Well Greece is the example I was going to name. It doesn't happen that often, but it's quite possible. As for the FDIC, there's a similar deal in most countrie

Well Greece is the example I was going to name. It doesn't happen that often, but it's quite possible. As for the FDIC, there's a similar deal in most countries up to a specific amount(FDIC is $150K, other countries sometimes have less), but I don't think the FDIC has enough money for a more massive bank run. I agree with you that Facebook & co. aren't that much more trustworthy at all, my comment was aiming more towards pointing out some benefits of things like Bitcoin.