It has nothing to do with decentralization.
Wow you are so right. Too bad nobody with your brilliant insight came here earlier to wake us all up before it was too late.
It actually
doesn't have
anything to do with being decentralized and open source. How could we be so ignorant to trust something that isn't a closed-source corporate-backed dot com audited behind the curtain by a third party and insured by the federal government? Everybody knows that only legal tender is "real money".
You just made me realize that bitcoin is nothing more than a thinly-veiled pyramid scheme propped up by buzzword marketing peddled to ignorant suckers.
Thanks for the enlightenment. I almost lost my shirt.