I’d stomach the holier than thou attitude more if we didn’t just experience the SoftBank WeWork era of “real” companies being just as fraudulent and pumped by hype as dogecoin.
Except that there are legitimate and non fraudulent "real" companies.
Consider percentages and probabilities rather than anecdotes.
dogecoin was invented as an intentionally inflationary currency as a joke on financial speculation; it was literally designed to stay worthless. THAT was the joke. The doge was a reflection of laughing at overly serious people. Dogecoin at its outset was a really fun and entertaining project and scene, because the entire thesis was about removing the get-rich part of crypto to just play around and experiment. It has, over time, warped into something else entirely.
Two things can be bad at the same time.
The startup bubble will be the next dotcom. Only the best, led by nietzschean Musk clones, will live.