I understand your concern. Gone are the days were developers actually cared about quality instead of quantity. Back then, it was all about coming up with innovative developments that would make crypto useful for daily life. Now it's all about speculation and hype. We can blame the inception of NFTs, and "meme" coins for that. The vast majority of developers are only focused on making a quick buck. They make "copycat" projects that serve no purpose in real life. As long as they're able to lure investors in, nothing else matters. Retail investors also changed their perception of crypto. They buy whatever is trending on the market without doing prior research. It's all about getting rich quick these days. Who cares about centralization if you can stil make money "riding the hype"?
I sure hope that the legalization of crypto will put an end to this nonsense once and for all. With the number of "garbage coins" and scams reduced to a minimum, crypto can be taken seriously again. Will the industry get back to the good-old days? Only time will tell...
I like your explanation, Crypto today no longer has good quality as a future crypto project, it's all about how to earn more money to get rich quick and just take advantage of the hype that is only temporary.
The birth of NFTs and meme coins is getting out of control so that anyone can create their own meme coins under any name, but it has become a trend that has so far happened on all crypto networks.
Crypto is filled with junk coins, abandoned projects and many scams occur.
I also come from a past era where crypto projects were very serious and enthusiastic about building a crypto ecosystem with better innovation,
not just junk coins or copycat projects, It is really well-developed.
But whether or not the good old days for crypto will return, it's about widespread crypto adoption but not being matched by good quality.
People need to know what crypto really is, and this crypto ecosystem is no joke.