Bitcoin will survive. Blockchain will survive. The question is whether all these shitcoins survive, and I think the answer is no. Not in the U.S. at least.

If you have an ICO and reserve a bunch of the supply for yourself, the founder(s) and dev team, you’re registering as a security or not operating lawfully in the U.S. is where this is going. Otherwise you launch like Bitcoin did and are then clearly not a security.

The days of “cryptoChef2020” making up a token out of thin air or a blatant copy of an Open Source project, gives himself 20% of the supply and his “dev team” 20% of the supply, holds an ICO on his own with vaporware/copied code behind it he pumped, then either skips town or legit tries to make the tech gain adoption for a little while to ease his conscience and might get listed on Coinbase are going to be gone soon if not already.