Scams everywhere now. Greedy ICOS that for some reason need 20 million dollars for a small project, Ridiculous. Greed everywhere, thousands of coins that serve no purpose. This is so far removed from satoshi's vision. Premine bullshit scams like onion. Projects that have no reason to be on a fucking blockchain except to cash in money on the hype. We need another fucking crash to clear out these shitcoins and scams, and you greedy mfer ICO devs are the cause of this bullshit.
You called it and it happened. We are having another crash, many ICOs are not getting their soft\hard cap, many coins are disappearing in oblivion. It could be healthy for crypto world, but it doesn't seem to be healthy right now, seeing also old-school projects are suffering just like other crap\scam coins. Unfortunately you were right: many projects existed just to make rich the founders so they deserved the crash, the problem is that victims are from masses that are losing faith in crypto. 'Store-of-value' narrative was one the strongest among BTC supporters, now it's just not valid anymore. Moreover high fees and scalability problems have shown BTC limits loud and clear. Add this to the fact 51% attack is a real menace for most low-hashrate mineable coins and maybe we are facing one of the worst times in crypto. I still don't get why hashrate is at ATH seeing that mining shouldn't be so profitable anymore.