Hey guys,
I'm relatively new to this Crypto-currencies world and as a tech junkie it certainly fascinates me just how much progress has been done in networking and the amount of new breakthroughs on finances based on P2P networks and this "coin-mining" thing.

But there's something that just boggles my mind about Ethereum and the Smart-contracts... As if fundraisers and Kickstarters weren't enough of a bad idea, there seems to be a new trend of making ICOs for any kind of idea backed by people whom we have never heard anything about, and that might just be overtly lying about their products or new projects.

And the amount of naïve people trying to make a quick buck out of ETHs disguised as customized coins in ICOs just blows my mind... I don't think that this is what was supposed to be done with Ether.
Your thoughts?

(Disclaimer - I may or may not own my shares of ICOs, and I in no way am claiming that the concept of an ICO is a bad idea)