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A comment on The SEC Shows Why Bitcoin Is Doomed. Parent comment

Re:The SEC Shows Why Bitcoin Is Doomed by dragonwriter on Thursday August 08, 2013 @02:03PM (#6180678)
> And of course there's nothing different between a compromised computer contained BTC and a cash mattress fire.

The difference is that I can use USD and mitigate the risk of a cash mattress fire by using a bank, savings-and-loan, or credit union, and mitigate the risk of using such an institution by using an FDIC-/FSLIC-/NCUA-insured institution.

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Re:The SEC Shows Why Bitcoin Is Doomed by etchalon on Thursday August 08, 2013 @02:11PM (#6180721)
…if you use a bank then why would it matter if your mattress caught on fire…
[ Parent | on HN ]
Re:The SEC Shows Why Bitcoin Is Doomed by dragonwriter on Thursday August 08, 2013 @02:18PM (#6180765)
That's why the availability of insured banks to place some of one's dollars in mitigates the risk of mattress fires. Is there some part of "mitigate the risk" that wasn't clear to you?
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