[Mirioron]

There's some truth to the comment. You can't have people become so complacent that they just trust people on their word. You need somebody to actually verify that what they're doing could actually work.

Take Theranos for example. That whole thing is a huge case is scientific illiteracy. What they were suggesting was essentially impossible to achieve, yet people invested in it anyway. Nobody demanded to even see it working properly as a prototype. There are enormous kickstarter campaigns for things like "self-filling water bottles" or "solar roadways" and people fall for them.

[lotsofpulp]

> Nobody demanded to even see it working properly as a prototype.

Quite a few people did and recognized the fraud that it was long before it was public. But there were quite a few vested interests in making sure the price the equity would sell at was more than what they purchased at.