Chapter 1
Why traditional banks lost youth trust
Chapter 2
The mechanics of digital money
Chapter 3
Global adoption and real-world use
Chapter 4
Risks and reality checks
YOUR GOAL
Master of Crypto as a savings account
Ch 4 · Risks and reality checks
nic Risks and reality checks
No banks, buy the chain / No banks, buy the chain / We don't need a four-oh-one-k!
nic Unregulated crypto markets are filled with fraudulent schemes designed to steal investor funds.
nic Securing certain cryptocurrency networks requires vast amounts of electricity, raising environmental concerns.
Fun Fact
Ethereum shift: When Ethereum upgraded its system in 2022, it instantly cut global electricity consumption by 0.2%.
Quiz
Unlike traditional bank savings, what do most cryptocurrency investments lack to protect users from losses?
Quiz
How much electricity did Bitcoin mining consume in 2023, surpassing the energy use of Argentina?
Quiz
Which consensus mechanism, used by Bitcoin, requires massive amounts of electricity to secure the network?
Quiz
What major stablecoin collapsed in May 2022, wiping out roughly $40 billion in investor wealth?
Quiz
What is the term for a crypto scam where developers hype a token and then run away with investors' money?
Quiz
By what percentage did Ethereum reduce its energy consumption in 2022 by switching to 'Proof of Stake'?