I would be careful generalizing about “the values of young people.” You’re talking about a huge range of ages, cultural environments, socioeconomic backgrounds, etc. And very often young people change their perspectives once they become older, so what seemed like a cohort effect was actually an age effect.

The ideology is significant. Cryptocurrencies have definitely found traction in certain communities. But it’s dangerous to extrapolate too quickly from there.

In any event, my post didn’t take a side on the critiques. What you see as “co-opting” the blockchain by enterprises, governments, and investment professionals, I see as distinct branches of activity. You can argue those branches are misguided, corrupting the ideals of the original cryptocurrency promoters, etc. The point is they are real, and unlikely to go away.