There should be regulations

or else it would be a fertile ground for scammers... edit: currently is a ferticle ground for scammer.
You hear things like an ICO is a poor man's ipo ... they are right. The question is why do IPOs have so many artificial barriers for entry.

Currently, we are between two extremes: the free-for-all ICO shitstorms with no regulations where a decent programmer can literally scam people into a coin, or tightly controlled financial system that really aim just to benefit select members of the society.

It is insanity i tell you!!

I am hoping this all would converge somewhere in the middle, but maybe I am wrong in assuming they are polar opposites.

There also should be more decentralization of power; or else we will (and we do have) huge power concentrated in the hands of the very few. History keeps showing us that having a strong centralization is very effective at doing economic work, but due to human nature and things beyond my simple mind, bad things tend to happen.

There also should be less retarded laws and definitions.
Take the example of the definition of Accredited Investor. What constitutes an "accredited investor" is not a trivial question, but tying it to net worth is just retarded. Having more money, even tens of millions, doesn't imply your a good investor, this is basically so the rich can pass down an easy-pass access to more riches via this definition. This also implies that the further you are from that "artificial" net worth limit, the harder it is to reach there. So this definition does help the rich get richer and the poor get poorer... in a way.

I actually like Brazil's definition of what is an Accredited Investor (the one on wikipedia), but I did not research shit.