100% decentralisation has more to do with ideology than actual usefulness IMHO.
EXACTLY! I tried to get this point across so many times, to no avail. Everyone on this forum seems to think that decentralization will bring about some magical utopia, and that a government/centralized crypto cannot work because it's not decentralized. I think they need a reality check.
The current centralized financial system has kinda proven already that it doesn't work, this is entirely the reason why Bitcoin was invented in the first place. You may want to cling on to a failing system and a ship that's slowly sinking, but I think we need to improve and do better than that. It's called innovation and progress, not magical utopia.
On the contrary, it has worked well for centuries, and continues to work well for the vast majority of the world.
That said, can it be better? Most definitely. There are many things that can be improved with the current financial system. I'm just not sure decentralization is one of them.
Your argument is akin to saying "Well, cars have proven that they don't work, since traffic accidents happen everyday. That's why we need to replace round wheels with triangular wheels."
Well, you managed to identify a problem, but you didn't identify correctly the cause of the problem, thus you can't provide the correct solution.
Again, I'm a bitcoin bull, but I'm not a fiat-government-centralization hater.
Well as long as the general population doesn't mind to serve as collateral for the too big to fail financial institutions I guess it's kind of working. But this will fail eventually even if it takes a long time, and it has failed many times already in recorded history. These things just happen over several generations so most people don't notice it or think it's normal and part of human life.