I maintain that while it is easy to complain about the distribution of Bitcoin (or any other single cryptocurrency) the simple fact is that crypto is widely distributed. Where are Bitcoin Whales yet they are mostly different from the EOS and Ethereum ones. We see this repeating itself on Steem. Steem Whales are much different from LEO or SCT ones.
With each new cryptocurrency, it further pushes the distribution outward. That is why the present system really stands no chance. There is no one area to target. Even if Bitcoin is in the hands of the government (no proof of that), what about the other tokens that are seeing development and progress? All of those can be used in lieu of fiat.
It isn't any single label that defines the enemy of freedom. Government is just one mechanism of control, after all. Blockstream is owned by AXA, which is controlled by a Bilderberger. Bilderberg isn't the government. It's a mechanism for controlling governments, arguably worse than government itself.
This is publicly verifiable information, which I recommend you undertake, to prevent being tricked into thinking BTC is free from being controlled by the banksters that are the real enemy of freedom.
Decentralization, continuing to develop as new cryptocurrencies are created, does indeed inevitably and ineluctably reduce centralization and monopoly. No single decentralized mechanism does that, so BTC alone does not do that. It is, as you point out, the myriad decentralized alternatives to centralized mechanisms that do that in toto.
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Doesn't matter if they control the development of Bitcoin.
The network won't allow them to do 99% of the things that they want to do with it.
As long as they can't create inflation out of thin air that alone makes it a thousand times better than fiat. It isn't easy to push forks on the Bitcoin community. Who cares who the dev team is? It's not changing. Bitcoin is the most censorship resistant coin of them all, for better or worse.
It is by controlling transaction fees that they effect inflation. It doesn't matter if BTC tokens can't inflate when the cost of transacting in BTC is inherent to using BTC, and they can control transaction fees. Blockstream controls transaction fees, and thus BTC inflation.
Further the derivatives market is a mechanism to control the price of BTC irrespective of inflation, just as PMs and other assets are manipulated to artificially depress their prices, enabling other players than the specific entitites that control Blockstream to affect BTC, opening that market and increasing the real value of BTC to them for those purposes.
You aren't wrong about BTC and censorship AFAIK, but that merely demonstrates that there is no censorship proof mechanism extant today. This is why we need mesh networks and open source hardware before we can have secure and censorship free speech.
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This is why I consider Bitcoin maximalism to be harmful.
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It is. We all need to know that as soon as BTC ate the whole economy, it is our new enemy. Cuz it will be one of the biggest and most centralized systems out there..
Already a big step forward. ;)
But BTC won't be easy to fight. Especially not when it's grown up.
But there will be new dank ideas/ projects combining awesome knowledge and mechanics/ technic (code). ;)
The ownership of BTC is very centralized. The protocol and its development, however, are hard for any single party to control. That's actually a feature and a not a bug. But if Bitcoin were to become the new money, the concentration of wealth would be tragic.
That's why the next decentralized key-technic is going to have key mechanics implemented focussing on distribution and probably also privacy! ;)
That's what I was aiming at with my text.
Doesn't matter because it's not centralized to the central banks. Anything that breaks up the bank monopoly frees the world in ways we can't even imagine. Any competition is good at this point. Doesn't matter what the source is.