This suggesting is frightening. The whole point of decentralization is to stop centralized power from abusing their ledgers. Yes crypto is a record of transact

This suggesting is frightening. The whole point of decentralization is to stop centralized power from abusing their ledgers. Yes crypto is a record of transactions (a ledger) and yes any single company can provide the same service by “simply” recording transactions in a digital ledger, but then you end up with exactly the situation we’re in: companies devaluing balances or making them expire (air miles), companies freezing accounts to save themselves (paypal), and all sorts of other feckery. At their best, regulations stop the outright theft that companies are capable of (let’s not talk about the worst of regulations). The point is that any central authority can and will use their position to further their own profit margins at the cost of their “customers”.