ever since the interest by government and institutions I feel we are losing on decentralization and privacy.
No, bitcoin privacy does not run by who is adopting it or how they are accepting it, be it institution, government or private individuals does not determines bitcoin privacy, this is what determines bitcoin privacy.
- the wallet you use
- p2p mode of exchange used
- how you run your privacy and understand it.
- the way we reveal our own identity to third parties
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Here are further solutions to the privacy needed.
wallets for security and privacy
Bitcoin CorePassport ElectrumSparrow Bluewalletwallets security and privacy mega threads
https://bitcointalk.org/index.php?topic=5509759.0Open Source Hardware Wallets
while for the lovers of exchanges, you can use these:
decentralized exchange
https://bisq.network/https://hodlhodl.com/ You can see there's no way government could deprive of your privacy in any of these, except we by our own self render them access, this is more of the bitcoin network itself and not their investment, bitcoin national reserve or even ETF that can take our privacy from us.
Would government fold their hands and not try to make devs push a protocol that would favour them?
How do they get across to a decentralized network, developers and community, impossible.