Earlier quoted context omitted.
Lofty ideas, supported only by hope. They're a startup. That's what startups do. If you think they're wasting their time you're really on the wrong website right now.
Most startups fail. Declaring any one a waste of effort is statistically justified. Alternative reason to read HN: a sadistic desire to watch people fail, and say that I told you so.
I too am mostly here in a more spectating mode when it comes to all the VC startup brained ideas, but its not primarily people that fail, its an entire system of thought, and the money that gets poured into it; its staunch belief in technological determinism combined with highly sophisticated investment schemes and plenty of capital.
I am not going to the race to see the cars maybe crash, its enough to see the cars go round and round in circles.