milk and honey

The only time Bitcoin gets stolen is if people invest in shady crap (like Bitconnect, classic ponzi scheme). The single biggest reason why Bitcoin or other Crypto's like it are monumentally safer is because of a lack of centralization.

Bank accounts, Credit Cards etc are what is called a "Custodial Account", meaning some authority manages the "security" of those accounts and authorizes requests to pull from the account.

Using crypto currencies, you control the safety and security of the account "wallet" and initiate a Push of funds from one account to the other. Without the private keys which control access to a wallet, no one can authorize the money inside.

What happened with bitconnect is several million people out of pure greed and no common sense invested into a ponzi scam without the understanding that it was a ponzi scam.

Can you make money in a ponzi? Yes, absolutely. Get in early, get out fast, problem is most people don't know how to identify a ponzi scam before it's too late.

Thanks for the clarification, that's actually super interesting and a lot better explained than the few news articles I looked at.

It helps when you understand the technology, mainstream media knows nothing and wouldn't know a bit from a coin.