-Trust and self-awareness are key to having conversations around performance and compensation. DAO tools are about facilitating hard conversations and personal growth.
If the token distribution is easy to game, value extractors will find a way maximize the number of tokens they earnTokens spent on these entities have a negative benefit, as the project doesn't receive real users or growth in return
The pattern of boom and bust is easy to explain: the token prices appreciate when the game is growing and people are ever increasingly putting in money to buy assets and play.
The network nodes can verify the attached proofs several orders of magnitude faster and cheaper than verifying the computation itself, thus enabling complex computation at a pretty cheap cost, such as gaming dynamics.
And if nearly the entire audience who is playing the game is only there to make money, as soon as the earning possibilities go away so too does the audience, and then the game rapidly falls apart.
Defensibility in web2 comes from proprietary data network effects. Each application is a walled garden, and a bigger user base translates into more utility vs. competitors. The social network with most data, content, users, etc. is more valuable.