Agree in full. Perhaps "deprecating the federal reserve" was language too strong to describe the explicit goals of the bitcoin whitepaper.
I do still assert that an organism which succeeds in a mission to 'replicate a similar system of "cash" in a completely decentralized (in that, anyone* can participate) manner' will achieve the same. And that, for reasons directly attributable to the specific implementation, bitcoin does not achieve this.
Bitcoin is an attempt to replicate a similar system of "cash" in a completely decentralized (in that, anyone* can participate) manner.
*With sufficient knowledge and technical resources.