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A perfunctory search shows there are over 20,000* cryptocurrencies in 2022. Saying that 3,000 (15%) are interesting|transformative is a bit of a stretch, especi
by ly3xqhl8g9 4y ago
A perfunctory search shows there are over 20,000* cryptocurrencies in 2022. Saying that 3,000 (15%) are interesting|transformative is a bit of a stretch, especially given that over 19,990 of cryptocurrencies are in complete obscurity for the general public: if a coin is interesting|transformative in a forest with no one to hodl it, how interesting/transformative is it really? Sturgeon's law should probably be amended with "90% percent of Sturgeon's law examples are crud".
* "As of July 2022, there are 20,268 cryptocurrencies in existence. However, not all cryptocurrencies are active or valuable. Discounting many “dead” cryptos leaves only around 10,953 active cryptocurrencies." [1] — 15% of active cryptocurrencies in 2022 would be ~1,643, the point still stands.
[1] https://explodingtopics.com/blog/number-of-cryptocurrencies https://explodingtopics.com/blog/number-of-cryptocurrencies