Actually I don't care about the original vision. A lot of it was pretty dumb, and quite possibly designed in large part to extract the maximum value for the founders regardless of longer term project success (which they did in some ways).

From first principles I know that a system like this needs either effective downvotes or some suitable substitute to avoid a race to the bottom where the most exploitative take progressively more of the rewards and any other investors flee because there is no value to watching yourself be exploited, nor are there good prospects for appreciation in such a system.