Cryptocurrency - situation in India
Recently I have travelled lot of places in the countryside and listened people talking about Bitcoin more often than before. However, most of them are scepticle about virtual currency/asset bcas people appreciate FIAT currency as it is in physical form not virtual. Lot of education is required in this field among masses before they start recognising it’s worth. Secondly, here lot of ponze schemes like Multi Level Marketting are running to collect cash/money by some frauduster in the name of mining of bitcoin. Thirdly, lot of new cons (ICO) are being launched without any Blockchain, white paper or any vision of the ICO, only money minting. Need Education about Cryptocurrency/ Blockchain/ ICO/ Tokens/ Plateforms etc
There is need from industry players to educate people about how to spot good and bad crypto projects. vulturespick consistently doing that.
in Russia a lot of spam from the cryptoMLM. People have heard that you can earn a lot but don't know how and what. They are being deceived
I initially did not know what bitcoin is talking about by my friends and now I already understand