Topic: Crypto aid for Turkey exceeds $4.5M in one week (Read 258 times)

if nothing else, this situation will give them a good perspective about btc and crypto in general. those individuals who have the notion that btc is only used for illegal means and other fraudulent activities may change their perspective into something positive if they learn that btc is now the fastest and cheapest way to send help to countries which are in dire need of emergency funds.

They will consider it and maybe learn how to provide opportunities for bitcoin legality without disrupting currency, some countries have provided bitcoin legality only for assets and cannot be used for other than currency, even though the donation given is not aimed at getting crypto legality but large hope that the government can provide space for the crypto community in Turkey to trade and invest in crypto.

Probably, their whole perspective will be changed. They will start to be more open-minded about the potentials of bitcoin and how it will be beneficial especially in times economy’s breakdown. Most likely, they will consider now to legalize bitcoin but of course, the process might also take long since they will still have to study about it and consider it’s advantages and disadvantages.

This situation is a good breeding ground for scammers. So yes, be careful sending to these fraudsters.
Check the official links and addresses before you hit the send button.
In times where traditional payment methods and banking system are in rubble, this is where crypto comes in.
They will now appreciate how blockchain tech can assist countries which are in dire need of funds for emergency needs.

Read some news about donations to Syria as well, and its also a good amount of money. If the sanctions didn’t except a disaster event like this, its good that we have cryptocurrency as an option.

Tried to donate some small money in our local organization, I’d hope that the money will really go to that country. Choosing where to donate is also a bid risk, so make sure you are dealing with the trusted organizations that really works to help those people.

Stop comparing the two, Ukraine is being invaded by a foreign country and is at risk of losing everything, Turkey experienced a natural disaster, it's not like they need guns and rockets to fight earthquakes. Also, you're clearly misinformed about the donations, just the US sent $85 million in humanitarian assistance, with the UN seeking to cover an extra 600 million on top of the already pledged 400 million.


Most of the time exactly when quick responses and actions are needed the governments end up taking even more time on decisions than when it's not a crisis at all, everyone runs from responsibilities, nobody wants to take a decision, the majority has a lot of skeletons in the closet they want to cover up never to be found and so on.

Fortunately this time they got scared and allowed the donations, it would have been such an ugly sight to have people in need and the same time the authorities like morons block the much-needed help readily available.


What happened was corruption and a lack of respect for the law and regulations, a building being built with no concern whatsoever, a disaster waiting to happen. The Tōhoku earthquake had nothing to do with this, the earthquake happened under the sea 75 km from the coast, also the majority of the victims died because of the tsunami, not of the earthquake.

Same happened for Ukraine as well, after the war when the first wave hit, Ukraine started to accept crrypto donations eventually, and since they were a "western nation" and in Europe, they got over 100+ million dollars in a month, which wasn't really shocking, because it is obvious that the world cares about Ukraine a lot more than they care about "non-white" people. Hell even nations sent billions to help Ukraine with that war, and Turkey can't crack over 10 million, I hope that people would find the courage and the empathy to treat these two nations similarly, but I doubt that would happen, watch if any European nations ever get earthquake, it will get x10 more than this amount at least, probably more.

https://twitter.com/haluklevent/status/1626265701987061762

It raised over 4.8 million dollars! Thank you to everyone from a single cent to a million dollars, all of them meant a lot. I think it wasn't illegal to get donations in crypto before but it wasn't legal neither, there wasn't really a law as far as I am aware, but during a period like this, who could say no to such a thing? I mean obviously it would be allowed so that we could help people a lot. With this, Ahbap (the foundation that got this money) explained that it will be used to rebuild the houses with governmental construction company called TOKI, they are the ones who built houses that did not even cracked during this period, it is obvious that they did a magnificent job before and this money (and all the other fiat money they raised) will be used to give the victims a free house built by that company and will most likely not have any troubles in the future. Main reason for this disaster was shameful constructors, thanks to TOKI people will live in solid and trustworthy houses, and it will be almost all free hopefully.

In dire times, you can expect the government to bend some of the laws and regulations they enforce for their advantage. Even if it's currently illegal in the country, money is still money, and you don't want to decline any donations whatsoever that you're receiving because it all adds up eventually that will help the plight of your citizens in need. Also, cryptocurrency is faster - doesn't need to wait for business days to pass before the balance gets into the hands of the organizations that need it. Overall great job for the exchanges in banding together to make sure that donations will push through while also helping the Turkish government that sometimes, bans are not solutions to problems that they're facing.

The role of cryptocurrencies would be great if they were donated while the sanctions continued, because they are an indication of the decentralization of Bitcoin.
We only hope that it reaches its beneficiaries and thus they benefit from it, as the situation is catastrophic and they need every dollar that is donated.

