> For regular retail banking customers your deposits have FDIC protection, not a thing you can get with BTC. I'm not sure how to even understand this compariso

> For regular retail banking customers your deposits have FDIC protection, not a thing you can get with BTC. I'm not sure how to even understand this comparison. FDIC protection ensures that if your bank fails, your money isn't lost; you can move it to another bank. This vulnerability doesn't exist with Bitcoin, so there's no need to protect against it (though obviously it has other risks that are mitigated by the presence of a bank in the first place, like loss of access due to poor secret handling).