Hype like anything has cycles. Foundations don't have cycles, they are always there to be built on. Build a strong foundation and it will be built on. The more you build and market what you build the more people come. It always starts at the ground floor.
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And well, many are too impatient to start on ground zero, I know we've learnt our mistakes with #steem but it doesn't make it anymore easier. No one is responsible for calling the shots because it's a decentralised setting and consensus is mostly needed. This makes it an even slower process but then the fact that it's slow doesn't stop it. It's basically inevitable. Thanks for taking the time to write this. It's a morale booster honestly