Bitcoin was created to stand as a decentralized medium of making transactions from one person to another without the involvement of a third party or the government which is a good initiative towards privacy and maintaining anonymity while performing transactions but i have also thought of it in the other way round, don't we think that politicians who loot government funds can use bitcoins to hide huge amount of money such that when the EFCC want to probe them for mismanagement of funds it will be difficult to recover looted funds since they might not be able to trace it due to the fact that they have converted the money to bitcoins. Can decentralization really help us at this time when there are so many cases of financial crimes in the society?
What I can tell you is that whatever that has advantage also has a disadvantage too, so that is the bad side of decentralization. But however we can not only capitalize on the disadvantages since the advantage is also important. Let's say that I want to travel abroad and I have lots of inherited property that I need to sell, and I sold it eventually, if I know that sending such huge money in the bank will result to Alot of questioning I may decide use it to buy Bitcoin and receive it in my decentralized wallet, before traveling abroad to avoid much questions from the bank. And also if I want to recieve large from from outside country and sending it toy account directly may result to much questions I may decide to receive in my wallet and sell gradually. So in however way you out it the advantage can not be neglected because of the disadvantage ofoney laundry.