$1)$ According to U$.$C$.$ Berkeley Law Professor Greg LaBlanc, what does the acronym $"$DLT$"$ stand for?

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$2)$ According to U$.$C$.$ Berkeley Law Professor Greg LaBlanc, regarding blockchain technology, Professor LaBlanc notes that some of the things you may have heard are true, some of them are false, that everyone thinks it a "cure all", its going to solve all the world's problems... its going to "cure cancer"... its the "new internet", however he advises that you "Don't believe the $\_\_\_\_\_\_\_\_\_\_".$

$3)$ According to U$.$C$.$ Berkeley Law Professor Greg LaBlanc, regarding ICOs $[$Initial Coin Offering $-$ the cryptocurrency industry's equivalent of an initial public offering $($IPO$)],$ since ICOs are not exactly the same as IPOs $[$Initial Public Offerings $($of securities$)],$ does that mean there are no regulations, laws, or regulatory agencies with which coin issuers need to comply? $($yes$/$no$)\_\_\_\_\_$

$4)$ According to U$.$C$.$ Berkeley Law Professor Greg LaBlanc, regarding "Money", $"$So$,$ luckily fo rus, economists have questioned it$.$ They have analyzed it$,$ and they've designed models for it$,$ so that we can tell what makes for good money, what makes for bad money, and, ultimately, we can apply this criteria to $\_\_\_\_\_\_\_\_\_\_$ like $\_\_\_\_\_\_\_\_\_\_$ to see if they pass the test."

$5)$ According to U$.$C$.$ Berkeley Law Professor Greg LaBlanc, regarding "Money", "What is money? Well, economists say there are three characteristics that money needs to have." State the three $(3)$:

i$)\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

ii$)\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

iii$)\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$6)$ According to U$.$C$.$ Berkeley Law Professor Greg LaBlanc, regarding "Money", what makes for a good commodity money? State the seven $(7)$ characteristics:

i$)\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

ii$)\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

iii$)\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

iv$)\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

v$)\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

vi$)\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

vii$)\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$7)$ According to U$.$C$.$ Berkeley Law Professor Greg LaBlanc, $"...$ lots and lots of things have been used as money... but my favorite form of commodity money, and one that's actually gotten quite a bit of attention recently, because of its similarity to blockchain, is the island currency called $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_,$ which you find on the Island of Yap. This is in the South Pacific."

$8)$ How is the commodity money listed in question $7($above$)$ similar to a digital currency like bitcoin? How is it different? DISCUSS:

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$9)$ According to U$.$C$.$ Berkeley Law Professor Greg LaBlanc, regarding a decentralized network managed blockchain system, after the problem of tampering and the problem of transaction suppression have been dealt with, "Now, the technical problem that you always have to deal with here is the problem of $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.$ So$,$ if I have $$30$ in my checking account, and I write two $$30$ checks, to two different merchants, those $$30$ checks will ultimately get processed through a clearing house, and the bank, which is in possession of my money, will take a look at both of these checks coming in$,$ and they'll say, 'Sorry, not enough money,$\text{'}$ and one of them will get sent back. That's what we call a $\text{'}\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_,"$ and so$,$ the centralization of the clearing and settlement function is what enables the $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ problem to be intercepted and arrested in a traditional financial system."

$10)$ According to U$.$C$.$ Berkeley Law Professor Greg LaBlanc, regarding the Origins of Banking, $"$So$,$ the gold warehouse evolved into what we now think of as a commercial bank, because this warehouse owner realized that instead of having all this gold sitting around doing nothing, they could lend it out to people who needed the money. Of course, when you lend out the gold, what do they do$?$ They bring it right back to you, and ask for a receipt, and so$,$ the way in which you do loans, is you just issue more receipts, and so$,$ if you have more receipts outstanding than you have gold in the building, that's what we call $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_,$ and $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ is somewhat unstable, because if everybody shows up and asks for their gold back at the same time, there won't be enough gold to satisfy those demands.

$11)$ According to U$.$C$.$ Berkeley Law Professor Greg LaBlanc, regarding BitCoin, $"$If we use Bank of America, and Bank of America screws up$,$ and loses our money, we can sue Bank of America. If I lose my USB, I have no on to blame, but myself, and I have nobody to sue, and there's no recourse, and so$,$ what most people do is they take their private key, and they hand it over to an exchange or wallet. The most famous of which here in the United States is Coinbase. So$,$ Coinbase, people think that if they have a Coinbase account, they have purchased bitcoin. This is just simply not true. When they initiate a purchase of bitcoin on Coinbase, C