It will be sad tidings if that is the biggest reduction sale we get after this huge climb.

I was hoping for much greater bargains to appear especially in the ALTS that I wanted to stock up on.

Of course there will be many more blood baths ahead so no big deal if this was just a mini sale.

doesn't make sense at all.

The Reliance conglomerate is pretty much one and the same with the Indian Govt when it comes to policy making and legislation. Its unlikely they would spend resources putting together a 50 person team to study the applications of cryptos and blockchain unless they know there is a future for them for certain in India. In my view, this is a plus for cryptos in India as the current state of no legislation leaves Indian crypto investors wondering when the Govt will come knocking at their door. The Jio coin is a further step towards the Govt eventually having no choice but to come out with sensible regulation and taxation policies for Indian citizens.

you've got too much time on your hands.

edit: just googled as well, you should have posted a link to the article. looks like very early days, they don't even know what to use it for yet.

LOL, just because some people have invested in Bitcoins does not mean US dollars are going to be insignificant. You do realize that most people on Earth still recognize US dollars as the global currency, right? Cryptos are becoming mainstream, but that does not mean fiat will lose its value. This is only a start and it will take decades for that to happen, if it happens at all.
Right now only those crypto projects will go viral which can become a bridge between crypto and non-crypto worlds. And ripple is a good example of that.