Thanks. Financially the collapse of ponzis like BitConnect might not dent the market much, but it will affect sentiment. There is a whole breed of speculators who are buying madly in this mania and they need to realise that diligence is required.
When the market wises up it'll see the true gems in the crypto space and maybe throw off the dinosaur BTC and it's ongoing scaling drama.
Well, that's my fantasy anyway :)