> Cyprus citizens who had their deposits confiscated in 2013 by their banks emphatically disagree with you. Yes, and plenty of people have also lost their bitc

> Cyprus citizens who had their deposits confiscated in 2013 by their banks emphatically disagree with you. Yes, and plenty of people have also lost their bitcoin to their exchanges/online wallets/hackers. And yes, with adequate security and personal cold storage, some of this can be avoided, but if you want to actually transact with Bitcoin these days, you have to convert to fiat since using Bitcoin as an actual currency right now is a train wreck, which means you have to interact with an exchange. And if you do use personal storage, and were to lose your keys or passwords, there is no recovering your money. Its gone forever. > A man who was moving across states carrying his savings in cash and who had everything confiscated by police under civil forfeiture law emphatically disagree with you. I'm sorry, how is this related to a bank? The entire problem is that the man had his savings in cash and not in a bank. If your issue is with the government seizing his money, the government has seized Bitcoins as well. > Venezuelans who see the value of their currency evaporate and inflate 4000% yearly because of incompetence from their central bank emphatically disagree with you. I fail to see how this is worse than a currency that is as volatile as Bitcoin is, which is also subject to manipulation by anonymous institutions, investors, and governments, if not directly then indirectly.