I agree that is very annoying to see multiple clones launch everyday while not even attempting to be unique outside of a new name, sometimes a logo and a few parameters tweaked. I do think this will result in a harsh correction from exchanges, ultimately reducing the number of coins traded and possibly making it difficult for the next innovation coin to get listed. However, the market will drive all of that, so beyond some annoyance and watching the pumping and dumping, things should work themselves out. Many of these new alts will drop to essentially no value and surely get pulled from exchanges before too long.

Many of the newer clone coins are already getting less attention on their launch days. It'd be nice as a community if we could work on getting more people involved and have a good experience with cryptocoins rather than setting them up to get screwed by these pump and dump coins that are catching many people's attention right now.