[peterjlee]

What do you mean by "they do have the ability to credit their accounts"? So the Fed will print more dollars and buy bitcoin? The total number of Bitcoin still doesn't change and it will raise the value of Bitcoin while devaluing dollars. The bailouts can still occur but it will occur in dollars since that's the only currency the Fed can print. If the Fed prints more dollars, it will devalue the dollar and everyone who holds dollar will have less purchasing power while if you had Bitcoin (or gold or any other currency), you're purchasing power won't be affected.