anybody can check your wallet balance ones they know your address so what exactly makes it private?
Then don't reuse addresses and don't broadcast which addresses belong to you.
Decentralized but yet you still make use of the centralized exchange. You participate in ICO, IEO etc. and you get token but the dev team can lock your token or makes it useless by changing the smart contract.
That's nothing to do with bitcoin. Bitcoin remains decentralized, and it is entirely possible to use bitcoin to its full extent without ever touching a centralized platform. If people want to use centralized exchanges to buy centralized scam coins, then that's on them.
This is over reacting on freedom things since I don't see any danger on it not unless if you are trying to hide your illegalities
Nonsense. If you decide that only criminals deserve privacy, then the only ones who will have any privacy will be criminals. If you think privacy isn't a big deal, please share your real name, email address, social media profiles, and passwords to all your accounts, so I can have good snoop around your life and post whatever I like publicly. No? Didn't think so. Why is it any different letting anyone who wants snoop around your financial transactions?