Dumb question: is an ISA really proprietary? Like I can't make an ARM emulator without violating some IP law? Or just an ARM physical chip?
Similarly, MS offers free VMs to developers for Windows so that you can build and test against Windows without cost.
Intel has publicly asserted that their patents apply to emulation, but is hasn't hit the courts AFAIK.
https://arstechnica.com/information-technology/2017/06/intel...
Fpga implementations start at $5.
Individuals “waste” both of those amounts of money all the time.