Crypto currencies, and specifically the flagship Bitcoin, have the image of being anonymous and decentralized. But this is a misnomer and a false image.
Look for decentralized mixers and/or buy crypto from other people in person with cash.
Bitcoin is completely centralized in the blockchain;
Completely false. This is such a stupidly ignorant statement it makes me want to scream because I see it again and again and it usually falls on deaf ears. The validation of transactions is decided by decentralized groups that process blockchain transactions (called mining pools). Every block, a random sequence of characters is set out and the mining pool that correctly guesses it gets to process the transaction, take the fees, and get some new bitcoin that is minted to the system. The mining pool then distributes the tokens to the individual mining computers that contributed in the mining pool based on their % of computing power contributed to the mining pool.
Bitcoin being centralized would need a mining pool that contributes over 50% of the coputing power of the Bitcoin blockchain, this would give it the power to decide what the ledger looks like (but the change would show up from previous offline ledgers saved and a mining pool contributing over 51% computing power is publicly visible for everyone to see).
Here's an article about the mining pool distribution.
every single action and transaction is recorded and is in fact traceable.
That is not centralization, that is privacy.
This reality has been proven by the various arrests and legal actions taken against certain bitcoin holders.
Certain bitcoin holders that have publicly linked their wallet addresses to themselves.
Even now, there are moves by the government authorities and central banks to take bitcoin down
You can't take Bitcoin down, you would literally have to control the internet of every country and every individual computer in the world. If at least one or 2 people are running a Bitcoin node anywhere in the world, the Bitcoin network will still be up. There will always be some countries that don't allow Bitcoin even if the majority do because those countries that make it legal gain some kind of edge over the other countries in terms of people conducting business there.
Russia, for example, has moved to impose regulations on use of crypto, and how it can be used.
Yes but they have not been able to stop people mining bitcoin there. Not even China has been able to stop this.
All that really remains at this point is for governments in the world to pass legislation that regulates, or bans, the use of crypto in exchange for local currency,
Oh you're going to get ALL governments to agree on something 100%? Bullshit, too much benefit to go against the grain if many governments do decide to bans crypto. People and business will move to a country where the money is more secure AND Bitcoin is pretty damn secure money. Not a single hack in its whole history. (Ethereum has a terrible history, it is not secure. Most crypto hacks you hear about have Ethereum involved in some way because it's programming language is not a secure way of running things)
It may not happen overnight but eventually the better more efficient tech wins out and central bank digital currencies is the worst tech and the least efficient. The only reason countries like the US are pushing Central Bank Digital Currencies is they need to abolish cash and force negative interest rates on the public in order to keep their debt system from collapsing and kicking the problem down the road. UNDER DIGITAL CURRENCIES, YOU WILL BE FINED AND PUNISHED FOR SAVING YOUR MONEY AND NOT SPENDING IT IMMEDIATELY.
Crypto currencies, and specifically the flagship Bitcoin, have the image of being anonymous and decentralized. But this is a misnomer and a false image.
Look for decentralized mixers and/or but crypto from other people in person with cash.
Bitcoin is completely centralized in the blockchain;
Completely false. This is such a stupidly ignorant statement it makes me want to scream because I see it again and again and it usually falls on deaf ears. The validation of transactions is decided by decentralized groups that process blockchain transactions (called mining pools). Every block, a random sequence of characters is set out and the mining pool that correctly guesses it gets to process the transaction, take the fees, and get some new bitcoin that is minted to the system. The mining pool then distributes the tokens to the individual mining computers that contributed in the mining pool based on their % of computing power contributed to the mining pool.
Bitcoin being centralized would need a mining pool that contributes over 50% of the coputing power of the Bitcoin blockchain, this would give it the power to decide what the ledger looks like (but the change would show up from previous offline ledgers saved and a mining pool contributing over 51% computing power is publicly visible for everyone to see).
Here's an article about the mining pool distribution.
every single action and transaction is recorded and is in fact traceable.
That is not centralization, that is privacy.
This reality has been proven by the various arrests and legal actions taken against certain bitcoin holders.
Certain bitcoin holders that have publicly linked their wallet addresses to themselves.
Even now, there are moves by the government authorities and central banks to take bitcoin down
You can't take Bitcoin down, you would literally have to control the internet of every country and every individual computer in the world. If at least one or 2 people are running a Bitcoin node anywhere in the world, the Bitcoin network will still be up. There will always be some countries that don't allow Bitcoin even if the majority do because those countries that make it legal gain some kind of edge over the other countries in terms of people conducting business there.
Russia, for example, has moved to impose regulations on use of crypto, and how it can be used.
Yes but they have not been able to stop people mining bitcoin there. Not even China has been able to stop this.
All that really remains at this point is for governments in the world to pass legislation that regulates, or bans, the use of crypto in exchange for local currency,
Oh you're going to get ALL governments to agree on something 100%? Bullshit, too much benefit to go against the grain if many governments do decide to bans crypto. People and business will move to a country where the money is more secure AND Bitcoin is pretty damn secure money. Not a single hack in its whole history. (Ethereum has a terrible history, it is not secure. Most crypto hacks you hear about have Ethereum involved in some way because it's programming language is not a secure way of running things)
It may not happen overnight but eventually the better more efficient tech wins out and central bank digital currencies is the worst tech and the least efficient. The only reason countries like the US are pushing Central Bank Digital Currencies is they need to abolish cash and force negative interest rates on the public in order to keep their debt system from collapsing and kicking the problem down the road. UNDER DIGITAL CURRENCIES, YOU WILL BE FINED AND PUNISHED FOR SAVING YOUR MONEY AND NOT SPENDING IT IMMEDIATELY.