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re: My faith in Bitcoin just went out the window

Posted on 3/7/13 at 4:44 pm to
Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 3/7/13 at 4:44 pm to
quote:

I use a bank that is FDIC insured


and third party companies that transact in bitcoin can be insured by private insurers if they so choose.


quote:

is bitcoin insured?


bitcoin is a protocol

that's like asking if TCP is insured








Posted by LSURussian
Member since Feb 2005
126969 posts
Posted on 3/7/13 at 4:50 pm to
quote:

bitcoin is a protocol

Herp derp.....
Posted by LSURussian
Member since Feb 2005
126969 posts
Posted on 3/7/13 at 5:18 pm to
quote:

I use a bank that is FDIC insured



and third party companies that transact in bitcoin can be insured by private insurers if they so choose.



How many U.S. bank customers have lost any of their money over the last 50 years because their bank was robbed?
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