I grok people's concerns about pump and dump altcoins. However those dont fundamentally apply to cryptocurrency. Beanie babies, tulips, etc are purely cosmetic. Crypto functionally provides a service (public ledger + store of value + decentralization). Comparing crypto to beanie babies is akin to comparing the internet to beanie babies. The internet fundamentally did something useful (long distance multimedia communications). Even if humans stopped using the internet for "funsies" like cat memes the way the beanie baby fad ended, the utilitarian purpose of long distance communications would still exist. Beanie babies had no utilitarian purpose.