But that isn't an inherent attribute of the currency, that's an attribute of the US banking system. Simply storing your money in USD does not offer any such failsafes. If I store my USD cash in an insecure manner (on the dresser in a shitty hotel with underpaid employees), the FDIC is not going to reimburse me when it gets stolen because they were US dollars. Why can the same not be said for Bitcoin? Just like having USD in cash, it's not the currency that is the problem, it's the method of storing it. Perhaps Bitcoin doesn't yet have the same robust infrastructure and collection of institutions built around it like most first-world currencies, but that is not because of some inherent flaw with Bitcoin, that's because of its relatively young age as a currency.