centralize money vs. decetralized money (bitcoin)

[kaleemmalik]

Hi guys nowadays most people still arguing which is the best centralized or decentralized? , well if we go back in traditional and old times centralized money is the best because we can handle it , we can keep it. but today bitcoin is very popular because its decentralized . and its very convenient . however many of us still afraid in this new type of money which is virtual because it might lose or somewhat but it still similar on cenralized money that might steal or lose. also many financial analyst still advicing about putting your money in bank ? like hell ! ? investing in decentralized much better than  putting your money in bank 1% or 2% monthly ? .. whats your thoughts?

[zenbook]

Of course financial advisors still advice to put your money in a bank or in stocks or something like that, do you want to know why? The reason is simple if you didn't they will have to look for another job and they will not be able to earn a fortune by telling people common sense advice, if you invest in bitcoin or in other cryptocurrencies you can earn in a year what they earn in a lifetime.

[sugarchrisp]

It depends on what it is and what you're using it for.  No one should be able to tell you what you're doing with your money, but sometimes there are things that need verification and that requires a bit more centralization.  It's also important for people to pay taxes as well, so there has to be some sort of an avenue there that governments can pursue in order to get the funding they need for roads and schools and things like that.  Banks shouldn't really be as influential as they are, so their control needs to be tapered back quite a bit.  They've been taking advantage of people and imposing fees on them for basic things for far too long, and crypto is basically people fighting back against that.