Comment Re:Bad Analogy (Score 1) 357
Yes, setting up a wallet is really easy. Setting that wallet up in such a way that it doesn't get emptied by malware or lost due to hardware failures is a whole different ball game. That's not even touching on setting it all up so you can do all that while still having the ability to pay for things with bitcoins when your not at your computer.
Keeping a private Bitcoin wallet is exactly like keeping your cash under the mattress in terms of risk, and it's simultaneously less portable. Bitcoin proponents think that we only use banks because of the convenience of things like ATMs and wire transfers, and that's certainly a part of it, but people have been using banks for just about as long as there has been money, nothing in Bitcoin's architecture removes the reasons banks were set up in the first place, that's why exchanges cropped up as pseudo banks to begin with, because there was a market need. The difficulty is that they were like the old Savings and Loans only more incompetent.