I definitely still believe in ICOs, but my two cents is that registration for one should really be a process regulated by probably a government body or just a private entity who is responsible for filtering shady companies that does not even have a working concept nor an actual product that they are planning to produce.

A lot of ICO's are really just there to scam people which is very sad for the crypto community. When having someone to look over your shoulder for where you should put your money in can lead to other unsavory things like corruption, I guess what we can do is just to look out for each other and tell each other redflags as we veto the ICOs we want to join into.