Crypto is not a technology, it's a religion. The reason behind this is that it takes faith to believe that today does not represent tomorrow.
There is more nuance behind crypto besides its technological innovation like AMM's ,ZK-proofs & distributed computing. It's the idea that you can be a self-soverign individual, owing fealty to no nation.
It's often brought along at the disillusionment of the current united states world order. We see rampant corruption, an absolutely ancient leadership completely out of touch with the current generation and an economy that seems to forever favor the rich. There is no light at the end of the tunnel in the current economic system for a large majority of the population.
Bitcoin promises(ed?) the ability to transact with anyone on the planet outside the vieew of the current regime. Bitcoin promised "Proof of work" over "Proof of violence". It has allowed us to create "ad-hoc governance" like neveer before. it gave an entire generation of people light at the end of the tunnel.
I am not saying that any of these things are correct, or 'Right'. Simply stating how i've seen the community evolve and why.
I don't agree with GP but there are legitimate reasons why people are sympathetic to this.
One reason would be the increased difficulty of a government to seize or freeze assets for people who are determined to be politically problematic (see: e-CNY and SWIFT).
Another would be the accelerating debasement of currencies which provides opportunity for the rich to become richer in wealth & assets, while wages for the working class are diminished by inflation.
What do you mean by "exchanging money in good faith"? So being able to prove transactions are valid is a bad thing in your opinion?
You think it is a good thing that the FED can make the whole economy tumble by playing with their interest rates?