Comment Re:How to regulate something that is unregulateabl (Score 0) 172
Because essentially all of that virtual money sitting in the banking system (unless you're exceedingly rich) has been very well insurred against losses, and has decades of technology and policies to help reduce 'people losing their entire life savings' or 'banks losing all their depositor's cash and now they're going belly up'. Bitcoin has literally no protections for prevention of all your value.
So if you lose your crypto key (dropped $1mil on the ground on the way to grandma's house - one reason BitCoin can't be equated to real cash) or if your bit coin repository gets robbed (akin to bank robbery but without the gov insurance), or the owners steal all your money (gov insured for certain levels), or the bank simply goes bust due to insolvancy (gov insured for certain levels) you have completely different levels of assurance that your wealth is 'safe'. If you deposit $1mil into the bank of fly-by-night, you only have so much protection for the ' being stupid with money' lever, but for people of more modest means where their money is essential to their livelihood, protections are in place to support them.