Ok, Ill answer the troll:
Bitcoin has no FDIC equivalent. The disadvantages of a centralized currency are largely mitigated by the fact someone's looking over your shoulder for up to $100,000 in deposits per FDIC-insured institution. If someone hacks the personal-I'm-my-own-bank or your house burns down with all of your backups, you're owned. If someone copies your wallet and manages to drain your account, no cops come to help, no federal investigation. You're screwed because you got outsmarted. Who offers bitcoin wallet insurance? Answer: no competent businessman.
There are no Bitcoin banks yet, so there can be no insurance for leaving your bitcoins in the bank. You got that one right... in a way. In the future we will see.
I wonder what happens with the dollar if you get robbed in the street. Oh yeah, you loose them. The dollar is so useless...
I personally love watching huffy-tuffy anti-fed libertarians whine when someone runs off with $1000s of their bitcoins
No shit, libertarians are against theft?!?!?! This must be new or something.
and then state "O DER WILL BE FEDERAL INVESTIGATION & I GONNA CALL POLICE"
Yes, the federal government imposes a monopolly on justice and security, and libertarians have no option but to use that monpolly tfor security and justice. Are you propposing that the government should not provide justice and security and there should be private companies doing it?
- LOL!!! YOU are your own security. YOU are your own FDIC with bitcoin. That's one of the major unappealing components of bitcoin that makes us more mainstream people
Oh, we are talking with more mainstream people. Ohhhh.... How does it feel to be as mainstream as you? Im sure you get all the girls.
that invest in equities, mutual funds, property, bonds, etc. kind of shy away from bitcoin. And, regardless of how secure bitcoin is, if you're hacked, there's no recourse. No fed to help. No Big Brother to rescue you. No insurance company that would willingly cover your wallet.
This is poor quality trolling. The previous trolls were better.
The coins are just... gone. That's why it's BETA, and that's why any of you putting more than a fraction of a percentage of your net worth into the current version of bitcoin, designed for 2-5 cent valuations per coin, are clueless when it comes to asset management. I don't care how secure transactions are - that component of bitcoin is great. The actual logical coin storage application is so poorly-designed and so insecure that it's hard to see this as more than a beta.
You have a point in the last part, but the solution is almost ready.
Libertarians forget that Big Brother watches over you in a good way 99% of the time.
Keep sucking the man cock, youll like the reward.
The system is designed to help you out when shit goes down. You can't deny it.
You can get a song out of this.
Someone steals your cash? Call the cops. They're here to help. Someone murders your significant other? You've got one hell of a system behind you to find the perpetrator. Your bank account gets screwed up? $100k in guaranteed FEDeral insurance (yeah, let me rub that in.. FED FED FED FED - imagine if Allinvain had kept his assets in USD in three different bank accounts - 100% of his assets recovered).
Actually, you got this one wrong. FDIC takes care if your bank goes bankrupt, not if your bank screws with you.
Granted, there are some minor problems with our system (helped not by libertarian morons fighting any regulations whatsoever) like a corrupt healthcare system (we have fantastic doctors - I made a trip to the ER just a few days ago and they had their shit together - but I was lucky with my health insurance coverage, the average guy would pay $5k for what happened to me because Liberdumbs and Republidumbs fight the logic that is a public healthcare system), and a corrupt military-industrial complex that feeds propaganda to the GOP in order to sustain itself. Systems are a good thing. Regulations are fantastic and prevent things like a bank signing off on a home loan to you with your crappy credit and fraudulent application (LMAO@ libertarians whining about foreclosure or job issues due to the recession.... a recession created entirely as a consequence of deregulation of the futures, commodities, CDO, CDS, and MBS market).
Damn I love this anti-libertarian tangent I'm on!
Sorry I got tired of answering your trolling but you are low quality. Try again.