I think it was a wakeup call many needed. On the other hand people might do a bit of witch hunting and false flag a few legit things. I’m sure the main stream media will love this claim “that’s why their markets went down.”
Overall we just have too many dam coins in our ecosystem. There is a reason why there are not thousands of currencies in the world. We really only need a good couple hundred. Not everything needs to go out and make its own “coin” that changes one minor thing and is more or less the same thing.
I'm mildly hopeful the "idiot money" was flushed out, and maybe the investors who now buy into the market are just a little bit smarter.
You're right about the number of coins... it's one of decentralization's challenges. If you don't like something, you can can just make your own. Nice idea, but sometimes economies of scale make sense.
I expect it will scorn a few for life that will go on a white-knight hood of telling those around them of how they were horribly scammed (if they are the kind of person to admit such things), and don’t ever trust anything cryptocurrency related! We just need to pray it was not some senator’s daughter that lost money or there will be grim stone and fire to pay in the attempt of more regulations.
The rest of the zombie money will look and sing “only 1 in 50 shot of being wrong” and toss more mud on the wall. While they hum their endless chant “can’t win if I don’t play!”