Guys, I've been reading a lot lately, and some folks have demonized ICOs. IMHO ICOs are just one more way of getting your project funded, the problem is not with the method but with the ones who try to exploit it.
My recommendation for all of you is take your time before investing, check the team, are they solid? do they complement each other? do they have a strong technical and business lead?, check the project itself, is it well defined? does it make sense? and finally check the token itself, what's its purpose?
Once everything seems to be ok, google for second opinions! If everything is still ok, go ahead, ICOs are not bad! Some folks are bad, some folks are scammers, but unfortunately you can get scammed with every other investment method too.
On the other hand, I agree that ICOs need to have some kind of governmental oversight, it can't be unregulated, is not good for anyone.
What are your thoughts on this?
Everybody is doing this you can make sure of it. Nobody invests their money randomly in scam projects. Here is the deal, some projects are hiding that they'r scams and people can't understand this easily.
That is why the need for people, especially those investors of ICOs, to level up their investigation skills in terms of which is legit or scams is more necessary than ever. ICO investment is actually not for everyone, to be honest. It is not for those lazy ones who are not even trying to take a look and read the projects' whitepaper. It not the kind of investment for those who do not take time to carefully question the details of the projects.