Right on brother. This has been my feeling for a while now. I'm more than happy to ride the train up, but people have seriously forgotten what the point of the technology is. We are currently investing crazy sums into already inferior technology. I think the current issues will improve soon enough, but it needs the selective "feeding frenzy" to get more investment as well as mature models taking over in the space.
On the plus side, it's providing a lot of new wealth to people that otherwise would never have had a chance to achieve it. It's also a big carrot to draw the masses into the space which is also needed to get them away from the government fiat models.
You might find my previous similar posts here, here, and here interesting for a read as well since they cover a very similar line of reasoning. Happy to get your input.