i think ICOs in their current for are bad for cryptos. Rgith now, a lot of projects are just scamming people and their seems to be no regulatory protection. Ideas havent been vetted, and most projects are being sold as some great solution to a big problem mankind is facing. truth is, they aren't solving any problem at all.

with proper regulations and consumer protection, icos will be great, because founders will be accountable. right now, they raise some money, keep the bulk of tokens with themselves, launch on exchange, cash out slowly as price goes up. it the most profitable lottery system out there.

market should focus on bitcoin, ether and some promising tokens. rest all is bullshit.