Not really, see e.g. the 2012-2013 financial crisis in Cyprus, there was no "army" to enforce that people got all their money back... [1] The only thing that keeps the system working is trust (see other reply to my initial comment that explained it more thoroughly).

Though I agree that there is a lot less "backing" of Bitcoin in that sense, nothing protects you from losing everything if something goes wrong.

https://www.theguardian.com/world/2013/mar/30/bank-of-cyprus...