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?
Yes, I agree with you that blockchain is being abused. I think when this market will control the regulators, such projects will be much less or perhaps they will disappear altogether.
there is no such thing as market controlling regulator it's the opposite. regulator could control the market and at the same time also abusing.
it is like a double edged sword, if the regulator seem to hate blockchain they might aswell naking everything difficult.