Back when I was in school, Matrix was popular, and the term "hacker" had very different connotations.
People would call themselves "cyberpunk", "1337", they would install linux because it was a status symbol in that culture and it was trendy to hate on microsoft. Overall, the "haxx0rz"/skiddies/whatever were just as insufferable as today's "genius 10x entrepreneur 23-year-old CTO"-s.
In the end, it was a net benefit. The more talented of them actually became software engineers, IT or security specialists. Maybe a similar thing will happen with the current generation.