So I am led to the conclusion that, cryptocurrency is not the problem, but centralization and the human factors are the major set back in the young fast-growing cryptocurrency industry
Yes, I so much agree with your point of view, because the only problem cryptocurrency has today is centralized exchanges and human factors such as "greed", because its only greed that can make man want to hack/steal other peoples money worth millions of dollars, and likewise, only through the help of a centralized exchanges can all these be made possible, simply because users has no control over funds in a centralized exchange wallet
Right. Centralized exchanges safety to use is never a guarantee in the long run. Not only because we are still in doubt with KYC, but mainly because these exchanges could motivate those greedy people