I missed a lot of Hiveway controversy. The idea of governance of a project through a token may have merit. It's disappointing to have that idea associated with Mastodon scammers.
But all technologies go through a phase where returns from harvesting market hype exceed the costs for the burden of proof. It can be especially painful when the technology in question has qualitative attributes (Mastodon; user culture).
I still believe Mastodon & blockchain have complementary futures.