I guess the reason why nobody before had pointed to skin in the game as THE main factor for any cryptocurrency with limited supply to raise in value and keep it is that the crypto world is made most by nerds who see the world according to their nerdcentric view - ie they look at algos, numbers, math, equations but they totally miss stuff like psychology, sociology, game theory etc., which are probably more effective in causing consequences in the real world.
On a side note I must point out how neither this OP post, nor the original post by Peter about Metcalfe's law seem to have raised much attention in this forum - in 2 weeks this OP has so far reached just 66 views or so - and both this OP and Peter's post basically have not been even merited or so, which is raising a few questions also on the mechanisms and values of this very forum. If such sort of milestone posts don't deserve any reads and merits, and people are not interested in "ivory tower" discussions, then what are we talking about exactly here?