Re: correct on lower incentive
If the founder opts into uncapped, they could be diluted by the irrational crowd. With no way to get their asset back.
Imagine you could only buy stocks. And never sell them. And dividends were split amongst an infinite # of future holders. If "the market" thought your territory was the next NVDA, then the founder would get destroyed. instead of rewarded for being early and correct.
Ok, I see your point. Maybe there's a way to weight shares by how long they've been held that would work for everyone.