They're doomed to failure by virtue of not being Bitcoin. We already had the zero to one moment, not when Bitcoin was first released by Satoshi, but when Bitcoin grew beyond state capture without the guiding hand of 'founders, stakeholders, and investors'.

That will never be replicated, mainly because we now live in a world where Bitcoin exists.

Every project begins, by definition, as not Bitcoin. The slow grind to failure is merely a symptom of that fact.