> That's a big assumption. Are you also assuming the FDIC will extend its coverage to personal wallets, that the FBI will automatically involve itself when your

> That's a big assumption. Are you also assuming the FDIC will extend its coverage to personal wallets, that the FBI will automatically involve itself when yours gets stolen/hacked, etc.? The banking system involves a lot of consumer protections that aren't present when you store stuff at home. The assumption of widespread adoption is necessary to have any meaningful discussion about the advantages of cryptocurrency over traditional currency supply controlled by a central bank. Of course the currency must be adopted to actually matter! I do not assume that FDIC will extend coverage, or that FBI will automatically investigate or recover hacked funds. That said there is nothing stopping this from happening and it may happen if one or more cryptocurrencies are largely accepted and used. It's also possible that private insurance plans become available, which undoubtably will come with more choice and control than the FDICs protection. Storing money your own wallet has risks too, but they are not the same as those of storing money in a bank or at home. As crypto adoption grows, I believe the number of people making this choice will also grow. > Sure, if you want to spend the rest of your life in jail for contempt of court. The original post, and my reply, was about civil forfeiture.