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Why dismiss conspiracy hypotheses out of hand?"Out of hand" is too harsh, but we should lean towards dismissing them unless/until the evidence is compelling.
Why? Well, simply put, because doing otherwise wastes too much time and attention. Conspiracy theories are almost always created by people who are not subject matter experts (at best they are self-taught, but usually this means they watched lots of dodgy YouTube videos), bypassing or ignoring all procedures that exist for a good reason, propelled more by a "I want to believe" rather than a skeptical point of view, and are far easier to create than actual science.
Doing a proper experiment based on clear assumptions is hard. Being skeptical, trying to rule out confounding variables, considering alternative explanations, all of that is hard.
Anyone can create a conspiracy theory, and it requires no skill other than being passionate and having a platform -- like YouTube -- to disseminate your fringe opinion. And because conspiracy theorists seldom follow the scientific method, they can always "ad-hoc patch up" whatever gap you find in their "theory", so it's an uphill battle. It requires no effort to make wild assertions, but it takes a lot of effort to convincingly disprove them.
So it makes sense to dismiss them as default. If one is true, it will gather compelling evidence with time regardless of the crackpot that is currently proposing the theory.