BTIP A1

Assignment 1

Assignment Instructions

For this assignment and any others that require research you must answer in your own words and cite your references correctly . A cut-and-paste answer will earn a zero for the entire assignment and may earn a course grade of F for plagiarism. For each question, a comprehensive answer is required with 60 – 150 words.

Part 1: Answer the following questions based on the references provided or any others you preferred:

1. What is fiat currency, what are its ledgers, and how does it fit within the history of money?

2. How does Bitcoin fit within the history of money, the emergence of the Internet and failed attempts of cryptographic payment systems?

‘ A Brief History of Ledgers’ LLFOURN, Medium (February 15, 2018)

‘ Bitcoin and Cryptocurrency Technologies, Preface — The Long Road to Bitcoin’ (PDF - 18MB) Clark (pages 3 – 21) (February 9, 2016)

‘ Bitcoin P2P e-cash paper’ e-mail Nakamoto (October 31, 2008)