Hacker News Reader

To be fair, understanding regular currency isn't exactly trivial. Most people seem to get by without understanding the finer points of banking, quantitative easing, M1, M2, etc.. And one might consider the ability of governments to manipulate their currencies for political reasons to be a security flaw.

Also, simply losing your wallet to bitrot, accidental overwrite, or whatever is a big problem for general public users.

The image from the Wired article shows this pretty clearly: http://www.avc.com/.a/6a00d83451b2c969e2015393a8b4c3970b-pi

One of the biggest drops is after "Mt.Gox, the largest bitcoin exchange, admits its database was compromised and user information leaked."

If you bank "lost" your money there would be outcry. Until people understand and trust these establishments it'll never take off.

"Bitcoin" didn't got hacked, but yeah, to a layman it probably looks that way.