Yes. However, few businesses rely as much on the ignorance of their customer base as much as blockchain.

Basically, someone figured out the internet/tech MLM.

Some business relies on identifying opotubities tgat creat value, and then naturally converting some of that value into money for the creators. Other business like this, relies on identifying dumb money, extracting that to the creators and then running off before the explosion. It feels like there are honest blue eyed blockchain companies, but 95%+ seem to be the latter.