Mostly agree, but let me play devils advocate.

Banks spend millions on security.....
Average user PC is vulnerable.


Your turn :-)

Yeah, my money is safer from the average thief in a bank.

My computer was hacked last week and I lost 0.77 BTC from my Coinbase account. Not a lot since I'm smart enough to keep the big bucks safer, but it still stung that I was that lazy about security. I should have known something wasn't right.

Please don't feed the trolls

FIAT still got stolen from source ( bank database ) - cost, millions on security.
no one can steal bitcoins directly from the bitcoin protocol ( blockchain ) - cost, nothing

separate type of theft:
pick pocketing does happen alot every day
bitcoin scams and trojans happens alot every day but not to the extent of total world crimes of back pocket wallet theft

and as for personal security. paper wallet.. costs just the price of ink and a few minutes work. no armd guards, auditors checking for loses, no managers, no bullet proof vests, no bullet proof money trucks, no timelocked vaults, no institutional oversight committees like fincen SEC.

just one man, a piece of paper and a printer.

now i come to think of it.

the ATM theives done the world a favour.

banks now have to print more bank notes, which offsets the balance.. which technically means that the amount of bank notes and bank customer account balances is higher compared to the bond debt..

so in theory.. the theft has helped reduce the bond debt by increasing bank note circulation and bank balances without increasing any bond debt.

Eventually it will be hackable just like anything and until that day it mains relatively safe.

Well suppose ive btc in my external haqd drive and i keep my fiat in the bank. now telling from my personal experience, ive never seen anything happening to the fiat i have but a month ago my little brother formatted the hard drive and i didnt have any backup for that wallet and so i lost all my coin. thats why i prefer fiat

Well everything is based on accidents and bad incidents and fiat getting stole from atm was on accident too. i could say that the there should be more security around the atm. and we have all seen thousands of btc scams like the gox thing, inputs.io case, n my case

I don't see how that would make the fiat "protocol" hackable. ATMs got hacked, not the fiat. Same thing as supposedly happened with MtGox, they got hacked, not "bitcoin."

Eh, it's not really a flaw in the fiat system - it's just a lapse in security. The same can happen to any user who doesn't follow good security practices and thus has their coins stolen. Personally, I'm still far more inclined to say that the fiat system is safer - if needs be they can literally print more money to compensate losses as well as make the stolen money illegal for all intents and purposes which can't be done with Bitcoin.