There also was no FDIC or other basic forms of insurance that serve as economic stabilizers now (hi Mt Gox).
Growing pains!
At least in the case of Bitcoin, when Mt Gox took a dump it didn’t crush the entire USA (nor even Bitcoin) along with it. Once again, I’ve often said in this thread and others that Bitcoin isn’t a replacement for currency in every case. It’s more of an investment at this point.
I’m glad to have supported Bitcoin because its popularity is helping to spawn other, more advanced stuff. I think a lot of the fear and loathing surrounding it is overhyped.