiple - choice question.\n1. select two details from the text that support the idea that bitcoin is different from traditional online payment methods.\na. the exact value of one bitcoin changes constantly - over the past decade, it has increased in worth immensely, though it has seen a great deal of variation in its value.\nb. \bitcoin uses a peer - to - peer electronic cash system, and its transactions - shown in logs called ledgers - are visible to the public and can be traced back to the user and miner...\\nc. \bitcoin, which first appeared in the public eye in the late 1990s, bitcoin didnt make the public until nearly a decade later.\\nd. \... the currency used by bitcoin is not us dollars...\\n2. part a\nwhat is a central idea of the text?\na. when bitcoins can no longer be mined, they will cease to exist.\nb. bitcoin reveals a popular new trend in digital and global finance.\nc. economists believe that bitcoins and other cryptocurrencies will replace traditional forms of payment.\nd. bitcoin offers people who dont trust banking institutions a different way to save money.\npart b\nwhich detail supports the development of the central idea in part a?\na. \overall, the coin experienced an upwards explosion in popularity and worth in 2017.\\nb. \as a result of controversies and uncertainties, the future of bitcoin is impossible to predict.\\nc. \as the major mystery surrounding the future of bitcoin involves the role of miners.\\nd. \whether or not bitcoin ever indeed reaches stability, it is a modern technological, economic breakthrough - a system from which future, more developed systems of cryptocurrency can learn.\\n3. the author attempts to show that hackers have had an impact on the worth of the bitcoin. select two details that show this connection.\na. \controversies have plagued bitcoin from its onset.\\nb. \since bitcoin ensures its users anonymity, those engaging in illegal activities such as the drug trade or black market could make online payments without leaving a trail.\\nc. \some do not trust bitcoin because it isnt backed by the government, and thus they worry about the lack of a valid regulatory system securing their money.\\nd. \... it suffered a $31 million theft. this scandal created significant distrust within the cryptocurrency community that extended to the bitcoin, decreasing its value for a brief time.\\ne. \the japanese - based cryptocurrency exchange coincheck suffered a theft worth $530 million. the value of the bitcoin saw an immediate 15 percent drop following this hack, with lasting consequences.\\n4. what is the impact of the authors word choice when describing bitcoin in the section titled currency controversy?\na. words like explosion and volatile emphasize the unpredictable highs and lows of bitcoins history.\nb. the phrase lack of a valid regulatory system tends to create the idea that bitcoin is a safe transactions system.\nc. words like plunge and scandal serve to warn the reader against investing in bitcoin.\nd. calling bitcoin infamous gives it a negative connotation.

reading comprehension\nafter reading \cryptocash in the digital world,\ select the responses that best answer each multiple - choice question.\n1. select two details from the text that support the idea that bitcoin is different from traditional online payment methods.\na. the exact value of one bitcoin changes constantly - over the past decade, it has increased in worth immensely, though it has seen a great deal of variation in its value.\nb. \bitcoin uses a peer - to - peer electronic cash system, and its transactions - shown in logs called ledgers - are visible to the public and can be traced back to the user and miner...\\nc. \bitcoin, which first appeared in the public eye in the late 1990s, bitcoin didnt make the public until nearly a decade later.\\nd. \... the currency used by bitcoin is not us dollars...\\n2. part a\nwhat is a central idea of the text?\na. when bitcoins can no longer be mined, they will cease to exist.\nb. bitcoin reveals a popular new trend in digital and global finance.\nc. economists believe that bitcoins and other cryptocurrencies will replace traditional forms of payment.\nd. bitcoin offers people who dont trust banking institutions a different way to save money.\npart b\nwhich detail supports the development of the central idea in part a?\na. \overall, the coin experienced an upwards explosion in popularity and worth in 2017.\\nb. \as a result of controversies and uncertainties, the future of bitcoin is impossible to predict.\\nc. \as the major mystery surrounding the future of bitcoin involves the role of miners.\\nd. \whether or not bitcoin ever indeed reaches stability, it is a modern technological, economic breakthrough - a system from which future, more developed systems of cryptocurrency can learn.\\n3. the author attempts to show that hackers have had an impact on the worth of the bitcoin. select two details that show this connection.\na. \controversies have plagued bitcoin from its onset.\\nb. \since bitcoin ensures its users anonymity, those engaging in illegal activities such as the drug trade or black market could make online payments without leaving a trail.\\nc. \some do not trust bitcoin because it isnt backed by the government, and thus they worry about the lack of a valid regulatory system securing their money.\\nd. \... it suffered a $31 million theft. this scandal created significant distrust within the cryptocurrency community that extended to the bitcoin, decreasing its value for a brief time.\\ne. \the japanese - based cryptocurrency exchange coincheck suffered a theft worth $530 million. the value of the bitcoin saw an immediate 15 percent drop following this hack, with lasting consequences.\\n4. what is the impact of the authors word choice when describing bitcoin in the section titled currency controversy?\na. words like explosion and volatile emphasize the unpredictable highs and lows of bitcoins history.\nb. the phrase lack of a valid regulatory system tends to create the idea that bitcoin is a safe transactions system.\nc. words like plunge and scandal serve to warn the reader against investing in bitcoin.\nd. calling bitcoin infamous gives it a negative connotation.

Answer

Brief Explanations:

  1. For the first question, Bitcoin's lack of a fixed - value like traditional currencies (A) and its decentralized nature (B) set it apart from traditional online payment methods.
  2. For Part A of the second question, the idea that when bitcoins can no longer be mined, they will cease to exist (A) is a key concept in Bitcoin's lifecycle. For Part B, the statement about its upward explosion in popularity and worth in 2017 (A) supports its development.
  3. For the third question, the scandal about the $31 million mining theft (D) and the Japanese - based cryptocurrency exchange hack (E) show the impact of hackers on Bitcoin's worth.
  4. For the fourth question, words like "infamous" give Bitcoin a negative connotation (D), highlighting the author's word - choice impact.

Answer:

  1. A. The exact value of one bitcoin changes constantly...; B. Bitcoin uses a "peer - to - peer" electronic cash system...
  2. Part A: A. When bitcoins can no longer be mined, they will cease to exist. Part B: A. "Overall the cryptocurrency experienced an upwards explosion in popularity and worth in 2017."
  3. D. "... Yet, suffered a $31 million mining theft..."; E. "The Japanese - based cryptocurrency exchange Coincheck suffered a theft worth $530 million. The value of the bitcoin saw an immediate 15 percent drop following this hack, with lasting consequences."
  4. D. Calling Bitcoin infamous gives it a negative connotation.