As these events occur again and again we get to reflect on code developers and their skills.  Should they even be allow to release these coins?

Even though most of the coin source code is found in github, do people really go through them?  They are usually provided with no clear explanation as to what is going on within the code.  Much of the system is copied (forked) from previous projects and re-used.  It takes quite some time and effort to figure out what is going on.

I see many people signing up for bounty programs for new coin announcements even though much of the business and/or technical details are missing.  The only thing the announcements seem to boast are the bounty programs.  These coins still raise millions of USD. 

By looking at some meetups activities, it looks like the waves of new coins will continue if not pick up more speed.  With such a madness to release coins so quickly, the coding errors are inevitable.  But prior to talking about code bugs, the requirement errors should be first identified.  I wonder if all these rapid releases even understand their own requirement.