Have we been deceived about the true purpose of the crypto space?
In recent years, we’ve witnessed an alarming rise of radical right-wing influence in crypto. Today, the space is overrun with scams—99% of projects are fraudulent, from ICOs and NFTs to meme coins—designed not for decentralization, but as a means to extract more fiat currency. This contradicts the original vision of Bitcoin and raises the question: Was this the plan all along?
It is not responsibility of Bitcoin to guide what altcoins do.
ICOs, IDOs, IEOs, NFTs, GameFi, manydifferentToEarn and more, they are from altcoins and we all know altcoins are weak, useless and very easily to be abandoned by their developers or die by bear market and new trends.
When bear market lasts for several months up to two years, many altcoin projects die, and when a new bull run comes with many new trends, developers will abandon those altcoin projects to create new trendy ones and continue their honeypot activities from naive altcoin investors.
Altcoins go to far but they don't stop, and Bitcoin can not stop them.
How many cryptocurrencies failed?Don't buy altcoins because they are top altcoinsBTC is BTC, and alts are alts. Some compare them, and it was done countless times, however, they serve different purposes, usually, not as genuine as the BTC's itself, but they still try in some cases (LTC, for example).