How can you lose your savings if it didnt go to 0 ? The very worst you could do is lose 60%
That wasn't meant literally, of course. Losing 60% of all you own is bad enough, don't you think?But you CAN lose all of your life savings if you left the bitcoins in MtGOX, invested in Neo & Bee, or any of the other zillion bitcoin scams. (The first time I heard of bitcoin was when Rick Falkvinge tweeted that he was investing all his savings in bitcoin. Guess where he left them. Fortunately for him he managed to get part of them out in time.)
You can also invest your 50'000$ of savings plus 50'000$ borrowed from relatives, friends and banks. (You can bet that many people did that. If the salesman says that for sure BTC will be worth 1'000'000$ in a few years...)
This idea that the government needs to protect you from your own investment decisions is comical.
It is funny, but one of the things that people expect the government to do is to protect them from scammers who try to sell unsound financial instruments with misleading promises. That is why there are things like the SEC and consumer protection laws. And that seems to be the reason why many bitcoin businesses catering primarily to US citizens are based in Panama or other unlikely countries.Personally I think it is a good thing that a government does that to a certain extent, if it would not we would all be at the mercy of the gods (1%'ers).
