You don't need to have the education to understand NFTs to have the knowledge not to put bets down on things you don't understand.

Most people don't understand things they invest in/buy.

Most people buying stocks don't understand the company as well as someone who works in the sector.

Most casual art appreciators don't know how to tell if a painting they're buying is a forgery.

Most people buying a house don't know how to assess the foundation, and even if they get a professional assessment, they don't have the same knowledge of the housing market as professionals. Maybe that neighbourhood is slated for rezoning in 5 years that would devalue the property.

Heck, even people buying gold/diamonds get ripped off on fakes/synthetics.

Outside of investments, most people here have probably bought a car. Do people who buy a car deserve to get ripped off if they don't understand how every component works well enough to inspect it themselves?

It appears crypto bros are on the verge of re-inventing market regulation!

If every transaction required perfect understanding by both parties, there would be no markets. We have regulations to reduce the amount of understanding needed to participate in markets without getting fleeced, which makes the markets function.

Precisely the point!

I feel the same way about it I do when I see someone blasting down the freeway on a motorcycle in shorts and t-shirt.

If something happens, then we should try to help, but I'm not showing up for the candle lit vigil and pretending it's crazy that 1+1=2.

Seems more like someone walking down the sidewalk at 1am and stopping to buy a drink from a lemonade stand, and getting jumped by a gang and mugged.

Crypto is new and unknown for most people, and high risk-high reward. Lemonade stands are tried and tested, and most people understand them well. I think a better analogy would be someone walking into a trap-house and buying drugs: they might have the high of their life, or they could get robbed. There are no regulations, so it is up to the individual to use their "street-smarts" to be successful. A person who gets robbed buying drugs or loses Crypto in a scam can be criticized, whether this is "victim blaming" or "being realistic" is just semantics.

I don't think they "deserve" to be robbed but I do think at this point the sketchiness of the defi sector is pretty apparent.

I think DeFi and NFT are different sectors?

But weirdly exactly the same actors.

you're probably right. swap DeFi with NFTs and the sentence still holds though.