Thanks for your replies guys. Some really good inputs here.
In that I realized one thing that we still have long way to go because people who were attending were sort of living in semi-urban or semi-rural type who majority of them would do not even know about crypto currencies or different coins existing in the market or just even if asked about where can they store bitcoin they would not know it. That was the situation so now you can understand it was so easy for them to trap such people and they would end up losing money.
This is one of the typical examples. There are plenty of such groups on telegram where the scammer will throw an air of sophistication and knowledge to gain confidence of these people. You are absolutely right about the semi-urban/ semi-rural demographic that they target.
This is an area where I think we as a community can actually be of some help. We have to find some anonymous means of undermining such organized attempts on telegram. I would personally be very interested in something like this.
Told them to do some research on internet before investing in such schemes in future and by then the moderator removed me from the group.
Naturally. But kudos to you for attempting this. Now this is something we need to do in a more "planned crusade" manner.
Bitcoin in India has easily become a trading mechanism and a scammer's tool to rob the poor idiots money out of their pocket. The initiative taken up by you for the community is quite good, but it all lies with the population and how well they got to know about the technology and ways of scamming instead of trading useless shitcoins in exchanges. Our large percentage of moron population (even the educated ones) doesn't really understand the technology behind bitcoin and would start trading BTC with other alts overnight. All they need is a 2x profits or some nonsense after they wake up in the morning.
The words you used are quite strong mate, sometimes people get scammed just out of mishap. Don't be so judgemental.
Those are not strong words at all. Heisenberg is absolutely right. He is one of the few, probably only post-2017 Indian member at the forum who has actually ventured into the intricacies of bitcoin technically. The frustration on seeing people just falling for bounties, scams, trading etc and then earning the "Pajeet" tag from the global community is real. Most of the new exchanges are only turning people towards trading with all sort of options and derivatives trading. Experienced stock/ forex traders are then making use of the volatility to earn good profits but the overall ecosystem suffers.
Heisenberg, Man, I don't think anything can be done for the trading aspect. It is a necessary evil now. As individuals, we have to choose our battles. Getting into the technical nitty-gritty is as good a choice as any. People in India are mostly interested in Alts. The biggest communities are in Alt-projects like Ziliqa, Bluzelle, even Tron. I would say that we HAVE to find common ground with them to see how it can be beneficial overall.
Well scammers are intelligent and that is what makes them expert at scamming. They know how to approach a person specially a vulnerable person is one who has underwent a mishap or like during this time of crisis, targeting those who have been hard hit is going to have more possible victims than others.
They are not really intelligent. The standard is pretty low in India at least. It needs just basic knowledge about something novel and a shallowness of soul to wrap that knowledge in big words and be willing to fool people. All these jobless passouts from Tier-2 engineering colleges who want to earn a quick buck. From UPI scams to fooling the elderly out of their ATM pins. Pretty soul-less people. They deserve no mercy or understanding. Giving their country a bad name AND spoiling countless lives.
