NO
Crypto is just getting started. The demise of crypto. Lol
Youre entitled to your opinion. Mine is that this is only the beginning
I agree that this is just the beginning. It is still an experiment, yet too many people think that it is the solution already. At best, crypto is competition to Visa and Western Union. It is currency when you can collect and pay in crypto without conversion. That day is a long way down the road.
I just don't understand the total lack of economic knowledge that I see around country coins. The concept of a decentralized currency helping a centralize society doesn't make the slightest bit of sense. With half the supply in speculators hands, not the government, nor the people will be able to control their own economy.
You have coins like Darkcoin which is trying to fix a real problem. You have Nxt and Nem and the like that are actually bringing in new things and are not just copies with a new marketing spin.
Even Devcoin and a few others have
something different that is unique to their coin.
Then you have the rest that may be trying to say they are going to become widely used, and will be the next big thing, or will actually go mainstream and be used by the general public. If someone has some they convince themselves that this will happen. They have a boatload. They pull out the calculator and see that million dollars jump off the calculator and into their bank account.
Then two weeks go by and they sell for a 75% loss. Then they do it all over again. Or they get hip to the pump and dump game and start to make a few bucks. Some of these scam/pump&dump coins even admit right from the start that they are for "speculation".
It is what it is. But the crypto world isn't going anywhere. It will all run its course. In the end I believe it will only be stronger because of it.
The sky is not falling. And don't hope that people stop making scamcoins. I wish I could make 100,000 of them right now. The more there are, the less relevant they become. Once there is 5000 coins they will all be nothing. The more there are the better because then they will fade into each other more and more.
A new coin will have to BE something to be even noticed. This is already starting to happen.