Bitcoin has only a handful of big exchanges. When the Lehman Brothers went bust back in the 2008 crisis, many markets crashed as hard as Bitcoin did after many of its bubbles.
Just like Bitcoin did after the Gox incident, but it's still here. If we managed to survive the death of the biggest and oldest exchange, what's there to worry about?
I wasn't aware that the government didn't support fiat, or that we can hold our bitcoins in our hand, or that fiat isn't widely usable and have shown a history of being accepted everywhere, as well as being guaranteed to have value by the government.
You are quite literally comparing two very different things. Like saying "airplanes must be safe because cars all have airbags!"
I rather feel like I'm comparing a tiny aircraft with a jumbo jet, but both of them are up in the air as we speak and none of them will fall just because somebody decided shoot a pistol in their direction.
Both fiat and Bitcoin won't die just because somebody decided to start a new ponzi.
That has nothing to do with the fact that almost everybody uses fiat and very few know (not even use!) Bitcoin.
Deployment, deployment and mass adoption - that is what we need in the end.
Take your grandparents for example and try to convince them to use Bitcoin instead of fiat (despite many scams being run in fiat as well).
That's true, but we're slowly getting there.
They don't use the internet and ask people to buy stuff online for them, so it's a lost cause, but I doubt scams are the main reason older people use fiat and not BTC. Usually they are to lazy or to afraid to learn something new. Teaching them about Bitcoin is dragging them out of their comfort zone.
Let's try a different example, then.
Fiat = a guitar
BTC = an air guitar
Someone could argue that the air guitar has monetary value, but it's up to others to believe it. The real guitar is a physical item. You can see it. You can feel it. It obviously has value because many people use them and buy/sell/trade them.
If someone went around selling guitars, it would be obvious that you either have it or you don't. There's no other way to see it. If you can hold it, you have it.
The air guitar, on the other hand, isn't seen or felt. Someone says "I'll give you this air guitar for $10." You accept. Then they say "hah, just so you know, you got nothing!" Think they're going to trust the next person that offers the same thing? Hell no. And they won't let their friends fall for it, either.
