DePINs over-incentivized supply and under-optimized demand
Akash: Crypto's AI Supercloud W/Greg Osuri ($1 To $1 Million Podcast)
“Looking at the demand side of DePIN networks I came to a conclusion — maybe I was wrong and maybe a lot of these DePINs are wrong — because you’re over-incentivizing to a point you’re under-optimizing for demand.” — 00:15:56
Context: He wrote a 2019 paper on bootstrapping free markets with tokens, then reversed; cites Filecoin sub-0.5% utilization and Helium’s low utilization as cautionary examples.