Many people waste precious bitcoin trying to earn even more bitcoin on low-value crypto that nobody values.
I agree with you, the market is flooded daily with millions of shit Altcoins that have no purpose except making rich developers & platforms. Especially when we talk about stable coins built on false promises.
I disagree with you in describing that all Altcoins are worthless, there are a few coins "number counting using fingers" can be considered good because it is impossible to get a perfect system 100%.