Israel is a product of the British Empire and later the American Empire. Judging by the history of the past 100 years, Brits, Americans and Israelis aren't known for getting along well with others either.
It's a failure of human nature, power politics and colonialism, not of one particular culture.
> I've said this so many times: But what does it doooooo???
It does exactly what it set out to do in the first sentence of the original white paper.
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."[0]
It's a failure of human nature, power politics and colonialism, not of one particular culture.