I'm all excited about this too, but does anybody even know these kids? Is anybody out there vouching for so much as their ability to program? 10k is a nice thing to risk at them, but 100k is pushing it in my opinion. 100k towards "a decentralized social network" sounds good, but 100k towards one particular decentralized social network sounds like trouble. At least it'll be open source so somebody else can take it and fix it if they screw up.

On the other hand, perhaps this money is useful for the market signal in itself, that this sort of thing is in demand.