Why this bubble is not going to end well : 15000+ useless coins and tokens owned 100% by their founders during their launch, completely centralized, mostly depending on a couple of networks actually drown the few real crypto in a sea of scams.

First of all I wish to declare one thing : I love the original cryptocurrency idea and I think that it is really the most revolutionary discovery of the last many years, after the internet.

It is superb : Decentralized transaction networks with fixed rules, where everyone can take part (mining procedure) & where no central authority takes any decisions.

With immutable certain parameters like maximum supply. No need for third "trusted" parties like Banks that set crazy fees, close accounts, ask for requirements, print arbitrarily fiat money etc

All the above could potentially lead to a strong hit to the rotted economic system and achieve a wide re-distribution of wealth as people who own just a basic computational power could enjoy freedom and on the same time build wealth, hedging even against inflation.

But how many cryptocurrencies today really serve and honor this original crypto idea anymore?

How can we consider real & Decentralized "crypto" a Project where the founders decided to allocate 100% of the supply into their addresses and sell it to people with heavy marketing and Initial Coin Offerings ? Then jumping to the next project advertising a future "use case" in order convince even more idiots to buy the next 100% pre-mined/pre-owned by founders "asset". and so on...? Making money out of thin air...fantastic concept isn't it ?

How can we consider as true Decentralized "crypto", Projects that act as shit-token factories, targeting to gather more useless assets on one chain, making them dependent on the same network with crazy fees ?

Even worse, how can we consider as "crypto" the countless *DeFi* tokens that are made now just for gambling ? Why people cannot understand that buying things like ElonBalls, DogeUncle, Shiba, ShibaSister , Floki etc is meaningless ? Their founders control every single coin in the supply and manipulate the market of these useless tokens.

When are we going to realize that this situation is pathogenic ?

OR there are still people out there who believe that we can have more and more tokens made out of thin air forever.... ? Hyper-inflation instead of hedge against it ? Seriously ?

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As a supporter of the original cryptocurrency idea I see one thing:

Company-driven projects and rich people who felt that they miss the ground under their feet because of the original crypto idea, try hard to drown the real cryptos into a sea of sh#t.

They have made it to abuse the blockchain technology with their companies, taking control of everything again, disgracing the original concept and convincing everyone that crypto = scams and crypto = just gambling with stupid tokens in the best scenario !

How many crypto newcomers know today what is mining? What is zero premine ? What is Decentralization? What is freedom in transactions without a trusted party? What is a mining pool? Immutable supply ? Private keys ?

Most people know only the words tokens, lock, swap, withdrawal. Maybe they also know the word "rugpull" or they learn it... in the hard way.

We ended up with an insanely vast majority of "assets" that are called "crypto" but in reality are not real cryptos since they don't honor any of the fundamentals that a Bitcoin-like crypto was supposed to do.

With only few (undervalued) exceptions like Monero, Digibyte, Litecoin, BitcoinZ, RTM & maybe a couple more, the landscape is full with Company-Driven / Centralized Projects and even more thousands of useless scam tokens.

& this is definitely not going to end well, because on the day when this bubble bursts, most people around the world will be totally convinced that the original crypto idea was a scam.

I am the only one who feels this way ?

That this is a well-arranged plan by the system's big guys that realized "we cannot kill the original crypto idea and its community driven independent networks....so let's better make some money from it....cheapen it, vulgarize it and in the end convince everyone that it was a scam" ...mission accomplished!

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I know that this will be considered as a bad post by the most of you (maybe I will find it even deleted because the most Reddit channels are controlled by admins who are "funded" by token founders) but all these are based on arguments that every logical person can easily understand.

You are free to comment with arguments. However it is immature downvoting just because you feel bad for this post and the tokens with which you decided to gamble...

We have to educate ourselves and the people around us what the cryptocurrency revolution was truly about.

We have to support the few really Community driven projects that had no founder owning the Lion's share in the supply of the Project (they are less than 0.01% of all the crypto around....have you wondered why? ).

Do your own research, away from noise and paid advertisements about crypto.

Only this way you can be sure that your choices are not part of a game that was already set by the Elites around the World.

Stop playing their game, take your destiny in your hands.

Thank you and sorry for the long post.

"If you can’t beat them, join them"

Quentin Reynolds

"If you can't convince them, confuse them."

Harry S Truman