Cardano is about the only project that is genuine!
LOL, what does Cardano have except a whitepaper? Only ETH is genuine but unfortunately it's centralized.
Here's a kind of life circle of a project: Colorful whitepaper + roadmap --> ICO --> listing --> good news, partnership --> test net --> mainnet --> abandoned.
Is it just me or is this deliberate spreading of fear in an attempt to generate sales for one particular coin? Why else would a guy make such an aggressive claim against everything else out on the market?
I find it hard to believe that
every ICO is a scam but somehow there is a multiplicity of coins that have been going strong for years now. What did they do if they still have the money of their initial investors?
But we are facing some rough waves and there will be some pretty hard tests of confidence going on. It will shake the market a bit and some people will lose their marbles, but such is the case with markets like this.