Because in the real world, distribution of capital has a little thing called "opportunity costs". A bunch of people are allocating large amounts of capital to

Because in the real world, distribution of capital has a little thing called "opportunity costs". A bunch of people are allocating large amounts of capital to shams when they could have been making productive use of it, this both gives rewards, social power, and encourages scammers/fraudsters, but also forgoes investment in otherwise productive activities that could benefit us all. In addition, there are very real concerns about government involvement, as well as the social consequences when mom/pop/sister/brother/anyone we care about loses their money to such... I could go on...