I do not think that the problem is in the concept of centralization, but rather the preferred and well-known model for people is centralization. Banks arose more than 100 years ago, and almost all of us, since we were born, traded in cash, not gold, and even most of us believe that money is only in banks, given that cash payments have declined significantly Thus, the concept of decentralization is new to humans.
Humans are afraid of anything new, let alone responsibility in decentralization. For example:
- You find that many people forget their bank account.
- All responsibility in the bank is to prove your identity or signature, and the bank is responsible for securing your money from theft and all risks.
- In Bitcoin you lose out if you lose access to the private key, most people don't want to take that responsibility.
If we take all these reasons, we will understand people's fear of cryptocurrencies.
I have not yet mentioned the influence of media, fake news, fraud, hacking, and others.
that's what people usually call "fear of the unknown". as exactly as you've said that most people find it easier to let other people handle their finances for example the role of the banks, while in decentralized ecosystem there nobody is in charge of nobody, so in order for that to be effective, one must be responsible enough to take care of their own, and that's mostly what people find annoying specially in the case of rich people. in terms of social media statistics, ever since the beginning of mankind entertainment already existed and we are all aware that people are drawn to something exclusive. being on trend is something people find it exclusive so some people are scrambling just to be recognized in the crowd as one of those special people in the internet, and let's admit the fact that nowadays those people i mentioned only care about decentralization and privacy once they are threatened or those information they broadcasted online will be used against them.