The numbers always have their say in the end.
Sure there are pump & dumps and crapcoins popping up like mushrooms after a rainshower but the reason we've been going in the wrong direction despite have features and use-ability performance galore is simple math.
You need to see mining as a market. Forget about the word "mining". It's a market where buyers compete for the supply, that's all. Having the protocol issue coin at $0 undermines the price of the mined half of that market.