Bitcoin is not a very practical option for the general public because there are various scenarios where the user can permanently lose their money without the po

Bitcoin is not a very practical option for the general public because there are various scenarios where the user can permanently lose their money without the possibility of recovery. There are many techniques for keeping bitcoin secure, but even something as simple as sending money to the wrong address can cause a permanent loss of funds which is a serious problem in the context of social engineering attacks and technical issues related to preventing one's wallet from being stolen/lost/deleted/corrupted. Another problem is that the plethora of online wallet services and mobile clients means that the user has to take responsibility for vetting the software or service they use to participate in the bitcoin economy. This ends up being very risky because developers are not legally responsible for loss of funds due to software errors, poor security or something more sinister. On the other hand, the relatively strict and standardized operating procedures of the banks keeps customer money safe in practice and a trusted brand like Apple is held to a higher standard with regard to the trustworthiness of their software.