Even before the government began to show interest in Bitcoin, I had already felt within me that decentralization was gradually fading away. That is the reason I created this post: Why use decentralized Bitcoin in a centralized way?. Many people gave reasons why they are still using Bitcoin in a centralized way, one of which is that people are still stuck with the traditional financial system. They don't care much about privacy; they just want to get returns from their investments.

Saying the government's interest will likely cause decentralization and privacy to fade away is like looking for an excuse to justify what we are already guilty of. In years to come, we should expect more regulations from the government through the exchanges, and we will still gladly comply because, truly, only very few really care about decentralization.