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RE: There are currently 972 cryptocurrencies! Ridiculous! Or not?
There are that many Linux Distros too..haha maby more, and for at least the last 10 years, we have had over at least 500 different versions of Linux, all with different features, and different software, and custom versions for editing, programming, etc. So I believe each coin will have its own niche, and reason for existing. Also If you have ever built a system from scratch such as Gentoo, then you are essentially mining Linux!! haha
But do we really need so many different versions? Do they really all have their own niche? Or do they just exist to exist?
The world needs standards... we are just wasting resources. Look at the development of few cryptos in the top 50... if we scratch the last 300 all those resources can go help build the 'top' 50 and actually get them live