Module 2 Flashcards
- Define Bitcoin. - Interpret how Bitcoin has influenced the broader economy. - Identify ways law enforcement investigates Bitcoin.
Which of the following is not a benefit of using bitcoin?
A) Anonymity (real or perceived).
B) Less regulation.
C) No required intermediary.
D) Stability in value because it is backed by a commodity.
D
Mining bitcoin is not:
A) Energy consuming.
B) Easily susceptible to tampering.
C) Computer power intensive.
D) Available to anyone.
B
Double spending is when:
A user tries to spend the same bitcoin twice.
This is a picture of a:
Mnemonic seed
If given out, the __________ will give someone access to the funds in your wallet.
Private key (including QR of private key)
Bitcoin ATMs allow users to buy cryptocurrency. Users can buy cryptocurrency with _____.
cash
Which of the following is an unindexed portion of the internet?
Deep web, Dark web
Tumblers are used to:
Swap your bitcoin for another user’s bitcoin.
Which of the following scenarios should you look for bitcoin evidence?
Illicit goods
Finance terrorism
Sanction evasion
Human Trafficking
CSAM
Money laundering
Ransomware
Double spending is prevented because: (Check all that apply.)
A node consensus must be reached.
When seizing cryptocurrency evidence, choose all that apply:
Maintain dual control, Immediately transfer the cryptocurrency to a law enforcement controlled wallet
A ____ wallet is one that is connected to the internet, where a ______ wallet is not connected to the internet.
hot, cold
The blockchain: (check all that apply.)
Is a public ledger.
Removes the need for banks or a central authority.
Is maintained by the nodes.
What does ransomware do? Check all that apply.
It render’s a user’s device unusable.
It scams people out of money by requiring a paid ransom.
Which of the following is NOT a way you can acquire bitcoin?
A) Purchasing bitcoin from a cryptocurrency exchange.
B) Mining it.
C) Using a bitcoin ATM.
D) Gaining access to someone’s public key.
D
