> There is a huge market incentive to get in on a coin early, but if there are infinite crytpocurrencies then they all get devalued. I don't think that's true

> There is a huge market incentive to get in on a coin early, but if there are infinite crytpocurrencies then they all get devalued. I don't think that's true that an unlimited number of cryptocurrencies existing will devalue others. It might affect public perception (confusion and skepticism for some, thus those people don't participate at all) and affect the value a bit, but not significantly. Just like I could collect all my toenail clippings, give it a fancy name (like NailCoin), and try passing it off as currency won't even make a blip in any other currency anywhere, all these coins that fail to get any traction are not going to be able to affect the rest of cryptocurrencies.