Yeah - I'm making that comparison. Because firstly - Bitcoin is being treated as a commodity by governments around the world (particularly when it comes to tax

Yeah - I'm making that comparison. Because firstly - Bitcoin is being treated as a commodity by governments around the world (particularly when it comes to taxation policy). Secondly, we're talking about broad perceptions of trust in institutions and ecosystems - such that even when Bitcoin is compared to non-insured forms of investment (as opposed to FDIC insured forms of deposits), the bitcoin ecosystem still gets a relatively bad rap. The collapse of the commodities brokerage firm MF Global was to the tune of billions of dollars of client and creditor funds. Not insured. Tough luck. Yet no systemic black mark gets recorded. Thirdly - even if we ARE going to compare the bitcoin ecosystem to currencies as opposed to commodities - we might want to acknowledge that Mt Gox was an exchange - not a bank. There are plenty of Forex brokers which do not have insured deposits for their clients (unless they are also banks themselves). And forex companies dropped like flies during the financial crisis, taking client funds with them. So why is Bitcoin perceived as inferior to normal currency on account of a loss of client funds at Mt Gox? For some reason everyone thinks it's logical to compare MT Gox with FDIC insured banks. Clearly a HIGHER standard is being expected for bitcoin here than for normal currency given the type of comparisons being made. Fourth - some Bitcoin institutions DO have insurance on deposits. Coinbase, Circle and the like have limited private insurance. Elliptic offers insurance backed by a major private insurer. And while I accept that this insurance doesn't compare to FDIC insurance - note that there hasn't yet been a loss of depositor funds at any of these major VC backed start ups. Yes - ultimately lack of FDIC insurance is a strong reason not to use Bitcoin. I'm not denying overall that there are good reasons to avoid bitcoin. My point is that the level of distrust and suspicion directed toward bitcoin is not commensurate given appropriate comparisons made with other sectors.