I have been just in the crypto world for 5 months. I have tried to learn about blockchain, bitcoin, altcoins,... and I realize that blockchain is being abused.
Many projects are launched with the ideas of using blockchain. But actually, blockchain is not necessary to implement their projects. It just seems to follow the trend of tokenization. And their tokens are utility tokens, real "utility", which are utilized to raise their funds. There is no reality application of blockchain. I think everything will be good if it is enough. Will blockchain become worst if they continuely abuse it?
What do you think about this problem?
This is nothing new in cryptocurrency. Every day, I see hundreds of ICOs with useless projects where blockchain is used. They just change names and mingle with truly legitimate projects to raise funds from investors then they go without developing projects that they launched. But we cannot stop the abuse because using a blockchain is a legitimate reason for them.