[jstarfish]

Note that his story closes with the admission that he was given his money back. When funds get stolen, they can be clawed back (barring issues of institutional willingness to do so).

For everyone whose Bitcoin wallets get stolen, there is no recourse. There is no customer service number to call, no court in which to file suit, and no service agreement over which to sue. Unless you live in some war-torn country where you don't know what government you'll live under tomorrow, putting a good portion of your net worth in an asset so easily stolen (or lost to something as banal as a forgotten encryption key) is a fool's errand.

Disambiguating the above sentiment from another context, we had a huge problem with Indian immigrants becoming victims of home invasions once it became apparent to opportunists that they accumulate and hoard large amounts of gold in their homes.

If you live in a first-world country, playing by third-world rules will pit you against third-world opponents.