I never read his book.

It's really sad what happened to the EOSIO chains. The tech was really cool and when Telos launched it's EVM it was insanely fast and cheap. All the chains have been fresh bloody meat for the market.

It is really tough to come up with the proper equation that provides the right incentives to build on it but not to over inflate it but to not choke it off from growth.

I feel like one of the biggest issues is that if there was a large capital raise so many people expect that money to be distributed through the community and that they would have a big enough war chest to keep the price from getting crushed.

I get why people feel that way. When it isn't allocated everyone is really pissed.

With something like DOGE people organically took it upon themselves to do something with it and market it because they knew there wasn't some huge foundation money.

Also another thing I think happens is some of these chains expect people to come just build on their chain when there is no funding for them to do so and then it is like if they are going to build on something they aren't going to get paid for by the chain it better be one of the main chains where everyone is or a person would need to have significant control of the supply.

Now there is an oversaturation of chains to build on essentially and it has been hard for anyone to build an app that transcends crypto. Gaming is the obvious thing but no one gets enough funding behind them to build and insane high end game that everyone would just play regardless. Counter Strike or GTA V level game.