Bitcoin Related Question Comes In a Admission Test Exam

[wtsimis]

Bangladesh is now becoming more positive in cryptocurrencies. Many ministries of govt. are now talking about blockchain technologies. We hope, very soon they will legalise the crypto industry.
A fun fact is that yesterday a govt. university creates an MCQ question about Bitcoin in the admission test.
https://twitter.com/AaravCarrel/status/1445844886238875648?s=20
06/10/2021 admission test
Rajshahi University - B Unit - Group 3

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[YOSHIE]

I like to see positive news for crypto in Bangladesh, especially the government and its policies towards Bitcoin, one thing I can say about this.

• Bangladesh, including poor countries, the majority of their income is below average compared to other countries, the bottom line: if Bangladesh legalizes as you say, I believe the economy of the Bangladeshi people in general will improve in terms of crypto investment and trading.

It's one of the perfect policies carried out by the ministry of Bangladesh, yes, hopefully a good start for crypto users there.

[acroman08]

looks like Bangladesh has come a long way and starting to recognize bitcoin's potential. I remember reading here in the forum when the time they declared banning bitcoin in the country.

anyway, would you mind translating the question and the answers? I'd love to know what the question was.

[zasad@]

I used several translators to understand what was written
https://twitter.com/mdjahid_hb/status/1445844549738242077

"What is Bitcoin?
 (A) Cryptocurrency (B) Fiatmoney (C) Legal tender (D) Token"
I think A is the correct answer, but I also think C and D will be correct.

[Upgrade00]

I think A is the correct answer, but I also think C and D will be correct.

I don't know if Bitcoin could be termed as a token, AFAIK, tokens are cryptocurrencies which are built on the platform of some other project, like ERC-20 tokens are tokens which are built on ethereum algorithm.
Coins are those who have their own platform and operate on their algorithm, Bitcoin has it's own algorithm so it does not count as a token.

It could be described as a legal tender, as it has been used as such already.

I believe the options should only have included A and B to make the options more specific.

[kryptqnick]

More context would be really nice. Is it an English test of some sort? I see there are questions asking to translate stuff. So if Bitcoin and cryptos are mentioned, it's assumed to be common knowledge for the test-takers, right? Since the English test is not supposed to presume a specific background and ask about things that might simply not be familiar to people who are taking the test, correct? I hope it's indeed the case and people won't have trouble translating it because of not knowing what cryptos are because that would be unfair to test-takers IMO. Or is it some sort of universal test that also checks knowledge? I see some saying that the test question asks to say what Bitcoin is, but I'm honestly confused about the test in place because in my country we only have subject tests when being admitted to universities.

[wtsimis]

I think A is the correct answer, but I also think C and D will be correct.

In Bangladesh' situation, Bitcoin will never be a legal tendan and other option is token that also a wrong answer because token means a crypto that runs on other's blockchain like a random crypto runs in bnb blockchain, that called a token and those crypto who has own blockchain, or ecosystem that called coin, like Ethereum, BNB, Solana and lots more.
But the correct ans is option a
And thanks man your translation is correct😊

[avikz]

Bangladesh is now becoming more positive in cryptocurrencies. Many ministries of govt. are now talking about blockchain technologies. We hope, very soon they will legalise the crypto industry.
A fun fact is that yesterday a govt. university creates an MCQ question about Bitcoin in the admission test.
https://twitter.com/AaravCarrel/status/1445844886238875648?s=20
06/10/2021 admission test
Rajshahi University - B Unit - Group 3

That's great to see that Bangladesh is showing interest on crypto related matters. I know a minister has spoke about blockchain technology and said that the government shouldn't ban cryptocurrency without first knowing about it. That's positive because I know the central bank of Bangladesh had imposed a blanket banking ban on crypto few years back without any debate.

I hope the awareness around cryptocurrency increases in Asian nations so that they don't miss out this great innovation.

[noorman0]

-snip-
We hope, very soon they will legalise the crypto industry.

Not sure, this isn't the first time this has happened. One Dutch high school once tested its students with a bitcoin-specific theme, but so far no pro steps have been seen to take regulation more seriously.

There is also, A practice exam in China just asked students about Bitcoin mining.

-snip-
I think A is the correct answer, but I also think C and D will be correct.

But of course that question requires an answer that is most accepted by all circles (A).
Answer D will be debated primarily by maximalists.

[DdmrDdmr]

Apparently, B Unit is taken by students interested in Business & Commerce related careers (A is for Art related and C for Science related), and the exam seems to be a multiple choice covering Bangla, English, business organization and management + Accounting (or General Knowledge) and IT.

I tried to see if this was the first time bitcoin cropped-up on a university admission exam there, but that task is more suited for someone local really.

See: https://resultbangladesh.com/rajshahi-university-admit-card

[zasad@]

There was a very interesting discussion on the topic of tokens at the Russian Forum. Everyone is used to calling Ethereum, Bitcoin, Polkadot cryptocurrencies, and for example, assets that do not have their own blockchain are called tokens, such as USDT, USDC and other.
Although in many articles ethereum and polcadot are called tokens. After the discussion, I changed my mind, because the concept of a token has a deeper and more general meaning.
A token is a digital entity of something.
Therefore, from this point of view, any cryptocurrency is a token, any fiat is also a token.

