Exam Questions About Bitcoin
Students in the Netherlands are now reportedly being asked questions about Bitcoin on their exams. Approximately 200,000 high school students had to write their math exam a few days back. And, in the exam, there were actually questions about Bitcoin. The exam is titled, “Examenprogramma wiskunde A vwo”, according to a Dutch school board’s official website. This happens to be a compulsory exam that all pupils have to take and pass in order to enroll in a local institute of higher learning, a university in most cases.
It would be difficult to navigate the website and find where it actually says Bitcoin, unless you speak and write Dutch, a west Germanic language spoken in the Netherlands. However, thanks to a Redditor who probably does know the language and Google translator, we were able to understand most of what was being asked in the questions about Bitcoin. So, roughly translated by Google:
“Bitcoins The bitcoin is a digital currency that only exists online. He exists since January 1, 2009 and can be used to pay in online stores or for other online services. Bitcoins are not, as normal money, by a central bank circulation.”
Challenging Math Questions About Bitcoin
The translated text goes on to explain that computers solve difficult math problems in order to validate Bitcoin transactions. Then, after the brief explanation, students are asked to solve the following problem:
“Calculate the number of bitcoins in circulation starting from this year above 18 million as the rate at which bitcoins are in circulation not be changed.”
The exam even provides practical background information about Bitcoin transactions and the number of Bitcoins in circulation. Furthermore, the examination paper explains how rewards for Bitcoin miners are halved every 4 years. Notably, cryptography, from which the protocol for Bitcoin and other cryptocurrencies is derived, is all related to math. Therefore, it is only logical for students of all age groups to start learning about what digital currencies are and also about their underlying blockchain technology.
The Numbers Don’t Lie
In response to the post about an exam asking Bitcoin-related questions, an excited Redditor commented:
This is definitely a positive development, because it shows that progressive European countries like the Netherlands are definitely taking the right approach to the emergence of cryptocurrencies. In stark contrast, the governments of India and Pakistan are not embracing this revolutionary technology.
The reserve banks of India and Pakistan have both issued statements citing the abusive nature of cryptocurrencies. They say that digital currencies can be used for illegal purposes such as money laundering. However, the exact same thing can be done, and is being done, using fiat currencies such as the US dollar. When we take into consideration the Human Development Index, which is a composite index that basically measures the overall quality of life in a country, Netherlands ranks number 7 in the world. It has a very high HDI of 0.924.
In comparison, India has a significantly lower HDI of 0.624 and Pakistan even lower at 0.550. Additionally, there is almost no corruption in the Netherlands. In fact, it is ranked as the 8th least corrupt country out of a total 175 countries. On the other hand, Pakistan ranks as the 117th least corrupt nation out of 175. Sure, it’s not the most corrupt, but the numbers do indicate that there is a high level of corruption in Pakistan. Meanwhile, India ranks as the 81st least corrupt country.
Admittedly, these numbers are not always 100% accurate, however, I think you get the point here. Corruption and irresponsible governments ultimately end up hurting the innocent citizens. So, I think we can all take a page from Netherlands’s books.
https://www.examenblad.nl/examen/wiskunde-a-vwo-2/2018 (school website)