I don't really get why most people pit central exchanges and bitcoin from one another. Both have their own purposes and functionalities. They serve different markets as well. After all, not everyone is into crypto. Some are contented with the current fiat system and we have no control over that. The central exchangers cater those people who are mostly traditional and conservative in holding their finances.
its fair to not just sling crap around in some tinfoil nutcase rhetoric, but that requires people doing research and understanding how MSB(exchanges operate) and how regulations work in the real world, to know which arguments to actually make and which ones are just tin foil fantasy
EG
idiots hating exchanges with rhetoric of 'government are spying' is incorrect because its the business that collects analyses and stores customer data not the government. the business only reports to government on specific customers it deems as suspect, and to validate their suspicions they need to collect data to cancel out invalid suspicions by knowing who is a clean customer thus no need to report on all acts done by clean customers. lack of knowing things causes more suspicion... not less
but its also fair to highlight the risks of MSB(exchanges) such as when using an exchange as a custodian. you are not under some government insurance that protects your value. so unlike a institutional bank account, a MSB wont get bailed out and there is no consumer protection of value. yes you can try to form a lawsuit to sue a business privately but that then requires proof and accounting and showing you are indeed a customer of theirs in the first place and then prove the value was not lost due to the customer error.
so highlighting to people its safer to not use a exchange as a custodian(savings account) is better then to not inform people and let them lose their value(mtgox case) where they falsely assumed if an exchange closed people would get a cheque in the mail from some insurance/government department
