No regulations, no rules, no jhanjhat

You must have seen the ad. A group of young men are playing carrom in a dimly lit garage-like place that looks like the movie set of a garage. Then one of them starts telling others about bitcoin and exhorts them to buy the cryptocurrency through an app. The others protest that they are unable to understand bitcoin. The first one shows his phone screen where there is a graph going up and he says, 'no jhanjhat, no load'. I find this ad completely realistic. It shows someone who knows nothing about bitcoin confidently telling others - who also know nothing - to buy bitcoin. This is exactly what is happening in real life. The only reason to buy bitcoin is that the line is pointing up, which is the case here. Of course, the ad is not really for bitcoin but about one particular cryptocurrency exchange. Without, for the moment, going into the case for