Part 3: From Degenerative to Regenerative
The Principles Are Sound After dissecting the broken models of the DePIN space, it would be easy to become cynical and dismiss the entire concept as a failed experiment. But that would be a mistake. The foundational principles of DePIN—of community-owned infrastructure, aligned incentives, and open access—are more powerful and necessary than ever. The failure is not in the vision; it is in the execution. The degenerative patterns I’ve observed are not inevitable. They are choices. They are the choices that lead down a path of techno-feudalism, where technology is used to centralise power, enforce scarcity, and ultimately render communities into surplus populations. It is time to choose a different path.
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