ICOs will evolve with more realistic offerings. The DAO disaster only happened one year ago and the community recovered very fast. The main point is the difficulty to access good deals early on and that is what is happening with new IPOs.
"The community" didn't "recover" because it wasn't broken in the first place. Sure ETH:USD declined, but then went up because everyone and their dog buy or mine cryptocurrencies in hope of getting rich fast (extensive media coverage helps). It's not a sign of a sound economic system, it's a sign of a bubble.
Not saying it is not a bubble. Amazon was part of the dot com era bubble and look at what they are now. When you lower the barrier of entry you have all kind of community members, including the few good ones who don't want to follow a more classical funding approach. In the worst case, all this is an interesting experiment.
Exactly. The "startup boom" that's going on now is staying strong because tech is available to most people and people are becoming more and more accustomed to using services offered by startups. Cryptos are now in the same position tech was in 90's/early2K's - not available or unknown to most people but promoted as "easy money by easy investments". Dozens of useless companies banking in on people chasing cheap money.