We each hold our own coins. Not some bank. Anyone who lets others handle their money these days, especially governments or banks, are fools and deserve what they get.
Then go tell everyone to stop trading on Mt.Gox and all other exchanges, they are doing exactly that, holding other peoples coins. Now would you PLEASE address my point on Backing vs Security.
Lol good point. Bitcoin is as safe as its exchanges can be. The weaker link rule.