I think its time to ban new altcoins from coming in, there should be a limit on how many altcoins there should be per year
so that people can actually profit from investing in altcoin.
This is not a good idea because many companies are affected in this plan. So we should allowed only 50 coin in per year other altcoins are launching in next year. This kind of plan is better to your plan. First we create chart for this year launching altcoin. Then we should allocate one to fifty altcoins but i don't know how this is possible in current scenario. Because many MNC companies are launching the new altcoins so we don't stop or control. I think only one option is possible we don't invest in shit coin.
I don't think this idea gonna happen and will work well if implemented. We all know that crypto currencies are decentralized and there are no country or any government to control over it. And banning the crypto currencies is not a good idea because the competition of every crypto will be low, developments will be stagnant or no developments at all coz there's no one or few one's to compete with. The huge growth of crypto currency creation is a good thing for those who have REAL and LEGIT projects to work well and keep on updating their project for the benefit of everyone. At the end this is still a big issue and need a lot of time to study and make some policies and rules and regulations for the crypto currency world.