Well, you don't pay for the security associated with state-backed currencies (in fees and regulatory constraints) and you don't get it. That's it. The Gox deba

Well, you don't pay for the security associated with state-backed currencies (in fees and regulatory constraints) and you don't get it. That's it. The Gox debacle will teach people to cold-store their wallets themselves, which is an excellent thing for bitcoins.