[toomim]

Those are two different things.

FDIC does not protect you from sending money to the wrong person. It only protects you from a bank going insolvent because it lent out more money than it has. That can't happen in Bitcoin, because your wallet doesn't lend your money out to other people.

Bitcoin wallets don't lend your money out to other people because they aren't corporations trying to make a profit. They are just wallets, doing a service for you.

We've come to rely on using banks when we want to send money to other people because USD alone doesn't know how to send itself to other people online. So banks have stepped in to fill that role. Now we can't even pay for things without a for-profit bank existing in the middle of the transaction. And that bank tries to make money by lending out your money to other people, and that gives it a risk of going insolvent, and so FDIC was created so that the government takes the risk of banks going insolvent.

If you send money to the wrong person, a bank may or may not be able to get your money back. It depends on the bank, and how well they know the other person, and what method they used to send the money, and how strong the threat of lawsuits is between the two parties. None of this has anything to do with FDIC, which becomes totally irrelevant when you use Bitcoin.