Are Altcoins Just Another Form of Crowdfunding?

As a cryptocurrency investor, I've recently noticed a huge influx of ICOs being launched. I'm thrilled by the interest coming in from the public sector. Yet, I've noticed a shift from coins being used in innovative ways; to teams creating coins to raise capital for their projects. I feel this is turning coins into more of a crowdfunding type platform somewhat similar to stocks, yet without a dividend payout. I'm all for this and willing to invest in business models that I feel would be profitable. Still, I feel like most of these companies don't fully understand the potential of blockchains and smart contracts and how we could be utilizing them to propel society into the future.

I'm curious how do you feel about this matter? Are you all for cluttering up the marketplace with coins used to raise funds for businesses and companies? Or do you feel we should focus on a select few coins and find innovative ways to integrate them into society? Let me know!

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