In a decentralized digital asset no government can interferes with the system thus making the system uncontrollable by any authorities but it can only be regulated or outrightly banned by the government.
I prefers a decentralized form of digital assets to a centralized system where the authorities will take control of the asset there is likelihood of manipulation by unfaithful and corruptible powers behind those system
Completely agree with you, mate. Decentralization is the way to go since it gives the power back to the people instead of corporations, governments, or other centralized entities. The level of success that Bitcoin has experienced today, is due to its decentralized nature. However, if it becomes centralized then investors might flee into another cryptocurrency which is decentralized as Bitcoin becomes extremely vulnerable to 51% attacks and external manipulations.
Eventually, I believe that most centralized systems might fail in the future, as decentralized systems would provide unparalleled security, reliability and other benefits which are too hard to ignore in the mainstream world. Ripple or should I say XRP, is centralized and it could fail anytime, considering that it relies on banks and governments to succeed. The moment its internal company decides to freeze assets on the XRP ledger, or governments decide to take over the network, then the whole system will collapse.
On the other hand, that's not the case with decentralized cryptos like Bitcoin and Ethereum, where nodes are widely distributed across the world, and there's a lot of hashrate backing them. For governments or other entities to succeed in destroying such decentralized systems, they would need to spend a lot of money to perform a 51% attack, block BTC nodes, among others to disrupt the network. However, as the number of nodes and miners grow on the network, the cryptocurrency becomes stronger and impenetrable against external attacks. Therefore, decentralized cryptos like Bitcoin and Ethereum will win as they become unstoppable over time. Just my opinion