[Jontokhan65]

Bitcoin has been legalized in almost all the developed countries in the world but our Bangladeshi government has not legalized Bitcoin but my idea is that gradually Bangladesh government will one day legalize Bitcoin in Bangladesh then Bangladesh will move towards further development. I think if bitcoin is legalized in Bangladesh then Bangladesh will not be poor.

[fiulpro]

Let me extend this news by adding few more facts :

1. Bitcoin and cryptocurrency courses are also available in Princeton University.

2. There is a whole career developing around the cryptos and the blockchain technologies, if you do want to know more about it, you can go here : https://www.e-zigurat.com/innovation-school/blog/scope-careers-in-blockchain/

3. In 2019 the French Education ministry implemented a whole Bitcoins and Blockchain course to Give the students a head start regarding the cryptocurrencies which are now becoming an important part of our lives.

( There are plenty of other news that we will find every now and then, the fact is, cryptocurrencies like bitcoins is becoming big and people are actually investing their time and knowledge in them hands down, therefore the future is definitely bright)

[qwertyup23]

Bangladesh is now becoming more positive in cryptocurrencies. Many ministries of govt. are now talking about blockchain technologies. We hope, very soon they will legalise the crypto industry.
A fun fact is that yesterday a govt. university creates an MCQ question about Bitcoin in the admission test.
https://twitter.com/AaravCarrel/status/1445844886238875648?s=20
06/10/2021 admission test
Rajshahi University - B Unit - Group 3

This is great news along with the recent announcement of El Salvador's shift in recognizing BTC as legal tender.

The more countries that view BTC as something positive in their economy, the more countries that would join the bandwagon which in general, is good for cryptocurrencies. The fact that a question about BTC has been integrated into an admission test implies that its country has a positive view for its long-term effect and usage to the general public. I hope that other countries would follow this move as well.

[stompix]

Apparently, B Unit is taken by students interested in Business & Commerce related careers (A is for Art related and C for Science related), and the exam seems to be a multiple choice covering Bangla, English, business organization and management + Accounting (or General Knowledge) and IT.

I've never seen such an exam and I've taken 4 of those during University and a lot before enrolling, how do you randomly throw questions from IT to economics and English randomly in the test? On all occasions there were different papers for the different subjects, they will be graded as a whole at the end but you won't have them randomly like this.
Is this on purpose to make things worse for the student? 

(A) Cryptocurrency (B) Fiatmoney (C) Legal tender (D) Token"
I think A is the correct answer, but I also think C and D will be correct.

Not even going to address D but how could it be legal tender when Bangladesh is not recognizing it as such?
In this test you're supposed to answer based on the situation ninth country where you're situated, and Bangladesh definitely has no plans at the moment making it one.

[Imran232]

This is really unexpecting for me. I know lots of things are happening in Bangladesh regarding bitcoin, but this step will have a more positive effect on the youth about bitcoin. This is going to be huge news for Bangladesh. That means we can expect Bangladesh to give another sign that they are very close to accepting bitcoin. I don't know how to express my happiness. If I got that question, then I got 1/1 confirmed. However, this is correct.

[dothebeats]

Not surprised that bitcoin will make the cut for such questions in an academe. The world is getting increasingly aware of its existence and what it does to to the economy. While Bangladesh isn't known to be 100% crypto friendly, the mere fact that a university featured even a single question about bitcoin is already a huge deal, as they are acknowledging its presence. This is a pretty good start, and since students will be seeing that question and answering it, their curiosity will surely grow even more that they will soon seek the answers and then ask for more questions themselves.

[Little Mouse]

I tried to see if this was the first time bitcoin cropped-up on a university admission exam there, but that task is more suited for someone local really.

This is not the first time. If I'm correct before pandemic, there was a question like this on University examination. Other than that, I had participated in one job examination where I got the same question almost, "from below, which one is a cryptocurrency?". And the answer was bitcoin with some more option.
This is not something important I think. Well the press conference of Zunayed Ahmed Polok was important one. He was mentioning about state mining too in that conference. That was a positive sign.
Apart from this, I have read few thesis of some popular University on cryptocurrency and blockchain, specially on the possibility of how smart contract and decentralized finance (DeFi) can be used to minimize the cost and have an balanced economy. Though this are mostly based on Ethereum chain, the introductory was almost made of Bitcoin, Satoshi Nakamoto and blockchain.
There's no visible progress from govt part. Central Bank is still considering bitcoin as a currency of dark web. I have read the last monthly magazine of Bangladesh Bank, I got it from one of my friend.
If we consider overall progress toward decentralized currency or cryptocurrency, I think it's good enough. We are not very far but I wouldn’t be disappointed by having huge expectation 

[bitbollo]

generally speaking. I am supporting the idea that bitcoin/blockchain and related stuff should be a basic education for any citizen....
https://bitcointalk.org/index.php?topic=5156184.msg51526036#msg51526036

I think that Governments of developed Nations MUST add a blockchain course to the basic education of any Citizen... starting from elementary schools, and why not, with some basics concept also in nursery.

Adding a general question like this in a test exam is like another step toward this direction.

[joniboini]

Adding a lesson on elementary schools is a bit too extreme imo. At least in my country, that's not really necessary. Maybe middle or senior high school might be more appropriate. The lesson might get split between economy and IT, there's no need for a full-fledged blockchain course. That should be for university and the likes of it.