Bitcoin Forum

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?

I also feel there is should be a body to evaluate the projects before they are adopt a platform. Since there are no governing bodies like SEC every startup comes with an idea and try to cash out when the market is hot.
I entered late in the crypto world and have not see any profits so far because of all these numerous apps around the crypto coin world that distract people as it show more momentum in the short run killing all the good ones.

@Sammy_Voc

I am no where near to be a financial advisor nor do I wish to be, because I love being an app developer but here's a hint, the ones I listed are the ones most ppl who know about blockchain technology are buying and "HODLing", the rest are being used a pump and dumps to build money to continue building the investment positions in what I stated earlier.

pretty much all the ERC-20 spin-offs are worthless.

Well , soon KMD will be a new solution
they wont let SCAMs to run on their platform ;)
they will have many features that ERC20 token does not have or other platforms

ERC was the pioneer and now the relatively newer platform surely would have better options. But with large number of alternatives, people would too want some consistency. So, I believe NEO would surpass most of them.

What is KMD, which company developed it?

They should definatelly do something against the flood of scammy ERC-20 Tokens. It's clear to say that things got out of hand. I also like NEO for supporting lesser ICOs but high quality ones.
Netherless I will still keep my ETH and I don't see ETH leaving the second place on coinmarketcap any time soon.

Personally i think Icon is a great addition to the Platform blockchain world . when ever i think about Icon i always think about samsung  and the how determined the koreans are . i feel anything the koreans touch they will make it it flourishes