Hacker News new | comments | show | ask | jobs | submit login

I'm not sure why he was downvoted. FDIC isn't the only insurance. Banks have other insurance to protect against theft.

Also, banks are protected in a way since they don't really hoard cash or valuables. They invest it which spreads out the risk.

Furthermore, the federal government will go after criminals to recover money. Good luck getting them to help you with BTC theft.

Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | DMCA | Apply to YC | Contact