I think it's interesting how people think protocols like ERC-20 and SMT dilute the value of the main chain. It clearly does exactly the opposite. The problem is that it creates so much value and FOMO that the price action bubbles and most people who jump on the train at the last second get burned hard and assume the entire system is broken...

It's so valuable it tricks everyone into losing their money.

So weird.
The fishtails will continue.