Well, I was talking about high-yield investments and you are talking about crowdfunding. But that is my fault because the person I replied to was also talking about crowdfunding.

However, I don't think people are spending money they can't afford to lose on crowdfunding projects, either. They are spending money they can afford to lose.

That simply isn't true. Read this thread for many anecdotes about how desperate people are often the easiest marks for schemes involving ways to get unbelievable returns.