@Davedgreat2000, I understand your concern in regards with protection and i see your point for trusting your bank. However, your bank or any other bank would not be able, in case of a regional/global breakdown, to subsidize any of your lost funds as most of the money in the monetary system are fictional. Cryptocurrencies, on the other hand, are unique and cannot be duplicated, stolen or counterfeit as they are running on a decentralized network where all transactions are protected with the most advanced cryptographic algorithms known to man so far. Technically speaking there are less chances of someone hacking into your wallet than are atoms in the whole milky way galaxy.
The headlines of those stolen cyrptocurrencies are perhaps from a centralized exchange that did not care much to protect it`s users and failed to secure their servers, or, perhaps from users that have lost their private keys due to negligence etc. All this reasons can be avoided is the users of the system are well informed and trained in how to do so.
Also, by default, there is indeed no central governance that could refund the stolen goods of a user of the system. However, blokchain in it`s essence is just a stack of protocols that could be adapted to any needs really and a form of governance could be implemented in a blockhain but that would defeat the purpose of decentralization in the first place.
I am very glad that Asgardia is looking forward to adopt a blockchain based fnancial system as it could be expanded into many forms of transactions and open up secure methods of voting, identity management, transactions and the list goes on.