Spider Wealth

Jim Rohn

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1. What makes Ethereum different from Bitcoin?
✔️It powers decentralized applications and smart contracts

2. What is Bitcoin mostly used for?
✔️A store of value, like digital gold

3. How does Ethereum control its supply?
✔️It burns a portion of transaction fees with EIP-1559

4. Why do institutions prefer Bitcoin over Ethereum (for now)?
✔️It's considered a lower-risk investment

5. Why is Bitcoin still dominant?
✔️It has mass adoption and a strong store-of-value reputation

6. What is "The Flippening"?
✔️The idea that Ethereum could surpass Bitcoin in market cap

7. What is the current biggest cryptocurrency by market cap?
✔️Bitcoin

8. What is a major advantage Ethereum has over Bitcoin?
✔️It has more real-world applications

9. What could help Ethereum overtake Bitcoin?
✔️Mass adoption and greater institutional investment

10. What is Bitcoin's total supply limit?
✔️21 million coins

11. What makes Ethereum more useful than Bitcoin?
✔️It supports smart contracts, DeFi, and NFTs

12. What was the conclusion of the video?
✔️Ethereum is gaining ground but hasn't flipped Bitcoin yet

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1.Why is Bitcoin considered more scarce than gold?
✅ It has a fixed supply of 21 million coins.

2.What is the total maximum supply of Bitcoin?
✅ 21 million coins.

3.Why is Bitcoin considered better for transferring wealth across borders?
✅ It can be stored in a digital wallet and sent instantly.

4.What has been used as a store of value for thousands of years?
✅ Gold.

5.What is an important factor that could make Bitcoin more valuable over time?
✅ Its fixed supply and increasing demand.

6.Why do some investors hold both Bitcoin and gold?
✅ To diversify their portfolio.

7.Why is Bitcoin considered better for transferring wealth across borders?
✅ It can be stored in a digital wallet and sent instantly.

8.What was the final verdict in the video?
✅ Both Bitcoin and gold have value and can be used together.

9.What is a major advantage of gold over Bitcoin?
✅ It has been used for thousands of years.

10.What makes Bitcoin more portable than gold?
✅It can be sent digitally anywhere in the world.

11.Which asset is known for being highly volatile?
✅ Bitcoin.

12.What is an advantage of gold over Bitcoin?
✅It has a more stable price over time

How are coins burned?
✔️ By sending them to an inaccessible "burn address."

What part of Ethereum transactions get burned?
✔️ A portion of transaction fees

What is one of the main reasons for burning crypto?
✔️To reduce supply and increase scarcity

What happens to coins once they are sent to a burn address?
✔️They can never be retrieved

What is the potential downside of burning tokens?
✔️ It only works if the project has real demand

What is crypto burning?
✔️The process of permanently removing coins from circulation

What was one of the biggest meme coin burns?
✔️ Shiba Inu (SHIB) burning billions of tokens

Can burning crypto save a bad project?
✔️No, a useless token remains useless even if burned

Which project regularly burns its own tokens?
✔️ BNB (BNB)

What is a common reason why projects announce burns?
✔️To create hype and attract investors

What type of wallet is used for crypto burning?
✔️ A burn address with no private key access.

Why is crypto burning compared to throwing away money?
✔️Because burned tokens can't be recovered

@Spider_Wealth️✈️

Confucius

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@spider_wealth ✈️

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Marsha Sinetar

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