Because of the greed in this space, ICOs have been turned into a get-rich-quick scheme. Their value as a crowdfunding method is undisputed, imo. Regulation needs to be imposed, to allow ICOs to be the future of investments.
All the ICO devs have to be forced to invest their own money into their projects first, and then try to gather
funds via ICOs.This will be some kind of a guarantee that they are really involved into their projects and they are not creating and promoting ICO only for the money.The funds gathered from ICO have to be held by a trusted escrow and released only after the reall identity of the project devs is revealed.