Actually i am loving this dump. This is the BEST case scenario. Ripple is the pin that slaughters the alts. A few alt projects will survive. ANY of them that look even a little like a security are gonna get killed.
Bitcoin basically holds. Dominance goes wild.
Edit.. Wow.. the more I look at this the more beautiful it is.
Ripple another coin not backed by mining gear. Did well right?
true, but grin (backed by mining) did nothing positive so far-one of the shittiest of the shitcoins as far as ROI is concerned.
Grin chose an issuance model that guaranteed it would be worthless. At least at first. Grin is at least innovative (I own zero of it). Grin's resource usage advantage is still interesting to me. But it is really not the BEST at anything.
The ONLY projects that will truly flourish will be the VERY FEW that are good at something bitcoin does not do, or cannot do for a long time. And they have to be correctly built too... constant inflation? Interesting. Constant parabolic asymptotic inflation? Also interesting, and also weird.