Now ask your grandparents the same questions.
Now ask yourself the same questions about a large amount of cash.
Insured by the FDIC (and FSLIC). And regulated. And we've known about this for a minimum of 80 years. Why is it so difficult for Bitcoin, supporters, and companies to learn lessons from the past and NOT repeat them?
It's the same as giving modern radical Muslims a pass because of atrocities commited by the Roman Catholics 500 years ago. Why are the lessons never learned? Why start from zero?
We are even talking about "If I have seen further it is by standing on the shoulders of giants," more like standing on the toes of little people.