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RE: Well, it looks like the bubble has officially popped
Same thing happens in every emerging market. It happened with IBM compatible computers, when home computers were coming in. It happened in the emerging Internet Market and it will happen here.
It's just part of the process and I don't know if I would call it greed or opportunity chasing, this cycle will repeat and likely soon.
Yes some coins will die, but you are right that coins with a real use case will probably win eventually, but there is still plenty of time to flush out the real winners.
That is a good point, the difference between greed and opportunity chaser is often very little. I guess my greed comment was mostly targeted at people developing coins for the sake of developing coins. Not really solving any problem or creating anything of value. Just creating money out of thin air. Though again, some might argue those were just "opportunity chasers".