I agree that the term "cryptocurrency" has become a bit too generalized and can be misleading. However, it is still accurate to say that many cryptocurrencies are known for their decentralization features. While some coins may be centralized, the majority of the most well-known cryptocurrencies are decentralized and operate on a peer-to-peer network.

Regarding the issue of power and influence lying with select promoters, this is a concern that needs to be addressed. However, it is important to note that genuine decentralization takes time and effort to achieve. It is not something that can be achieved overnight.

Furthermore, the value of privacy in cryptocurrencies is not solely dependent on decentralization. Even if a coin is centralized, it can still have strong privacy features that are beneficial to users. Ultimately, the development and adoption of cryptocurrencies with genuine decentralization features will help to address concerns about power dynamics and further improve the value of privacy.