Whatever “culture” supposedly created it, that’s not the real use case. The same people who will rant about “fiat” will in the next breath, talk about various measures to centralize crypto through PoW. It’s about making money by any and all means including outright fraud, not ideology.
Most damning to me is that the case against cryptocurrency takes two sentences to clearly outline, while the case for them is yet to even emerge.
Transactions are slow and costly, prone to congestion, and cannot scale with demand. The decentralised consensus behind the technology is also fragile and consumes vast amounts of energy.
Nailed it.