Having tons of new coins is only confusing and unneeded situation, so far in crypto-world, we have a model of predatory capitalism where everyone can offer their own product.
While I like the free market and total lack of constraints at the same time I would like to see some kind of regulation put into place to protect investors/consumers.
With the amount of money invested into crypto grows I expect that sooner or later US Securities and Exchange Commission or similar regulatory authority will take a closer look at what is going on.
Your wish is coming:
Are Most Cryptocurrencies Doomed to Collapse — because they’re “ICO-issued”?