Socratic Seminar #7

Optech

When will the next Bitcoin halving occur?
- a) May 2021
- b) May 2022
- c) May 2023
- d) May 2024
What will be the subsidy per block in 10 years from now?
- a) 0.78125 BTC
- b) 1.5625 BTC
- c) 3.125 BTC
- d) 6.25 BTC
Which message was included in the last 12.5 BTC block #629999?
- a) The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
- b) NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue
How is the halving implemented in the code?
- a) old subsidy divided by two
- b) query nChain™ oracle once per day
- c) shift bits 3 places to the right
- d) date/365blocks50/2
How many coins where already mined at the first halving in 2012?
- a) 5250000 BTC (25%)
- b) 6930000 BTC (33%)
- c) 10500000 BTC (50%)
- d) 13860000 BTC (66%)
What hashrate secured the Bitcoin network last halving in July 2016 in comparison to todays 120 EH/s?
- a) 0.1 EH/s (0.08%)
- b) 1.5 EH/s (1.25%)
- c) 15 EH/s (12.5%)
- d) 50 EH/s (42%)
How many Bitcoins will be added in total during the 4 years of the last subsidy epoch?
- a) 0.0021 BTC
- b) 0.1 BTC
- c) 1 BTC
- d) 10 BTC