There is no such thing as a free lunch. FDIC insurance can and will fail in the largest bank run ever. Banking is a Prisoner's Dilemma, because the first ones

There is no such thing as a free lunch. FDIC insurance can and will fail in the largest bank run ever. Banking is a Prisoner's Dilemma, because the first ones to escape get their cash, the middle ones deal with insurance, and the last ones lose everything. Use always-audited Bitcoin. Readers here have an advantage of being able to understand the underlying technology.