You should say the majority of App Coins will be Failed Coins. It works the same as new Apps in Apple App store. Majority never amount to much. Just like VC investing 80% or more will fail longterm. You need more clarification that some App Coins will be highly successful. Some investors have ability to spot successful coins. Its not easy but with diversification is very possible to gain outsized returns. Even with Steem price falling from $4 to $1.50 I am up over 800% my original investment. You can see I am still powering up now that platform has taken off! Don't be so quick to judge! Many successful App Coins are coming. Why? B/c its just easier to raise the Capital if you don't have the connections to Wallstreet. Most people don't! They have the ideas but not connected nor do the companies have enough money to IPO. ICO is the new way. Its only just starting! I look forward to your article about Steem App Coin.
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