Will Tokens Replace Equity?

Early versions of token distributions have led to unsustainable dynamics wherein speculators are rewarded instead of those who are adding consistent value to networks through actual usage.

By yielding a generational wealth creation opportunity that was a strange hybrid of a lottery jackpot and self-made fortune, crypto created an ideological hold on its early entrepreneurs and workers. It had all the euphoria of a gold rush and all the self esteem of high tech meritocracy.