# DePINs over-incentivized supply and under-optimized demand

- **Speaker:** Greg Osuri
- **Attribution:** attributed
- **Said:** 2023-12-18
- **Theme:** Crypto & DePIN — https://www.gregosuri.com/predictions/crypto-depin/
- **Source:** Akash: Crypto's AI Supercloud W/Greg Osuri ($1 To $1 Million Podcast)
- **Watch at:** 00:15:56 — https://www.youtube.com/watch?v=cvMDcUSh1Zg&t=956s
- **Canonical:** https://www.gregosuri.com/predictions/crypto-depin/2023-12-18-depins-over-incentivized-supply-and-under-optimize-pcsa/
- **Cite as:** Greg Osuri, "DePINs over-incentivized supply and under-optimized demand," Akash: Crypto's AI Supercloud W/Greg Osuri ($1 To $1 Million Podcast), 18 Dec 2023, 00:15:56. https://www.youtube.com/watch?v=cvMDcUSh1Zg&t=956s

## Quote — verbatim

> 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.

## Context — site annotation, not spoken

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.