⚠️ This post has been marked as offensive.
Yes, Indians are very into cryptocurrency, with India ranking #1 globally for crypto adoption in 2025, driven largely by tech-savvy youth seeking high returns, though faced with strict taxes and regulatory uncertainty that pushes some activity offshore
. Young investors prefer Bitcoin, Ethereum, and meme coins, seeing them as more exciting than traditional assets, even as India levies a hefty 30% tax and 1% TDS on crypto gains.
They are envied for being so crypto savvy.
Why not emulate them?
Because if you want to live in a high-trust society, you need to punish and ostracize people who behave in retarded, low-trust, third-world ways. That's what a pump and dump scam is. You have an online space created to share info among hobbyists to help navigate the world of crypto and scammers ruin it by lying about new coins and then dumping their stock once the price rises. People no longer trust the advice being shared in that space, and the utility of that space has thus been destroyed. Being a scammer in a high trust-system is only good (in the short term) if a minority is doing it. If everyone tries to do it, the high-trust system collapses and everyone is worse off, and then the scam ceases to work.
Take the instance of a 'trust stand', a rural farm stand which is left out with produce and a box in which people leave payment. If everyone abides by the trust system, you can have farms which offer cheap, extremely fresh produce because they have little overhead. But if one person starts going to the stand and taking everything without paying, then the farmer needs to start selling their produce to a middle man who sells it at a secured location, paying stand fees and transporting their produce to markets, or investing in their own secured retail infrastructure, making produce more expensive for everyone. This raises prices for everyone, simply because a handful of people refused to abide by the 'trust system'.
This is a severe problem with the culture among recent Indian immigrants - it's caused huge problems in Canada with food banks, where Indians who don't need charity at all will show up and raid the food banks simply to save money, forcing the charities to invest more resources into policing who comes in and doing background checks on them. And when this sort of behavior is widespread enough, it also makes it harder for Indians to get jobs - many, many people i know will simply hang up if someone calls them and they hear an Indian accent due to the prevalence of scams among the overseas Indian communities. Whether they will admit it or not, this sort of mass consumer behavior produces pressure on employers when hiring people with an Indian accent. Most people want to live in a high-trust society, not in a derelict, dysfunctional shithole where nobody trusts anyone else. And many (not all) Indians seem to not understand how important it is to police people within your group who behave like this if you don't want your entire group to get a bad rap.
You have an online space created to share info among hobbyists to help navigate the world of crypto and scammers ruin it by lying about new coins and then dumping their stock once the price rises
You sound like a smart person. tho I think scammers are important people because the only way to remove incompetence from society is to create lies and punish people who believe them. Safe space where you cant fail is just breeding zone of incompetence.
Discriminating based on a persons accent can’t be very disturbing. It will take years to lose that accent.
Your mind drew a blank it seems.
It literally means, "Win, victory"
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