I think it's sad that what could have the potential to transform funding for legitimate businesses is being abused and used by con-artists. The truth is this is hurting the industry, and it is hurting investors as well. Yes you can make quick cash if you get lucky and you are not burned first but that is not sustainable. Would you not rather invest in the next company that could be the Amazon or Tesla of the cryptoworld?
Totally agree, ICO has got a bad name because of some cons that want to make easy money. As a result the entire community suffers with Governments banning ICOs and increasing scrutiny. This also hurts the truly legit businesses/start-ups that really want to do good work.