The DePIN "incentivize supply first" thesis is false
Akash Network founder Greg Osuri - Building a Decentralized Computing Marketplace (Crypto Nuggets)
“The whole thesis of like you need to bootstrap supply before you can validate demand is proving to be false. In fact, I’m to blame too, because I wrote a paper in 2019 titled ‘Bootstrapping a free market by borrowing from the future.’” — 00:20:58
Context: Contrarian take on Helium/Filecoin/Hive Mapper-style incentive models; supplier CAC is only justified when lifetime value (cleared inventory, fees) exists.