That’s missing the point. You could have said the same thing about the internet. But we are not collectively making this decision based on politics, the market has decided that crypto is valuable.
Why do I need a fully trustless system that is worse in every other category? Slow, more expensive, less consumer protection, etc.
At the very least its not obvious and the market has not spoken. Even people speculating use off chain exchanges, not the chain itself.
Have you ever had your entire bank account confiscated by the government? That's what happened in my country in the 90s:
https://en.m.wikipedia.org/wiki/Hyperinflation_in_Brazil#Col...
Inflation was out of control and the president decided to freeze everything in some kind of desperate attempt to control it. They took away everyone's money.
People who say they don't need cryptocurrencies are way too comfortable with their banks and governments holding all the power. I don't really care how much energy it uses, I still want it to continue existing just in case my government starts getting funny ideas again.