@hilgi
You're correct, and it's not necessarily a bad thing. We have two primary ways to fund radical innovation:
1. **Top-down, elite gatekeeper-driven system**: This approach is slow and wasteful.
2. **Crowd-sourced funding for bold ideas**: Let the wisdom of the crowd support garage inventors, visionary coders, and ambitious projects. Most will fail, but the successes inject billions into the ecosystem and accelerate breakthroughs that eventually go mainstream.
I saw this during the dot-com bubble. Billions poured in through high-risk internet investments. Many who profited from that era reinvested their gains into new ventures. We also "wasted" billions on dark fiber in the '90s—much of which still lies unused—but it laid critical infrastructure that fueled further innovation.
So embrace the degens. Their capital helps build the future.