Potential Questions

Social/Ethical:

• Digital Divide (access to technology (both physically accessible, skill levels and confidence levels in cryptocurrencies))
  • Depends on the demographics of the town.
  • Culture/Schooling
• Environment
• Privacy/security
  • everyone is able to see how rich/poor you are
  • your wallet can be used to track where you live
• Loss of jobs
  • Central Bank - jobs created are higher level than jobs being replaced
  • Higher pressure on businesses to use the cryptocurrency (for a benefit of some sort)
  • Cost of training
• Potential differences in converting currency

12 Markers:

• understanding how new blocks are added to the ledger and how the proof of work prevents malicious nodes from taking over the MONS network

• understanding how the MONS architecture is scalable and can remain efficient as the number of users increases

• understanding the use of cryptographic techniques in the MONS project

• explaining to the Santa Monica citizens how their MONS balance is calculated from transaction data securely stored in a publicly accessible blockchain ledger

• investigating how the distributed nature of a blockchain cryptocurrency and the confirmation process may have disadvantages for the citizens of Santa Monica.

• To deploy MONS as a new currency for Santa Monica successfully, Pablo has to convince his citizens that MONS is reliable in the long run, suggest and explain four challenges to be solved before large-scale deployment regarding the scalability. [12]

  • What challenges need to be solved before large scale deployment (more secure stuff)