[rodrodrod]

Most (all?) banks in the US are FDIC insured up to $250k per person. Even if tax payer money hadn't been lent to banks to keep them afloat, provided you had less than $250k across any banks that might've gone under, you'd have been okay. In that sense, saying that they don't really protect your money isn't really true.

Realistically, I'm much much much more likely to lose money stored in a Bitcoin wallet I maintain than money stored in a bank, and I'd imagine that's probably also the case for most people.

[srean]

> Realistically, I'm much much much more likely to lose money stored in a Bitcoin wallet

Oh absolutely. What I was commenting on is that the source of this protection is not the bank alone, but the expectation that someone will pull it through if it went bust.