To me the lesson from all of this is, this is why financial regulations exist. Many nations have gone through this same thing with their own currencies, and the

To me the lesson from all of this is, this is why financial regulations exist. Many nations have gone through this same thing with their own currencies, and the end result is something like the US FDIC, where properly regulated banks have their balances backed up by the federal government and if the bank goes out of business everyone gets their money back. Many people I know who are opposed to this kind of regulatory structure have invested in some way in BitCoin due to their lack of regulatory structure, and some of them have been burned by it. You can hate the guy for his mistakes, but ultimately this would have been far less likely to happen with a stable currency backed up by a stable regulatory body.