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MONEY!

Rocío Isabel Rivera Cid

Created on November 2, 2023

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Transcript

The bitcoin

Preliminary questions...

1. What are cryptocurrencies? 2. How many cryptocurrencies are there? 3. How would you explain Bitcoin to someone who is hearing about them for the first time?

Discuss this questions with your classmates after you watch the video...

What is a bitcoin?

1. What is a bitcoin? 2. What is it used for? 3. Who accepts bitcoins? 4. What are the disadvantages of using bitcoins? 5. What is the positive aspect of using bitcoins?

Read the BuzzWord article on Bitcoin and answer these questions

What is a bitcoin?

1. Where can you use Bitcoins? 2. How does Bitcoin differ from conventional currencies? 3. How many new Bitcoins are released every ten minutes? 4. What is the currency code for Bitcoin? 5. What is a digital wallet? 6. Give one advantage and one disadvantage of Bitcoins.

Read the BuzzWord article on Bitcoin and answer these questions

Find the odd one out

Cross out the alternative that has a different meaning to the others. 1. Bitcoin is an electronic currency created specifically / especially / generally for use on the internet. 2. Bitcoin doesn’t operate like conventional / traditional / commercial currencies. 3. Bitcoins are not circulated / controlled / regulated by a central bank. 4. Bitcoins are released / created / produced by a network of computers. 5. Bitcoins can be converted / added / changed into conventional currency. 6. Using Bitcoins avoids the wages / charges / fees imposed by banks.

Read the BuzzWord article on Bitcoin and answer these questions

Define the noun

Match the nouns in the left-hand column with the definitions in the right-hand column. The nouns can all be found in the Background section of the BuzzWord article.

Read the BuzzWord article on Bitcoin and answer these questions

Common prefixes

Read the dictionary definitions and complete the examples with the prefixes in the box. There are two prefixes you don’t need.

Read the BuzzWord article on Bitcoin and answer these questions

Compound nouns

Bitcoin is a new compound noun. Use the words in the box to form eight common compound nouns and use them to complete the sentences below.