The irony is that Kickstarter's design ensures you won't lose any money backing a loser. In theory, backing a loser should be a risk-free proposition, but folks clearly don't see it that way.
I think part of the problem is that deciding to be a backer has a mental cost (decisions are painful). If a project has a very low chance of success, perhaps the cost of the process of decision making outweighs the small chance of a potential gain.
If you define a loser as a kickstarter that doesn't reach 100% funding, you're right
The OP you're responding to though defined a loser as someone who has unattainable goals in the eyes of the people. In which case you can certainly lose your money.
