I honestly think Bitcoin isn't decentralized enough considering that government still controls the Internet and can easily censor or shut them down (is this even possible?) anytime.
The move by government to make us go cashless by gradually phasing out cash is even more worrisome, could make them have absolute control over us.
We need some sort of decentralized "physical Bitcoin" that doesn't depend on the Internet and can be exchanged for online Bitcoin. It is too risky not to have offline alternatives to Bitcoin to act as backup plan for online Bitcoin in case something big goes wrong.
Pls I need to know something, Is it possible to exchange Bitcoin with other people without being connected to the Internet?
Let say the government bans the Internet and you have your Bitcoin offline(in cold storage right?), can you exchange the Bitcoin to the next person by simply transferring some Bitcoin from cold storage to his/her computer, phone or even data storage devices(like SD Card, USB, Hard drive etc)?
If this is possible then no need for the "Physical Bitcoin"
It will never going to happen.. Government can't shut down/ban internet..
Just think this way, we are not only using internet for cryptocurrency.. But we are using internet for all purpose.
We are living in a modern generation now, where internet is very important for our daily living.. Now its part of our life.
Government organizations, banks, schools, colleges, universities, companies etc etc use internet daily. So how can government shut down/ban internet?
Internet can only be shut down for few hours max for maintenance purpose only and government must announce it before doing..
How we will reach to the potential buyer/seller of bitcoin without internet? And don't you think physical bitcoin will be very hard for any kind of transactions?