I think the only real scam coins out there are the lending coins that promise a guaranteed return each day. There are however many bad investments because out of the 1559 cryptos listed on coinmarketcap how many actually have a valid use case, potential network effect, are true utility coins & have the potential to attain supper dominance ? There is currently a disruption opportunity for new alt-coins because the issues relating to speed, scalability and transaction cost have not been satisfactorily resolved. However once these issues are resolved I believe niche coins targeting such areas as store of value. security, and smart contracts will prosper and coexist in a slimmed down ecosystem. For this reason I cannot subscribe to the bitcoin maximilist position which tacitly assumes that innovation stopped with BTC and that a better system, that would supersede it can never be invented.
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