Interesting commentary. How do you store anything of value at a SP (i.e. anything worth more than the compensation value?) without regulation of SPs? Like banks, the value of customer trust in a SP would have to override the losses they might incur to make someone whole. Otherwise it's hard to see how you store something like bitcoin in any SP.
Don't invest in Bitcoin? As it is, it's an extremely volatile currency. This just adds to many more reasons why I'm never investing in it.