I half disagree with you

Regulation does not have to be costly at all. I've helped companies get regulation and it cost them less than what most ICOs invest in marketing. So if done well it does not have to be a death sentence to the underdogs. Though the "if done well" part is the one I'm worried about

That's why it's something that we're addressing in our company. Because building it up correctly is SO important.
What I'm talking about is sets of regulations imposed by governments and banks. Once those hit the crypto world, we can forget about the super gains like Stratis and Monero. Look at the USA, now American citizens are 'protected' from having 10x gains through ICO - a good example of regulations!