There is a lot of options inside the area of bitcoin security. And if you're a crusty old gold prospector, you most likely say "tarnation" a lot. There has always been talk about inflation and the damage it can do to government-controlled currencies.
Many economists have mixed feelings on bitcoin. However, different services now offers very secure online bitcoin storage, fully insured. Eventually, generally within 10 mins (hence the "or so" part), somebody calls Bingo! and "solves" a block.
The roots of electronic money are available in the increased use of computers. To encrypt it, check the "BIP38 encrypt" check box, and pick a passphrase. The hacking of personal banking accounts are observed frequently over these years.