First of all, thank you for waking up some more people about the false safety of encryption, while quantum computers cut through every encryption of 512bits and lower with the same easy as a knife through butter. Higher security takes some more effort but is just crackable too. Also, Intel knows every single thing thats happening on your pc/laptop because of their build in micro OS inside every single piece of their CPU's from 2008 till now. Except those for the NSA

When i first heard of cryptocurrencies i also heard it was created to avoid the corrupest banking system and the governments so we would be owners of our own money again, in privacy. That was, like anyone else ofcourse, grabbing my full attention for it. I wanted that utopian system in my life ofcourse. And because i was as broke as Greece at that moment (i joined "the scene" after the big peak of BTC) i started to participate in airdrops. All airdrops promote some 13 in a dozen project of which i almost always wondered what blockchain would do for this kind of company that a centralized system wouldn't. I soon found out many of those started only because of the coins and they just needed a story to tell the investors, so they buy tokens more easily. Most of these projects are all the same ( yet another exchange or game to earn tokens with a stake vault system).

That was kinda desilusional moment one. Projects are mainly plain BS and only there to lure investors. I was fairly ok with that idea because i wasnt interested that much in the projects themself. I dove in it for the security, privacy and freedom the blockchain offered. well thats the thought i had until i found out that it isnt that hard to follow bitcoins back to its owner with network scan sites that are open to use by everybody. Even more desilusional it was when damn exchange and project started to ask for KYC. Giving your ID to every startup you wanted an account 45 There goes the anonymous dream and the government not able to tax us wildly was also something from the past. All under the so called attempt to prevent money laundring the same way as they say mass surveilance is needed for safety against terorism. And in both of them people accepted it without questioning it. And its both just BS. I really dont trust everyone with a copy of my passport, there is so many identity theft nowadays... I see it as the crypto startups destroying the blockchain insulting Satoshi by capitulation and bowing for the governments and banks. I dont think Satoshi had this this all in mind when Bitcoin was created. Its was to avoid those not give your ID.

So for me, the dream was over. All thats peactically left is cryptocurrency and the blockchains as a big casino to gamble on coins, just like wallstreet is with stocks.

With this reputation and the fact that for newcomers its still very hard and complicated to understand how to dive into this new world of crypto and blockchain, i can only agree, yes theres is a problem. And it will only become a bigger problem over time.

Centralization or not, its not that much of a matter to me anymore this way to be honest. It doesnt change the game. The rulers won this round (again). On to the next invention.....