"You are the 1 millionth visitor! Click here to claim your prize!"

Please. People have always been gullible, it's just that the scams have moved to more lucrative enterprises.

> we've created a bunch of lemmings who will give all their money to an ICO because a banner told them to.

It is a problem of basic finance education which should be part of the school curriculum. People also buy a lot of stuff they don't need or include false claims because a banner told them to.

And then the legal system is structured to essentially allow this behaviour because it's not worth the time or effort in most cases, and the system is designed for settlement, not for justice - settlement which most often requires agreeing to silence - which then prevents society from getting educated/learning of these problems.

I was just saying this the other day. I have been a steep learning curve about retirement accounts, mortgages, etc. There should really be a financial curriculum in high school, possibly all four years. This is basic information that everyone should be aware of.

isn't there some personal responsibility to teach yourself these things and not be stupid? Why do government funded schools have to teach people everything? And what subject will we cut to teach these things?

Couldn't that same argument be used against anything we currently teach in school?

The obvious answer to your first question is: It has severe detrimental effects to our society, and we'd all be better off if people were taught the basics.

> Why do government funded schools have to teach people everything?

I don't know any government funded school... do you? Beyond this, people need financial knowledge to make better decisions since finance skills are required on a daily basis in the modern world.

It's because if you start getting people to think critically about economics they will start to wonder why they are spending 40 hours a week working and getting no royalties(hint hint engineers).

Yes, the older and wiser generations NEVER fell for scams before, and the SEC were twiddling their thumbs until bitcoin came out.

Okay multiple generations of people who will do whatever an ad or authority figure tells them to.

Not sure SEC is a good example, since they are a corrupt organization focused on prohibiting class mobility. Their propaganda works better than ads on the same people.