[JVIDEL]

Naming the best possible cases is not a good defense, I could cite how much money bankers made with CDOs and yet that didn't stop the economy from collapsing.

All those cases could have been just as successful in any other platform, or even raising the money by themselves, because they have a huge fan base.

What I'm talking about is the other 99% of projects at kickstarters, the ones that weren't created by star-devs with decades of experience in the industry. Of this 99% the majority is made by anything from people without enough experience to complete idiots who only know how to make a good presentation. These projects will get the money and deliver nothing, the backers wont get their money back, further undermining the crowdfunding model.

Eventually one of the "big ones" will underdeliver too (like diaspora) and after that NOBODY will trust this system.