Its OK to be apprehensive but I don't agree that new coins will all die and not survive. Also, I have no issues with a centralized project if its good. We need to be a little less over ambitious at present. The best way forward is to gain acceptance from governments and industries. Its happening, we can't say nations are ignoring it totally but its slow and ofcourse with some moderation. EU plans to devise some mechanism to regularize crypto for investor benefit and may be this is a good sign.

We can be rigid and lose it all or we can be a little relaxed and let it flourish first. The rules can be amended later as per requirement. (I don't expect a lot of people to agree with me but this is just an honest view for crypto's success)