Seems fairly equivalent to funding a new building at a university that is already mostly populated by rich kids, who by and large are doing things less useful to society than building a decentralized computing platform used around the world.
ah yes the two things you can do with lots of money -- giving it to a university and doing the thiel fellowship
Although I'm a pretty huge skeptic of the performance of the thiel fellowship (knowing some fellows personally and also knowing some of the showrunners), I don't think calling it a rich kid's club is fair, with the exception of Austin Russel.
I was calling universities a rich kid's club (esp. the ones that get the most gifts from the megarich). Trying to make the point that, while the Thiel Fellowship may not be objectively "good", it seems at least as good or better than the OC's suggestion that it is preferable for the megarich to fund things like universities.
Sorry, I misread.
Because building for the privileged is the only thing the filthy rich can do. That or funding a shitty decentralized platform.