It's a swell way to discourage crime (not to mention it helps keep the recitivism rate low)
The Crypto market is already getting watered down. There's so many now, people can't decide where to invest. I stick to the old standby's and ignore all the new stuff (and that's scary enough)... "A fool and his money are soon parted."
I hope they start regulating these ICOs pretty heavily in the very near future. The scams are giving the legitimate ones bad names.
They would get weeded out in time... the question is, how much time do we have? If the govt. steps in, it will become FUBAR and the whole thing will go to pot... If we're lucky one or two Govt. controlled currencies will survive. If there were a way to police this ourselves...