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The Grateful Dead (yes its Grateful Dead, not Gratefull. Such a fan should at least be expected to be able to spell the name right) were indeed a very successful touring band. The mystery of their success eludes me. I've been to three Dead shows, and all three could best be described as 7 hours of pointless noodling. One song sounds virtually identical to the next, and the next and the next and the next - or was it even different songs? Could just have been an endless jamfest - hard to tell.
Musically they have contributed pretty much nothing. Had the band never existed, the only noticable change in the genre would be the absence of a few GD clones still out there. Hell, the Beach Boys (and I detest the Beach Boys) have made a bigger contribution to music than the Grateful Dead have. Much like Pink Floyd, the Dead lose alot of their appeal if your not stoned.
Smash can't spell his own first name half the time, and it's only 3 letters long. That being said, it's still fun to make fun of him for it.
Contrary to your assertion that they add nothing musically, the Grateful Dead were the masters of "The Jam". The ability to get lost in the music as a unit, to travel down a road that no one really knew was there, do it together and then find a way back to the main highway is a trait of inestimable importance. That the Dead could accomplish that is testament to their deserving the place of honor at the top of the table. That their music had such similar effects on people thorugh 4 decades is also a case in point.
I personally haven't been stoned in over 6 years, and I still find the music incredible. To sit and listen to Fire On the Mountain and have it last for 15 minutes is an experience that I will always love. Or a live set from the 100 Year Hall when the first bars of China Cat Sunflower get picked out, good times.
I have seen the Dead more than 50 times in my life, and each one was a singularly unique experience. My dad once saw them in a triple bill with Zeppelin and The Jefferson Airplane at the Filmore West. Listening to the radio the morning Jerry died and hearing a deputy sheriff's wife call in with the news, I was aware that it would be a long time before any band came along that could do to so many what the Dead had done.