Crypto feels like a solution in search of a country, and India still hasn’t asked for it. I admire the energy of people building outside state control, but most tokens are just grift with better branding. UPI solved real friction; half these chains solve problems that only exist because they invented them. That said, I won’t mock the kids stacking sats in Tier-2 towns — they’re escaping worse scams, like guaranteed mutual funds sold by their uncles. But don’t tell me this is financial inclusion when volatility eats the poor first. A woman in Thrissur running a snack stall doesn’t need a wallet — she needs consistent demand, fair credit, and for her brother to stop treating her earnings like family savings.
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