zlacker

> The risk just feels too high for existing companies, and even most new startups. You're turning over a lot of control and trying to succeed anyway.

Which is also what leads to the parasocial relationships crypto enthusiasts wind up having with web 3 projects and their founders

The founders need economic incentives and the successful ones do that to great efficacy, and all the other participants have far more risk and fewer resources to make anything with the new protocol, so they dont

It requires incredible privilege to be able to launch something for free, and its equally laughable for web 3 communities to suggest that

So the market moves towards these big token sales and everything else is tolerated fallout