Say what you like about 'fiat money' and 'taxation is theft' and big gov't and etcetcetc but if somebody robs my bank it doesn't cost me anything directly.
When Bitcoin exchange MtGox was hacked on June 19, 2011, the attacker stole 2000 coins (worth $0.6 million today), but MtGox covered the losses with their own funds. Customers lost nothing.
Large, reputable, mature businesses will cover losses for you, no matter if it is USD or BTC.
This jackass has said he isn’t likely to even report the theft to police.
That another bit coin exchange was able to cover the losses from a theft out of its own pocket is more likely good luck than good planning.
It might be a nice incentive for investing money to keep value ahead of inflation but to the man-on-the-street its a bit like robbery in some sense in that it deprives you of the full expected value of your funds.
Oil prices are obviously much higher than they were fifteen years ago, which has follow-on effects for transport and food and similar, and is why I specified 'core' inflation. How would a bitcoin economy deal with these sorts of spikes in commodity prices?