ICO are not that bad as you are depicting here. They always have got good plan behind their project and growth of the ICO.
FYI.Asking money as investments from the public just to get their pockets bigger is not what a good plan looks like.
Each of them are used to develop products and services which can be used by us. The funds raised are also invested into their coins to generate valued coins and later we ourselves can trade or exchange them onto different platforms.
Really ? How many coins do you even use IRL expect bitcoins and maybe ETH ? How many decentralized projects of the shitcoins have been implement in organizations ?
I see complete advantages in the use of ICO and the followed coins in the market. The 95% number is way too large. I guess there should be voting poll on this thread to know exact number of people who like and dislike this idea.
To keep it simple,ICO/altcoins are just to trade money,nothing more.