What do the top 8 assets on CoinMarketCap have in common? It's not the technical design merits or use cases. It's compelling leadership that has cultivated tribes. In a space that focuses on specs and features, an under-considered factor hidden in plain sight is that blockchains — which are decentralized ecosystems — need to form strong and large tribes.

The point is *not* that the leadership or tribe of any one of these ecosystems seems compelling or of merit to you or I. It's that they do to a huge swath of other people. On the internet you don't need to please everyone. You just need to find a tribe.

Btw, this is also true of stocks. You can likely name the compelling leaders of the 10 most valued companies in the S&P, even if you don't subscribe to their tribes.