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If your "developers" need multi-million dollar Ponzi schemes to be incentivized to develop apps that have found exactly zero commercial applications, you just might be a Silicon Valley thought leader.
Hodlers are the opposite of free riders. It was ONLY hodlers buying & hodling Bitcoin that financed the growth of the network, mining security & created a liquid market on which parasites like this have launched thousands of scams with premines, ICOs & zero products or innovation
If it wasn't for hodlers Bitcoin would still be a worthless game token exchanged for fun between geeks, and all the shitcoins & ICO scams that have made Naval m(b?)illions would have never existed.
He is disparaging the ONLY proven usecase of "crypto" to pump his vaporware scams
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