I think all these tokens ruined the industry. Each blockchain with thousands of tokens to speculate on. Most aren't good for anything other than speculation.

Besides that, we have a bunch of blochchains, that aren't really being used outside of running a DEX and speculating on the thousands of tokens and coins available.

Now the narrative is starting to change about side chains and added layer projects. So all the people that bought into that narrative will probably lose as big chains start to work on fees and tps (transactions per second) as they should have from the start. Another issue with the two majors BTC and ETH. We should have never pushed that phase of development on sidechains IMHO.

The store of value crowd is losing that narrative. We need cryptocurrency that actually acts like currency, not some place for rich people to speculate on and store their wealth only to get richer.

I think a lot of old school people like myself are also disillusioned. We signed up for crypto anarchy and banking the unbanked. That narrative was stolen from us and replaced with Wall St rich folks and shit on the poor and disenfranchised. That is after all how this all started shortly after the market crash of 2008. Now we cater to the people that we were actually trying to stick it to!

I think Hive is different in the fact that it's actually being used for something besides speculation. The community creates the ecosystem. We have blogging, vlogging, gaming, DEX's, tokens to speculate on and others that work for games. On top of that, people use the platform every day. We might not be Facebook, but we're growing and we're loyal. For that reason, Hive will weather most storms very well in my opinion.

The bottom line is we need to start seeing real world use. We have that with Hive. Not to so much with other projects. We need to see mainstream adoption. We currently have thousands of coins and tokens and a sort of "circle jerk" of speculators that are the only people using them. Most of that use, boils down to speculation, trading, and transferring coins and tokens between exchanges and DEX's. I really can't think of one product that's doing anything in the real world outside of the ETF space, again we have more speculation. If my perspective on this is wrong, please correct me. Maybe I've overlooked something. I honestly cant think of one real world company currently using any of our crypto products.

I don't think altcoins are dead. I think people are just tired of seeing so many projects and no real world use-case.

We need to start seeing blockchains getting incorporated into social media sites like Facebook. Mainstream games on STEAM and other platforms using NFTS and tokens as in game currency. Mainstream retail outlets giving loyalty rewards. Remittances for cross border payments (probably the only other real use for coins like XRP, BTC, ETH, LTC and a few other majors).

Currently we're really not seeing any of this. Speculators speculating and more developers creating more shitcoins and tokens to speculate on. It's madness at this point and we need to break out of this cycle.

Thats just my opinion man. The technology isn't dead, but for whatever reason it's currently being stifled or ignored by the major players that we need to adopt it in order to grow. My humble opinion is that we're currently stuck and until we see mainstream adoption, we're not getting unstuck.

Maybe with the crypto clarity act or whatever it's called. Some of these corporate types will start to incorporate some of these blockchains into their platforms. I think for legal reasons a lot of companies are afraid to be the trendsetter for this industry. Until that changes, expect more of the same.

Sorry for the long winded reply. I'm just a little passionate about this subject.