Think everyone already knew this. Yes, ICOs are to blame when they're asking for millions to do things that are nowhere near the complexity of what Bitcoin tried to do without any money. But people themselves are to blame for funding these projects, and allowing devs to use the money as they please without questioning. But that is the way it would have gone, no one would be a genius for predicting that the moneygrabbers would come to play. Just take it in and let it go. That's how it the world works
And too many fucking exchanges.
What's wrong with that? Would you prefer one Mt Gox to rule them all? The more competition the better. The more choice the better. I do wish everyone would please start to use decentralized exchanges more though.
People obviously want to put money into ICOs, the good ones and the rotten ones, it's their decision. Think survival of the fittest. The more people get bruned a bit the more they get scared and with a bit of luck start learning in order not to get burned again. This isn't ICOs fault, it's an evolutionary principle we have known way before we knew how to light a fire.
Decentralized exchanges for the win!
Crypto is evolving and we all need to kaap pace with that, so no its not gone to $h1t.
It is like the survival of the fittest both in ico's and us users,
for ico's the good ones will survive and the scams ones should fade away,
Unfortunately people are going to get caught in the crossfire but we have to learn not to repeatedly getting caught.