Something happened today which makes my choice of bitcoin more stronger than the centralized fiat and traditional banking system.
I transferred some amount of cash to someone to get me a few items I would be needing for my project at hand, a day after I received a call from the him that his account has been freezed due to the amount received into the account that the bank told him it was above the account grade and he has to come with some required documents for the upgrade to a higher tier and this has to shift my schedule I have arranged for my project to a day further.
While I was with a feeling of disappointed I recalled I have been stacking a few unit's of bitcoin in my wallet and have never experienced this crazy shit neither have I heard any bitcoiner make such a lousy complain about bitcoin whatever the amount of bitcoin transfered into their wallet. I don't think there's anyway the fiat system can be compared to bitcoin, the more experiences I encounter the more I see how advanced and greater purposes bitcoin serves.
Well same thing happens occasionally with CEXes to some people as you might as well replace CEX with a bank.
If your plan is to move that bitcoin because someone wants to cash it out and spend, then any centralized entity that deals with the payment and fiat money can freeze your account. We are ultimately dealing with fiat money, and sadly that is the bottleneck for the bitcoin. Until there comes a time where we measure value in BTC and not fiat money, we are stuck with dealing with fiat money.
Only when you are directly changing goods with btc, you are using the power of bitcoin. And by directly i am talking p2p, where the receiver gets to keep the btc. Not any crypto debit cards or payment systems where you pay with bitcoin, but it automatically converts it to fiat and receiver never even sees the btc.