I agree a lot with what you said but I personally don't think a lot of shitcoins is a bad thing. What I think is bad is people falling for coins that are being manipulated/premined. If something has good technology and is useful then why not release it?
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Absolutely! The more shitcoins the better. Out of million ideas there are certainly a few that could revolutionise the word. I am backing this technology and I think that we haven't even touch the surface of it's possibilities.
I am just expressing my concern about the lack of third party "checks" and the fact that a lot of people invest without ever reading or understanding in what they are actually investing in.