Centralization offers many benefits that some people value. There is nothing whatsoever wrong with that. Bitcoin offers the choice and makes trusting a 3rd par

Centralization offers many benefits that some people value. There is nothing whatsoever wrong with that. Bitcoin offers the choice and makes trusting a 3rd party completely optional. For some institutions, they already have legal departments and experience with valuable contracts, so this service presents nothing new. Securing the private keys of a cryptographic currency, however, is not something they have experience with. There is certainly some truth about reality vs. the cypherpunk vision, but I also think this is largely a strawman; many people in the Bitcoin community don't believe in overthrowing governments or that everyone will participate in completely decentralized systems. Bitcoin can still offer value alongside traditional financial markets and the legal authority of the state.