Quote from: BitCoLovey on October 29, 2019, 10:23:23 AM

I risk creating a duplicate question. But I'll try.

A huge number of crypto assets are discussed here. In the neighboring sections, new projects appear every day. But these are all false, far-fetched and almost always unsuccessful undertakings. New projects absorb the incoming money flow, which does not benefit the industry, but enriches individuals.
All this created for some cunning rogue?

Yes, some projects look interesting and potentially. I like the idea of global currencies for various use and applications. W/o traditional money. W/o state control.
Is it not better to leave the opportunity to develop what is, than to continue to spray funds on scoundrels?

I do not know how this works and is managed. If all this is basically without control, then the future of the cryptocurrency world looks vague. However, this is interesting, because in addition to the expected collapse, there may be unexpected surprises.

Most of these new altcoins are so unnecessary that it is ridiculous. I have seen ICOs that no one would have bothered to even talk about, much less create, if the crypto wasn't so popular as a way of earning money from gullible investors these days. CoinMarketCap has almost 5k coins listed these days, which is twice as many as there were a year ago. You are perfectly correct, it is way to many, with unoriginal ideas, bad tech, and no use cases for most of them. However, I do believe that like 99% of them will fail in the next few years. The only question is will the new ones replace them? Will altcoins just keep popping up, pumping the number higher and higher, or if we can finally drop back to some normal number of good quality projects?