It'll be a continuous sequence of market and government failure until it breaks. And in the meantime it'll involve a lot of finger pointing, not least of which

It'll be a continuous sequence of market and government failure until it breaks. And in the meantime it'll involve a lot of finger pointing, not least of which will be at the user e.g. the user is stupid for clicking on that obvious link and deserves to be defrauded, that'll teach them; and other mind numbing nonsense. We'll see a return to walled gardens of private networks very restrictively interconnected, similar to the days of AOL, CompuServe, and Prodigy.