Secondly, you think its "fairly clear to [you]" that these ICOs are scams. I am sure some are, but I know for a fact that many are not. I am quite capable of telling the difference (as a blockchain engineer.)
The presumption that every startup failing is "people being swindled out of their money" is very odd one for a discussion forum run by y-combinator.
Is y-combinator being swindled when an investment fails?
And you're still sidestepping the point:
It's my right to apply my own discernment to what are good and what are bad investments. Not people who don't know the difference between SHA1 and SHA2.