I think it's a little unfair, now that things are going badly, try to blame the alts for that, remember that last year btc and many alts reached their all-time high thanks to the popularity of the ICOs, which precisely created this waste of alts now.
Forcing Alts to prove
actual value isn't a BAD thing for people in "crypto"
Alt value = ?!?!?!
BTC Value = funded every alt
Which are people supposed to
value long term.
Which are people supposed to
"wait and see" what
everyone agrees the true value is, after the current "hype" dies.
Never over value an alt, it just wastes precious bitcoin.