If ETH is scam, then everything in crypto would be. Every ICO will be considered scam. And there so many top talents and businessman in crypto, they are way too smart to be in the scam.
Cryptoverse and blockchain will be the future. Maybe not replacing the current financial system but surely provide us another alternative as a payment and store of value.
We are closing in for 3 months of bear sentiments. I personally don't see it will down until summer. Still see many people predict further downturn. But we've seen the price bottomed out around 6k. Even the Mt.Gox dump is played in. We witnessed so many buying interest from the 6-9k levels. But the market overall still wary about short term trend. But this period is the best time to accumulate. And altcoins and utility tokens is taking shape. We will more new services and technology based on blockchain and crypto into the market this year.
Rather amusing, Google Ads still allows so many scam sites , ponzi, phising, fake sites, etc.. What right they have to choose for us?. Just let the US or other governments ready for some sort regulations for ICO, then would be just fine. An outright ban on ICO is counterproductive and outrageous. That shows us why we need blockchain and decentralized technology.