the profit motive creeping in changes the dynamic completely. btw i think this seems to happen with everything, i don’t think it’s limited to just technology—it happens with anything that transforms from fun hobby. this always seems to sap the energy from many of the most passionate.
I love those because it's 2 days of challenging yourself to actually finish your project and do something crazy if you like. These constraints make it fun.
Our regular meetings are a good mix of hobbiests, professionals and the very occasional idea guy to allow great discussions and feelings of community.
Obviously there is no corporate sponsor and no prices besides the appreciation of your fellow hackers.
I also participated in "local government" sponsored Hackathon and while those are nice to meet people and encourage the bueocracy to embrace the modern world it's almost always about some social goal like accessibility, open data etc. These are important and interesting topics but the projects are never that "fun".
Back then it was 90% fun and maybe a few random guys were trying to figure out how to start some sort of tech business. It was mostly hobbyists just screwing around. That sense of play and screwing around is what made it so magical.
The last time I felt that kind of magic was when I attended an event called BIOcurious (Note the 'O' in previous word) where they showed complete novices how to use a minION device to sequence DNA with pipettes and reagents. It's the kind of thing that you need to be physically present for. The tech is not easy, but crazy powerful. With biotech gear getting cheap enough to be prosumer, maybe there will be that kind of extreme hobbyist thing forming around biotech? In a similar way, in the 80s computers went from things only big companies could afford to prosumer and even consumer devices and so all these people were getting involved just to see what they could do with these new magical devices.