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.
No. The truth is fiat has gone to shit (US Dollar.)
The crypto-world is a side effect of decades of monetary abuse suffered over generations and generations of people. The money men have always abused their positions of power. If we had a sound money system none of this would be happening.
Yes scams are everywhere in the crypto-space, but it will all shake out eventually.
When you force whole societies to live off the crumbs that fall of the wealthy's plates, you create a situation where something else is going to come along and take it's place. That's the spot we are in right now. Everyone with any kind of talent is trying to cash in on this new paradigm shift. Even the crooks. It's expects after hundreds of years of suppression.
The SEC says, we'll protect you from all those scams..... yeah, right. They are preventing the flock from straying from the dollar by hammering down on cryptos. Just like the millions of laws you are subject to, most of which are there to prevent you from seeing the cage they've created for us with fractional fiat reserve currencies, and hurting other people (their investments.)
It's taken hundreds of years of abuse and the advent of the Internet to begin the change, however, the entrenched money powers may start a nuclear war to prevent cryptos from obtaining their rightful position in the world. Even if that never happens the road from here to 10 years from now will be very bumpy indeed.