Most alt-coins created these days are designed as pure pyramid schemes (coin burned to artificially reduce the supply, n% of every transaction is spread among e

Most alt-coins created these days are designed as pure pyramid schemes (coin burned to artificially reduce the supply, n% of every transaction is spread among existing wallets etc...). Blatant scams like SafeMoon have hundreds of thousand of "holders". Beyond that one of the most successful cryptocurrencies over the past few months was DogeCoin, which has absolutely no value proposition besides using a meme dog as a mascot. This shows pretty clearly that behind all the posturing and deflecting we've seen over the past decade, the crypto world is really embracing its profound pyramid scheme nature. Any supposed "tech" is only valuable if it can be used to pump the price. Projects like Monero or Ethereum that actually attempted to improve the tech fare no better than LiteCoin clone #25156. Projects like Iota and Nano who once aimed to revolutionize cryptocurrencies have faded into irrelevancy and are now largely ignored. At this point there's usually somebody who replies "but I actually use Bitcoin for grocery shopping, it works" and I'm sure that you do, but you have to be aware that you're part of a vanishingly small minority.