As much as we don't want to admit it, ERC-20 has totally ruined the crypto world!
I say this because of plethora dumb @$$ ERC-20 D/Apps that are literally ruining the validity of much of the cryptocurrencies in the crypto-world.
As a developer myself, I read the [ANN]s and if lately, everytime I see ERC-20 based, I immediately stop reading it because I basically see ERC-20 as the same way HTML and JavaScript is today in the web developing world and that is "Any and Everybody can do it"
Also, for these exact same reasons, I am finding myself investing more and more in cash cryptos like BitCoin, Zcash, LiteCoin, DASH, Monero whom are either spinoffs of BitCoin, Scrypt or X11 and I am also finding myself investing more and more investing in ETH alternatives like EOS, NEO, QTUM, and ICON.
My reason for this is because all the $h!tty D/Apps coming from ERC-20 are killing ETH value. Yes, every now and there are some good DAPPs being built on ETH but it seems like to me for every 1 good DAPP built on ETH platform, there are 100 $h!tty ones.
With my knowledge in application development from both the frontend and backend, It is my belief that the big 5 cash cryptos "BitCoin, Zcash, LiteCoin, DASH, Monero" will continue to grow in coming years but ETH will go the same way of JavaScript/HTML and will become worthless.
I always explain the cash cryptos to people in the following manner: "Think of BitCoin like Federal Interstate and think of [Zcash, LiteCoin, DASH, Monero] like State Highways, and any spinoffs of them think of them like local roads in each state" they all get you to places you need to go.
Now as for EOS, NEO, QTUM and ICON, the reason why I am buying more and more of them is because at least for [NEO and ICON] is for regulation on ICOs because I believe that market needs to be regulated because no regulation on ICOs will eventually shake investors confidence and could easily be the downfall of cryptocurrencies.
EOS is an entire DAPP O/S, something that makes more since in the DAPP world because truth is ETH and ERC-20 Apps are not really DAPPs as they are still mainly Centralized.
QTUM finally got away from the ERC-20 nonsense and I look for them to be nice DAPP solution that can counter NEO and ICON in the rest of Asia and India.
Just my thoughts and would like to read your comments.
Does anyone else feel the same way?