No one else can crowdfund a similar project for a long time after this public meltdown. Huh? App.net is similar in many dimensions and just got funded for way

No one else can crowdfund a similar project for a long time after this public meltdown. Huh? App.net is similar in many dimensions and just got funded for way more. Yes, people will be justifiably wary of a very-young team with very-lofty technical goals, without a demonstration of a better plan and code. But that's as it should be. They tested a longshot idea fairly efficiently; the market (of funders and adopters) has now learned a lessen at not much cost.