Give bitcoin another 5 - 10 years, and it will be centralize into the hands of a very very few powerful players (crypto equivalence of Facebook, Google, Amazon etc) making it easier for government to track/monitor/censor etc.
On escaping hyperinflation, while this is possible and also a good thing, you can still loose a huge part of your savings by running to a currently speculative currency/commodity. In Nigeria, a lot of people did that and Bitcoin crashed in value and the local currency appreciated about 30% in the black market where a lot of common folks source their foreign currencies.
It is still interesting to see where all these developments lead.
Isn't this already an issue due to the massive Chinese influence on the BC market?
I remember reading an article a while ago detailing how the network could work transactions faster if some value was changed, but Chinese farmers refused to change the value for whatever reason and because they represent such a large share of the network the whole network is stuck with those sub-optimal values.
It's already possible to fully "track/monitor" (without centralization) because all transactions are recorded permanently in the blockchain.
As to "censor" it would not be possible even if Bitcoin was mostly centralized (I assume you are talking about miners centralization). As long as some miners are honest, even if it's a small fraction, your transactions that others attempt to censor will still eventually be confirmed, whenever these honest miners find a block, because given the P2P nature of the Bitcoin protocol, all transactions can reach all nodes.
