First of all, I love your quote at the end. Never heard it before and I had to laugh out loud.
Second, why do we need so many different crypto currencies in the first place? According to Wikipedia there are over 1384! That is more currencies than we have countries in the world. And according to the article "A new cryptocurrency can be created any time". Imagine if there were a world bank that could create a new currency every week or so. People would lose faith in money.
Yeah, most of the cryptos will fail and this site will most likely be demonetized. It's been so long since the market has gone down (significantly) that people forgot that it could and have devastating it could be.