This is absolutely true, but you shouldn't let the cults distract you from the valuable tools we now have to build software users control. Decentralized applications are the only way to keep users in control of their lives as software eats the world. Otherwise, the Facebooks and Ubers of the world will write the rules for how we interact as a society, and we will have to submit to their will or opt out of the value of large social and economic networks.
It's true. I'm inclined to vouch for this so any unfamiliar get a sense of the culture surrounding cryptocurrencies. There is a religiousness to digital currencies. They almost have to be this way, because their initial value depends on Ponzi-like marketing and proliferation is a very grass-roots effort.