This dude isn't the authority on who gets to be a hacker and who isnt. I work with some bootcamp grads who have "earned" their skills every bit as much as the "real" hackers this dude's yammering about. This clubhouse bullshit needs to die. If that's what's getting killed I'm all for it.
Edit:
Some of the rest is gibberish, I guess most of it is, I know fantastic hackers who have no idea about algorithms. Hackers are into niches and learn what they must for their niche point of interest.
As for where startups come from, and what have you, why should it matter if it provides quality to the world?
Flagged for wasting HN's time.