> ...provided tax payers bail them out, at least that has been so in the recent past. So banks dont really protect your money.
In some theoretical sense, sure. On a practical level, I pay my taxes either way, in the banking system my money is insured, in the bitcoin system my money isn't insured.
In some theoretical sense, sure. On a practical level, I pay my taxes either way, in the banking system my money is insured, in the bitcoin system my money isn't insured.