I communicated poorly. It's not really that that I hate. It's that shitcoins get boosted up when bitcoin goes up and quality projects go down when bitcoin goes down. Bitcoin going up shouldn't make your worthless garbage product more valuable. It's completely unrelated. It should be completely unrelated anyway. I feel like peoples obsession with bitcoin is subsidizing garbage. They treat the entire sector like its one homogeneous blob and not tons of very different projects.
I believe this current situation is unsustainable. Eventually a handful, or perhaps one project will have gobbled up most of the good ideas as well as the misplaced wealth currently in all the other ideas.
IMHO, the salient question is whether Monero survives or gets gobbled up... and if it's the second path? When?