Just because if everything works perfectly then you are eventually isolated from the risk doesn't mean that there is no risk. There are real costs to identity f

Just because if everything works perfectly then you are eventually isolated from the risk doesn't mean that there is no risk. There are real costs to identity fraud even if the financial ones are eventually corrected for. Imagine that I am traveling abroad and only have one bank, if someone broke into my house and found my routing and account number then I would have to get new ones. As I am traveling abroad I will have to continutally have access to money to simply have a place to stay. Suddenly something that you are saying isn't a risk to me is really fucking up my trip and even has the potential to have me sleeping on the street. Bitcoin provides a different way to deal with the risk, it lets you control almost all of the risk personally, of course this means that if someone does steal your bitcoins from you, you are fucked. No third party to protect you, but also no third party to mess you up. They serve different purposes.