I don't see how this could even remotely be good news for bitcoin. Banks cover such losses so their costumes lose nothing. It's ridiculously easy for a newbie to lose his bitcoins if he doesn't take proper steps to secure his wallet. I've been a bitcoin supporter for two years, I've yet to see a way that makes 'bank grade' security for storing bitcoin accessible to the average user.
This is the myth that we need to educate all people about. FDIC insurance ultimately is amortized across all clients/citizens. Everyone ultimately pays for all these losses through service fees, deductibles, inflation, merchant processing fees raising the cost of all goods and services, ect..
Banks and governments are sophisticated grifters who have managed to fool everyone into thinking that using credit cards actually is secure and gives customers up to 1% "cash back" for spending or that inflation is only 2-3% a year.
I don't see how this could even remotely be good news for bitcoin. Banks cover such losses so their costumes lose nothing. It's ridiculously easy for a newbie to lose his bitcoins if he doesn't take proper steps to secure his wallet. I've been a bitcoin supporter for two years, I've yet to see a way that makes 'bank grade' security for storing bitcoin accessible to the average user.
There are plenty of solutions which are as secure or more so than bank security for bitcoin:
https://bitcointalksearch.org/topic/options-for-securing-your-bitcoin-wallet-858604
