So because currency x can be used for financial scams we declare the currency itself a scam? Do ponzi schemes in Euros make the Euro a joke?
Why do hodlers of cryptos get so irate then?
I have never owned any amount of a crypto, neither did I waste more than a few watt-minutes running a mining algo. I would actually be on the other end of the stereotype, "the bitter bitcon hater that has known about it since the early days (mainly from HN) but never invested a cent in it" but alas I do not fit there either.
I am a neutral observer, interested in debate about novel forms of currency rather than any single implementation. The initial point I was trying to make is that I find the argument about ICOs (the vast majority of witch are obvious scams) detracts from the actual technology. The way the trading markets are acting does not help either.