Yes if you read the fine print you can tell what your chances of social mobility are from a lottery ticket. It's fine if the wealthy elite take the 1000x returns from successful startups.

We wouldn't want the poor hurting themselves.

Coins represent a better approach, one not walled off to the general public. Coins can represent concepts or goals that live beyond a centralized organization providing documentation. Of course there is vested interest in regulation. Accredited investors love the walled gardens.