Bitcoin and the New Digital Economy

Exam Questions: 50
Course Level: Basic
Pages: 200 | Content: 174, Supplemental: 26
NASBA Area of Study: Management Services
Not Acceptable for: Enrolled Agents
Version: 8215

This course will explain what Bitcoin is, how it works, and how and why we are transitioning to a digital economy. You'll learn how Bitcoin and the blockchain operate in the real world today. It will also discuss the deficiencies of traditional fiat currency, how it's commonly manipulated, and how we can all benefit from the adoption of new digital assets. PLEASE NOTE: Not accepted for Enrolled Agents. PES does not promote or endorse cryptocurrencies. This course is for informational purposes only. The views expressed are those of the author and do not necessarily reflect the views, opinions, or positions of Professional Education Services, LP, its employees, or owners. All course material provided. No prerequisites. Course level: Basic.

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Course Information

Table of Contents
  • The Great Devaluation: Old Money, Central Banks, and the Fed
  • Digital Money Tree: eCash, E-Gold, and eBay
  • First-Gen Giants: Cypherpunks and Disruptive Tech
  • Genesis Block: Satoshi Nakamoto and Bitcoin
  • A Short Course in Blockchain: Hashing, Mining, and Forking
  • A Necessary Evil: Silk Road's Original Sin
  • "Mo' Money, Mo' Problems": BitInstant and BitLicense
  • What the Fork?: The Block-Size War
  • The Future Is Born: Ethereum and Smart Contracts
  • Digital Gold Transformation: Cryptocurrencies and Crypto Assets
  • Crypto Turning Point: The Crypto-Rich
  • New Layer to the Internet: Decentralized Finance
  • Brave New World: Beyond Bitcoin
  • Investment Prep: NOT Financial Advice
  • Tips of the Trade: Charting, Trendspotting, and Leveraging
  • Non-Fungible Tokens (NFTs)
  • Web3 and the Metaverse
  • Crypto FUD: Fear, Doubt, and Uncertainty
  • Crypto Warnings: Hackers, Scammers, and Contagion
  • The Future of Crypto: Equities, ReFi, and UBI
  • Where Do You Go from Here?
  • To recognize the characteristics of central banks
  • To identify the primary global reserve currency used today
  • To recall the cryptocurrency established by Satoshi Nakamoto's white paper
  • To recall various terms specific to cryptocurrency
  • To identify the smallest unit of a Bitcoin
  • To identify the world's largest Bitcoin exchange at the time of its collapse in 2011
  • To recall the characteristics of stablecoins
  • To recognize when "halving" occurs
  • To recall the first country to recognize cryptocurrencies as money
  • To recognize examples of memecoins
  • To recall the characteristics of Bitcoin ATMs
  • To identify fungible assets
  • To recall the characteristics of Web3
  • To identify the country that instituted a widespread ban on Bitcoin trading and mining
  • To identify the characteristics of various scams relating to crypto

PLEASE NOTE: CPE credit measurement is based on NASBA Registry and QAS guidelines of one credit for every 50 minutes. Credit calculation may vary in different states — check with your State Board of Accountancy. Unless otherwise noted in the specific course description, no advanced preparation is required in order to register or complete any PES CPE course. Use of materials or services provided by Professional Education Services, LP ("PES") are governed by the Terms and Conditions stated on PES' website www.mypescpe.com. PES provides these courses with the understanding that it is not providing any accounting, legal, or other professional advice and assumes no liability whatsoever in connection with its use. PES has used diligent efforts to provide quality information and material to its customers, but does not warrant or guarantee the accuracy, timeliness, completeness, or currency of the information contained herein. Ultimately, the responsibility to comply with applicable legal requirements falls solely upon the individual licensee, not PES. PES encourages you to contact your state Board for the latest information and to confirm or clarify any questions or concerns you have regarding your duties or obligations as a licensed professional.