The Simplest Bitcoin Book Ever Written
BITCOIN IS USED BY CRIMINALS
So is the dollar, and every other fiat currency in the
world.
It is simply incorrect to attribute this problem only to
bitcoin.
Bitcoin is a tool, just like a knife, and it is up to each one
of us how we use it.
Interestingly, if bitcoin couldn't be used by criminals, then
it would not be the neutral, censorship-resistant money the
world so badly needs.
Note:
Since the Bitcoin blockchain is auditable, it is actually a
really bad choice for criminal activity!
QUANTUM COMPUTING COULD
BREAK BITCOIN
BREAK BITCOIN
This may be possible in the future, but developers are already
working on solutions for post-quantum encryption.
Bitcoin uses SHA-256 hashing, which is a widely used
cryptographic algorithm.
Even the military is using it, which shows that there is a lot
of interest in developing new encryption protocols.
If SHA-256 is cracked, it could have a significant impact on
the security of the internet, as it is used for encryption in
many systems.