I've been seeing that cryptocurrency is used again and again for scams against Indians in this forum, outside and in the real world.
We can see trybitcoin.in and scams like that being actively promoted We can see MLM scams being promoted like gainbitcoin and powerhashing We can see coins like Mudra coin ruining India's name in the bitcoin community here We can see people selling miners with false claims for exorbitant prices We can see other forums like Quora being used to promote MLM and ponzi schemes We can see in real life people being scammed to start investing in false cryptocurrencys. Yet the educated cryptocurrency community here does very little. i
Posts which are promoting sites such as trybitcoin.in should be flagged, trust should be negative and their posts should be removed. Any allegations against coins (mudra, trestor) should be taken seriously and their teams should come up with relevant and responsible replies. We should have pinned posts and posts with lists of scams as well as guides for new people to cryptocurrencies, informing how to find if a coin is a scam and a list of verified scam coins/sites as well as a guide on ponzi schemes Coins like Mudra should be scrutinized and reported as soon as it is posted!
For Quora, I found that specially these two Indians are dedicated completely to get people into Ponzi schemes and they then get referral money - and they do it from highly educated individuals.