After reading some articles from
https://endthefud.org/, I am still not fully convinced that Bitcoin is decentralized and without Bitcoin being decentralized, it carries little to no value.
Despite many supporters claiming that no government has control over the Bitcoin network or price (and that even if they do have control, they wouldn't hurt it due to innnovation), this seems to be proven untrue time and time again. For example, over the years, everyone labelled China threats as FUD and that they would never completely ban Bitcoin. Earlier this year China banned BTC mining, and over half of the entire network shut offline in the following weeks.
Also most recently with the Infrastructure Bill, the broad language used to define a “broker”, is a major blow to decentralization.
So just because of the recent impact caused by the cessation of mining in China and then generalizing Bitcoin centralization? Just because it has affected the market price for some time? does the timing of China's crash on the Bitcoin price last? no
decentralized concept is free from central control? Since when did everyone think of China as the Center? we never even said that in either the literal history of Bitcoin or the star of the show.
The logic is simple, If Bitcoin is centralized, seeing the price fall still persists until now.