There are many useless coins and many terrible ICOs but this is another example of throwing the baby out with the bathwater.
That does not mean that ALL are scams are useless.
ICO is a great tool.
We just have to learn how to use it
We easily can call 2017 as year of ICO. Among all those ICO that's are a lot of scam, mostly because of this area of business is still not regulated, but the process of regulating finelly began and I think it's good. Investors should to be protected from scammers.
I am agree with you that the idea of ICO is great, but we all need to learn to use if for good.
There are really a lot of ICO this year. They are like mushrooms popping out like every month. But its really hard to filtered which one is good and which one is not. Maybe the Wolf of Wall Street has a point here because we can't really deny the fact that a lot of them have scammed us. Regulations are coming, even China and South Korea has banned ICO because of the very same reason that some unscrupulous personalities are just having this fund raising to really screw up investors money.