[omarchowdhury]

Technical innovation is not the only type of innovation happening in the crypto space. There are tokens being developed whose innovations are financial, social, political, and economic. Don't assume technical innovation is the end all be all, Ethereum's technical innovation allows for the other types of innovation to occur, for example.

To strengthen my argument, you wouldn't expect every startup on the Internet to develop their own Apache server, HTTP protocol, and all the other technical innovations that allow for their business to exist, would you?

[AgentME]

I don't exactly disagree; I think there are some ICOs that are promising. (And I'm happy that many are being built on top of a pre-existing blockchain like Ethereum's rather than pretending they're secure without a large group of miners securing their blockchain.)

Maybe I should drop the word "technical": There are many projects out there with no real innovation whatsoever that were created only to facilitate pump-and-dumps rather than to enable some kind of innovation.

[pitcharoad]

The innovations are technical yet in the sense of theoretical mostly. Save the backlash, I'm just voicing the most critical opinion.

[pmorici]

I think the word you are looking for is differentiation.

[gnaritas]

> Technical innovation is not the only type of innovation happening in the crypto space.

It's the only kind that matters; all other innovation should be built on top of those using the technically innovative base as a building block. Launching "new" coins that are merely clones are simply going to lead to failure. Bitcoin is not like Apache, you can't just grab its code and use it and think you've got what bitcoin has. Bitcoin is not its code, Bitcoin is its network, Bitcoin is like Facebook, network effects dominate, and you must use actual Bitcoin, not just launch a Bitcoin clone, to benefit from it.

[Dylan16807]

> To strengthen my argument, you wouldn't expect every startup on the Internet to develop their own Apache server, HTTP protocol, and all the other technical innovations that allow for their business to exist, would you?

I don't want them making their own Apache server in the exact same way I don't want them making their own coin. They should use an existing standardized setup. A smart contract can be useful. A "coin in support of X charitable effort, come mine today" is pretty much nonsense.