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?
Indeed, there are now a number of projects that use Blockchain technology and create an ICO project to attract investment. That really does not make Blockchain technology even more powerful. We really need supporters of this technology to be able to empower them. Now Blockchain technology has become a capital calling tool and we can not let it go any further.