I would say:
- Someone always has the ability to counterfeit
- Controlled by centralized authority who can change the rules as they see fit
- Centralized authority can print more money
- People can have their bank accounts frozen
- in decentralized currency, bitcoin can't be counterfeited.
- this is why decentralized is better than centralized, no one can control and change the rules, i've tired when my banks change their tos.
- so far this is the problem for them to control the inflation.
- yeah they can lock or freeze our money if we against their Tos.
in additon:
- decentralized is good for those who want privacy like purchase porn, gambling etc.