It should be noted that this topic started in mid-2017. Since then, almost 1.5 years have passed. Nothing changes, and for all this period they talk about bad ICO. I think ICO will develop. As the saying goes: the dog barks, the caravan moves on.
Currently, almost all ICO projects are fraudulent, accounting for 90% of phishing projects, but if we have experience and choice of projects then they probably will never exist. Poor quality, they cheat in the ICO project so they are very quickly rich, and the scam pattern is increasingly widespread.