Chargebacks? Reversing accidental payments? Theft? Fraud? These are all pretty important parts of the currency system, and people aren't going to give them up just for the sake of some nebulous idea of decentralization for decentralization's sake.

Do you always log into every machine as root? Do you want everyone to have admin powers on HN and every other social media/chat/forum you use? Authorities exist for a reason.

> Chargebacks? Reversing accidental payments? Theft? Fraud?

Cash wasn't solving this either, yet lot of people prefer it to digital money owned by banks. And bitcoin is sometimes called digital cash, because it behaves like cash in that way. One could argue that it makes people more cautious on what they spend money on.

You can build a reversible payment system on top of a irreversible one, but not the other way around. Bitcoin allows mathematical forms of escrow. Bitcoin also allows extremely secure ways to store your cryptocurrency. You don't always want to log into your computer as root. But would you want a third party to log into your computer as root so they can watch and control what you do?

And as a result will stay irrelevant :/

That's like arguing that TLS will stay irrelevant unless it comes with government backdoors.

The fact that authority figures can't break it is a feature, for the kind of people who would want to use it in the first place (which should be all of us, but sadly is not yet).

> The fact that authority figures can't break it is a feature, for the kind of people who would want to use it

Like I said, this is why it will stay irrelevant. Most people don't want to perform those actions, nor support those actions by using the systems that do. We're never, as a society, going to want to support money-laundering, terrorist-funding or price manipulation.