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Practice Listening: Multiple Choice, Multiple Answers ID: #4077 Long Social media
Instructions ›
Listen to the recording and answer the question by selecting all the correct responses. You will need to select more than one response.
The technology likely to have the greatest impact on the next few decades has arrived. And it's not social media. It's not big data. It's not robotics. It's not even AI. You'll be surprised to learn that it's the underlying technology of digital currencies like Bitcoin. It's called the block chain. Block chain. Now, it's not the most sonorous word in the world, but I believe that this is now the next generation of the internet, and that it holds vast promise for every business, every society and for all of you, individually. You know, for the past few decades, we've had the internet of information. And when I send you an email or a PowerPoint file or something, I'm actually not sending you the original, I'm sending you a copy. And that's great. This is democratized information. But when it comes to assets -- things like money, financial assets like stocks and bonds, loyalty points, intellectual property, music, art, a vote, carbon credit and other assets -- sending you a copy is a really bad idea. If I send you a 100 dollars, it's really important that I don't still have the money – and that I can't send it to you. So, this has been called the "double-spend" problem by cryptographers for a long time. So today, we rely entirely on big intermediaries -- middlemen like banks, government, big social media companies, credit card companies and so on -- to establish trust in our economy.

For what things does the speaker say it is acceptable to send a copy of the original?

* Click on the correct answers

Result:

AI explanationShows the answer. Tap to open.
Option 1: "Democratized info in form of email"

Explanation: The text states that when sending an email or a PowerPoint file, the sender is actually sending a copy, which is acceptable for information. This aligns with the speaker's point about the internet of information, where copies are sufficient.

Option 2: "A 100 dollars"

Explanation: The speaker emphasizes that sending a copy of money is not acceptable, as it leads to the 'double-spend' problem. Therefore, this option contradicts the main idea presented in the text.

Option 3: "Financial assets like stocks and bonds"

Explanation: The speaker mentions that sending a copy of financial assets is a bad idea, reinforcing the need for original ownership. Thus, this option is incorrect as it contradicts the speaker's argument.

Option 4: "A PowerPoint file"

Explanation: Similar to emails, the speaker indicates that sending a PowerPoint file is acceptable because it involves sharing a copy rather than the original. This supports the idea of democratized information.

Option 5: "Intellectual property like music and art"

Explanation: The speaker categorizes intellectual property as assets where sending a copy is not acceptable, as it undermines ownership. Therefore, this option is incorrect.

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