At the end of it all no play to earn games can gives player the satisfying reward they deserve, there is no unlimited reward in play to earn games, the only thing that matters is how fun the game can get, people needs to feel like ' well I am ok with the fun more than the payout' its not how much people are going to be earning its how much fun people will have. The game needs to be addicting enough. Am I wrong?
Except for the part about the games being addicting I do not think you are wrong on what you are saying, games are supposed to be fun and if they are not then they are not accomplishing their main mission, this idea of earning money by playing a game is nothing really new as we have seen this in the world of sports for a very long time, but when the sole purpose of the game is to generate profits and nothing else, while sacrificing the fun aspect which is supposed to be present in every single game, then we can say that such a game is destined for failure and its collapse is inevitable.