Cryptonization Fail ?

[coinfinger]

Well, that's how we have seen it. A lot of projects that are being released these days are just so that they can use it in making money and after that , the project cease to function. There are some projects you will see on the market today and they will have a really good purpose, but at the end, those running the project will still abandon it to fail. Some of these projects are being run by people that have no experience/skills, they just saw that it's what is trending and they decide to jump on it.

It's the same thing with the real world, there are lots of good projects but it's not all of them are successful at the end. Some end up not being successful at the end, so that's the same thing you're seeing in the cryptocurrency space.

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[tambok]

In terms of coinmarketcap (CMC) we are aware that not everything listed there is legit, they are claiming that they are only checking those project who has a real volume and listed in 2-3 different exchanges, but we don't know what is happening behind the back as there's a lot of new projects that has only 1 exchange and very low volume but is listed there, there's a lot of shitcoins there too.

For ICO, we may say, yes it is a failed and not a good way to raised fund as it has been the instant way for scammers to have instant money, so this failed, as there's a lot of people who invested without proper research.

Overall, I don't think that Cryptonization failed, yes, there's a lot of projects failed, but that doesn't mean the crypto is failed, as those projects has no real use case and no development at all.

[Tylev]

I do not agree with your opinion. The kryptonization of our life is just beginning. Cryptocurrency is a completely new type of financial settlements. Of course, while there are a lot of difficulties and abuses. For the three years of the existence of ICO projects, it is still not worthwhile to negatively evaluate all these projects. Many of them are still successfully developing. So far, the dominance of tokens is negatively affected by the price dominance of bitcoin, which prevents them from developing normally in terms of price. To evaluate the tokens that have arisen in the course of the ICO, we need a lot more time.

[TheGreatPython]

My personal opinion is that most altcoins that are currently traded on exchanges are not needed at all and they will disappear over time. All these projects are completely meaningless and do not cost anything.

This is why I chose to stay with the top exchange because I really see that we have meaningless projects in the market and if you are not careful to be disciplined and stay with very well recognized projects alone, you may end up falling into some of these scam projects.

If we had regulations, I am sure that the 2000+ tokens that we have in the market would not have been possible because the regulators will really filter all the tokens and make sure that they exempt all the projects that looks like it’s a duplicate and also ensure that all the project team and developers are really verified before they can get to announce their project to the public or try to get money from the public just like they do in IPO which we may really find IPO projects free of scam.