Killer app is already here, and it’s value transfer and trust less systems, at least, that is the way we see it.
On the other hand, very true statement about the current market state and the lack of diligence over profits. However, that’s the whole point of the world we’re creating. Although projects that are fraudulent definitely need to be sanctioned/punished, etc. It really depends on people what approach they take when investing.
It’s not Blockchain’s fault that many novice investors want quick exits and that fraudulent projects exist!