Investor JD Dormen questioned the value proposition of major blockchain protocols like Ethereum and Solana, arguing they lack a mechanism to capture economic value generated on their networks. In a public statement, Dormen used an analogy comparing blockchain platforms to islands: if a currency exists for use on the island but businesses operating there aren't taxed, the currency's value becomes questionable. The critique highlights what some observers see as a fundamental gap in current protocol design — the absence of revenue-sharing or fee-capture mechanisms that would directly tie network usage growth to token value appreciation.