Alts, like internet startups in the Dotcom era, fall into three categories: 1. Genuinely new ideas from clueless people who will fail (because they don't unders

Alts, like internet startups in the Dotcom era, fall into three categories: 1. Genuinely new ideas from clueless people who will fail (because they don't understand that distributed systems are hard, Satoshi made it look easy) 2. Genuinely new ideas from good devs that will succeed (extremely rare, I consider that Bitcoin is the only chain that meets that requirement for me, though some others might in the future) 3. Blatent schemes to try and grab money because there is huge interest. It's really hard to tell what category something is going to fall into... but the thing is, bitcoin has had massive returns and if you can produce a really good innovation, the impact on society and consequently the returns could be equally massive. So yes there is a lot of speculative money out there, but the only way to tell the good from the crap is to do your due diligence. For me, even if the good is %1 (and I think it's a bit less than that right now) it's ok.