The basic trope is showing off how smart you are and what I like to call "intellectual edgelording." The latter is basically a fetish for contrarianism. The big flex is to take a very contrarian position -- according to what one imagines is the prevailing view -- and then defend it in the most creative way possible.
Intellectual edgelording gives us shit like neoreaction ("monarchy is good actually" -- what a contrarian flex!), timeless decision theory, and wild-ass shit like the Zizians, effective altruists thinking running a crypto scam is the best path to maximizing their utility, etc.
Whether an idea is contrarian or not is unrelated to whether it's a good idea or not. I think the fetish for contrarianism might have started with VCs playing public intellectual, since as a VC you make the big bucks when you make a contrarian bet that pays off. But I think this is an out-of-context misapplication of a lesson from investing to the sphere of scientific and philosophical truth. Believing a lot of shitty ideas in the hopes of finding gems is a good way to drive yourself bonkers. "So I believe in the flat Earth, vaccines cause autism, and loop quantum gravity, so I figure one big win this portfolio makes me a genius!"
Then there's the cults. I think this stuff is to Silicon Valley and tech what Scientology is to Hollywood and the film and music industries.