It's an important distinction, even in this thread someone has already confused the difference. I have warned people off of bitcoin for years with the specific

It's an important distinction, even in this thread someone has already confused the difference. I have warned people off of bitcoin for years with the specific explanation of the difference, and how no real system is secure (regardless of the underlying cryptosystem being correct). Yet it's somehow acceptable for companies to collect massive amounts of personal information for profit and get hacked. So my realization is that it doesn't matter, a system is useful because of it's value, and hacks are a part of that expected value. You know who sounds like an incompetent, the company that leaked 230 million people's personal information. You know who sounds like a crook, the companies that said they would stop selling geo location data, but continue to anyway. Some companies store money directly in servers, and some are barely punished for leaking personal information (meaning the economic incentive to stop that behavior is not there; the loss of value is externalized). To an extent one of those sounds more honest to me, and it's not the traditional one. This is not a problem with bitcoin, this is a problem with capitalism, bitcoin just makes it obvious.