It is now used mainly as an investment instrument, using mostly centralized brokerages, which are contrary to its original goal, but the original intent of Bitcoin was to create a system out of the reach of any government.
I must have misinterpreted "oversight" then. I thought you said that the goal of Bitcoin was to create untraceable (from the government) transactions, to evade taxes mostly.
Sure. The original intent was to detach money from the state. In fact, given that Satoshi was a bit of an anarchist, and there were a lot of crypto-anarchists around that niche at that time, I believe he was profoundly with that philosophy in mind.
For probably 99% of Bitcoin users this goal has failed since they use a brokerage and/or they don't use a mixer to hide their transactions--making them easily tracked by central governments.
But, has it really failed if these people
choose to forfeit custody? I mean, if you personally don't care about self-custody, does that alter Bitcoin's goal or my interaction with Bitcoin? Bitcoin is all about freedom of choice in the end. It allows you to mistreat it.