Well it was a scam. The ultimate scam. Literally, they only supported scams and suppressed projects with real potential. I say that as someone who worked in the space and saw it turn into a scam... Started back in 2017.
Ah yes I exaggerated there. The global debt-fueled fiat monetary ponzi is the ultimate scam, crypto just plays a supporting role in giving people false hope that you can fix corruption with corruption.
So who is this specter that somehow and for some reason killed off all useful projects and made sure there was no way to even exploit it for unscrupulous profit?