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.
In fact, startups are still happening everyday and many people still use their capital to invest to create cash flow. But what matters is the way they choose projects. You can decide whether or not to invest in a project, no one forces you.
I find that having more startups will be more interesting and beneficial to the market because it always creates value for society. But certainly not every startup is successful and our job is selective.
so we need to have a flexible and alert brain to analyze before investing in bad projects.