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RE: It's starting to feel like the good old days again!
Agreed. We need someone to build something that they believe in and think big picture about, think about the billions it could generate down the road instead of trying to make a couple thousand right of the bat.
Essentially what I think is going to happen is that we're going to have to wait for a lot of sub-par products to come out first. These projects will kick and scrape for every last user they can find. Then there will be a critical mass moment when someone realizes they can undercut those projects and give those users a way better deal. There will be a migration from the sub-par projects to the superior ones that don't leech off the product.
I imagine it will be a lot like what happened when the video game industry realized that free-to-play games are ironically a lot more profitable than forcing people to pay.