The point i was trying to make was that the disillusionment faced by technologists possibly stemmed from a naivety about how the economy works and how people respond to incentives. Speculators are a "feature/bug" of pretty much any financial system. Stocks, real-estate, fiat-currencies, potatoes - The price of everything is being distorted by speculators. Done right, they bring liquidity, financial stability, and wealth creation. Left to their own devices, they cause volatility, inequity and financial destruction. (Crypto is probably more on the latter side on some of those metrics atm). The People looking to build a good crypto solution has to be clear-eyed about how to handle them.

I also wonder if the author has partly himself to blame. From his post, it looks like he worked for the seedier players in the space (because the pay was better) and is angry at the whole space. Its like a developer who worked for Oracle on MySql swearing off the entire open-source community.

edit: >nobody cares about good tech'

True. That's a big part of why you need [token-holders], "Build it and they will come" is more of a hope than a strategy.