To me this is like complaining about webvan in the 90s and missing the forest through the trees. DAOs, and AMMs are interesting - there's a lot of potential in

To me this is like complaining about webvan in the 90s and missing the forest through the trees. DAOs, and AMMs are interesting - there's a lot of potential in leveraging DeFi to make systems that can work in ways better than existing legacy tech, it's just hard and people don't have it already figured out to the point where looking at it makes it obvious. General public state is a new thing and how it can be used is being figured out (oracles, programmable money, etc.). When something is new it looks more 'pointless' and toy-like. It takes a while for its value to become truly obvious to everyone (and it requires some people to see that value early).