The Simplest Bitcoin Book Ever Written
YOU CAN'T TOUCH A BITCOIN
This is a feature, not a bug.
The very fact that bitcoin is not physical is one of the
biggest factors contributing to it's unconfiscatability!
BITCOIN COULD GET HACKED
In the 15 years since it was launched, it has never been
hacked.
There have been hacks at exchanges however, so I highly
recommend moving your bitcoin to your own self-custody wallet
as soon as possible.
It has been estimated that to break the SHA-256 encryption
(that bitcoin uses) within 24 hours, a quantum computer would
need 13,000,000 physical qubits. At this time, the current
qubit record held by Atom Computing in California is 1,180
qubits.
It is widely assumed that a quantum-safe encryption method
will be developed well before it is needed.
Being open source means anyone can independently review the
code. If it was closed source, nobody could verify the security.
I think it's essential for a program of this nature to be open
source.
~ Satoshi Nakamoto 2009-12-10