@rch
most people in crypto are here to make money.
incentive is a short term tactic to get attention and retention until you have figured out a sustainable way to make money for your users.
iterating on a product is easy when you have bunch of people trying it consistently.
in some ways, it isn't that different from web2. we have had ecommerce price wars, ride hailing subsidies, ridiculous discounts in food ordering and more.
The problem is incentives make the PMF signal noisy.
Is your product actually working or is it because someone who holds your token wants it to goes up and it is fine as long as the product works just well enough to keep the narrative going.
It makes the truth hard to see.
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