First and foremost: I'm sorry. We clearly didn't talk about the same thing and I misunderstood what you wrote.
My take: Someone was mocking Bitcoins with "But all that regulation is evil and it's the freedom of bitcoin that gives it the power" and I tried to make a point saying that _no regulation is involved here_ (laws? certainly). This is a wallet, it got stolen. Your credit cards are protected, your cash is gone for good.
You invoked PCI and I was (and am) unable to make the connection, maybe again because of a misunderstanding? I'm talking cash. Bitcoins are cash in my world (or - at least their value is equivalent to cash, if you choose to sell them).
From there we went downhill and I overreacted. Yes, for me 'state' is exactly what you posted. Again, sorry for the lapse.
US-centered mindset
The fuck? Firstly, I'm European. Secondly, I assumed you were talking about the State[1], not a particular state.
[1]: https://en.wikipedia.org/wiki/State_(polity)