The advent of cryptocurrencies like Bitcoin and Ether has provided math educators worldwide with fertile resources to indulge themselves in creative mathematical posing and solving.
Unfortunately, the negative perception that cryptocurrency or crypto is a vector for serious organized crime and money laundering has led millions of half-informed or risk-averse folks to adopt a wait-and-see attitude vis-à-vis Bitcoin transactions.
Who/What Is Satoshi Nakamoto?
Nobody knows the identity of Satoshi Nakamoto. If the name isn’t a he or she or it, could the name be a covert group of cryptographers and mathematicians?
Like the modern-day equivalent of the Bourbaki group—the collective pseudonym of a group of predominantly French mathematicians in the 1930s, who tried to axiomatize mathematics to make it more rigorous?
So far, the few suspects—digital-currency addict Nick Szabo, Japanese mathematician Shinichi Mochizuki, and Co.—all have denied being the founder of Bitcoin, except for Australian computer scientist who loudly but unprovenly claimed that he is Nakamoto.
Crypto Math
Posing fertile crypto math questions is only limited by our imagination. Thanks to Bitcoin or cryptocurrency, NFTs, and the Metaverse, I’ve toyed around with a number of crypto math questions.
Below are a sample of Bitcoin-related questions that I hope would make their way into a math booklet fit for publication in a-not-too-distant future.
- Bitcoins are divided into Satoshis: one hundred million Satoshis in each Bitcoin. At the current Bitcoin price, what fraction of a U.S. cent is worth the smallest fraction of a Bitcoin?
- In 2010, a pizza restaurant agreed to accept ten thousand Bitcoins in exchange for two large pizzas. At today’s exchange rate, how much would each pizza be worth?
- In September 2021, El Salvador approved Bitcoin as a secondary currency; in April 2022, Central African Republic followed suit. Which rogue or war-torn nation in Asia or the Middle East would be the first one to make Bitcoin its official currency? Or would it be “fine” city Singapore that would lead the way in becoming SE Asia’s crypto hub?
- Crypto Apocalypse: What are the odds that due to hyperinflation (or a possible WW3 in the aftermath of the senseless Ukraine-Russia war) people would start losing faith in Bitcoin to the point that it suffered the same fate as the Zimbabwean dollar bills?
- A golf resort is rumored to have been gifted with 13.257 ETH and 12.5 bitcoin from a Middle Eastern prince. How much did the shady resort receive in cash donation from their criminal donor?
Crypto Winter Is Coming!
With news of a crypto winter in the horizon, let’s hope that the mathematics of Bitcoin or cryptocurrency wouldn’t deter math educators globally from getting involved in creative mathematical thinking and problem solving.
I don’t know about you, but I’m waiting for Bitcoin to drop under $10,000 as my next buy alert. The future lies in Bitcoin—or in blockchain.
Richly yours
© Yan Kow Cheong, June 16, 2022
