If someone steals your bearer instruments (one type is "cash" as in Euro bills for instance) what kind of guarantee do you have? Oh, none... this is the "real currency" most people would think of.
The just as usable (in most cases) currency retained in your bank account is another story.... it is also not anonymous. The plods can find you laundering or buying extreme porn or something. So this currency isn't really as "real", but it is mostly just a good and is better protected from theft.
I do wonder who actually will pay for the stolen bitcoin value-- maybe Linode had an insurer? Maybe they are paying just because if they didn't their business would implode (that is, there is no written guarantee to the users, so you pays your money and takes your chances)?
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