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?
Yeah, you have just described the reason of the crisis that we can face. People do not want to buy tokens of these projects and they die pretty fast.
That abuse is actually what has been digging so deep in this space right now and it is just quite unfortunate there is nothing anyone can do about it and we just have to realize the fact that in most cases as it is, this space is not regulated, so it leaves a huge gap and gives everyone the chance to do whatever they feel like.
It is now left for you as an investor to at least know what you should be getting into and not get yourself carried away with some projects that you pretty much know that they are not offering much than at the end of the day getting them-selves richer.