Comment by EncomLab
You are exactly correct - the combination of deep belief in the ability to obtain quick riches by investing in the "next big thing" aligned with a large gap of knowledge between reality and hype, all mixed into a milieu of in-group speak and customs always leads to the proliferation of the con. It's the next "Long Blockchain Corp!"
It's also how proliferation of advances happen. Nothing advances unless someone tries it, and trying it costs money.