I don't like it as a most of us. But we need to see the whole picture before making some loud statements. We need regulation for ICOs. And most ICOs are securities. Yes, they trying to avoid this but most regulators think about it like securities. And we have to face it, deal with it. ICOs are risky, a lot of scam etc. With KYC we will have more fair distribution as well as more chances to have more institutional money inside. Which would be pretty good for the whole future crypto economy.
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I would add that you have to do your home work not only to get much bigger reward which is totally true but also to promote good projects. You have to analyse what you promote. It will prevent scams on early stages.
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