When difficult things happen, for example the earthquake disaster that occurred in Turkey, many people want to help, the presence of cryptocurrencies makes it easy for anyone to help in difficult places, moreover blockchain transactions are more transparent because donation collectors will share these donations accompanied by blockchain transaction codes so that everything being easy to control, proof that the cryptocurrencies community is solid and useful for humans.

We experienced two major earthquakes in a row on the same day (7.6 and 7.7). The fault line of the earthquake was very close to the surface (7 km) and 10 cities were affected by this earthquake (millions of people were directly affected). I really don't know what to say because it's been about a week and I'm not in the earthquake zone but I still haven't gotten over the shock. We are in a state of national mourning. I hope that the money collected with this fund will provide some benefit for the earthquake victims. Thank you very much everyone for the help.

I know that the collection of donations for the benefit of the Turks in cryptocurrency is good for both parties, the Turks and the crypto, since both of them benefit in some way. The point that I would like to focus on is regarding Syria, which is not covered by any kind of such donations, especially since we know that crypto is almost one of the few ways that can help a people living under unfair international sanctions and in dire need of the simplest types of assistance even before the earthquake disaster.
Why do these initiatives not include them and why is there an almost exclusion of them, even though even their state (the Source system in the first place) does not pay attention to them and may not even be able to do so.

This is a lesson to other countries that banning Bitcoin is not the solution to thier economic problem. The currency does more good than harm. Bitcoin is a a trans-border currency that can help nations overcome some restrictions imposed by national currencies. It has the potential of becoming a legal tender anywhere regardless of the kind of bilateral relationship are county have with another. Each time there are conflicts or natural disaster Bitcoin has always proved to be a major pathway for easy donations. I know most government want to control the financial sector of thier country but they should atleast allow the people to determine thier payment options.

My heart goes to the victims of this earthquake. Many happy homes have been destroyed by this unfortunate incident. I just hope these innocent victims will still find peace, joy and love.

Seeing crypto donations are getting huge and these could be very useful in restoring the country again so most likely, the country will start taking the positive side of bitcoin and maybe revise the country’s policies if it’s really needed. But this would also mean taking some risks legalizing cryptocurrency that is why, the country should dig deeper about it before they can decide whether to legalize it or still ban it continuously.

Probably not legalizing it or something along that line but to allow donations to go through their country in form of cryptocurrency. Some goverments are skeptical though about this stuff but honestly no one can really reject all those donations even if it comes from some 'illegal' stuff. You cant reject donations from some drug dealers so there is no reason to reject donations in cryptocurrency just because the country is not allowing it

With that, legalizing cryptocurrency is the best option. In order to create bigger funds for emergency funds, crypto should be adopted so that they will also gain a huge amount of crypto donations and benefit them when there are sudden calamities and disasters that will hit the country again. Also, that would  give opportunities for crypto enthusiasts to finally get out from their shell and explore more about crypto and what it has to offer in the country.

Other crypto are donating to Syria as well probably in a different way, and maybe the sanctions are lifted for the sole purpose of donating for the earthquake victim.

Crypto community are doing their part to help people and this is not the first time we donate something to the victim of natural calamity and disaster, let’s just hope that we are sending money to the right person so our help will reach the people in need.

Probably, after this sad event, the government will start taking some research about bitcoin and start consider its positive side, so hopefully the government will be more open about bitcoin and cryptocurrency and consider legalizing it in the future. With the help of crypto in times of calamity, at least they should be thankful that these crypto exist.

We will never know the status of the crypto ban once Turkey receives high donations from the crypto community, I am sure that the government will review again and maybe cancel the crypto ban or release a limited functionality crypto usage regulation. however, I am touched by the concern of the crypto community who are very enthusiastic about making donations to ease the burden on victims of the earthquake disaster in Turkey, whoever the participants have made a donation should be praised and thanked them because the crypto community is very generous and the highest social care community donates the highest value , I hope the donation will be useful for the earthquake victims and hope they will recover soon from their previous condition.

So the vast majority of these are Avalanche (AVAX), Waves (WAVES), and the transfers did not provide a revolutionary service. For example, transfers for donations in Syria are prohibited due to international sanctions, so they are just an addition and help to the Turkish people.

Blockchain-based platforms help raise crypto-based donations by leveraging the power of peer-to-peer networks and eliminating financial intermediaries such as banks. Blockchain technology also reduces transaction costs and transaction turnaround times significantly. There are so many advantages to donating with Cryptocurrency. Of the many advantages, the most forefront is tax savings, this will benefit the donor or the recipient of the donation.

Any government must open their eyes to the convenience offered by blockchain technology, when a disaster strikes a country it will make it easier for any party around the world to send aid directly without using intermediaries.

They had dollars and lira and other fiat stuff along with crypto. Which means that it wasn't just crypto that they collected, it was everything they could. Over 30 thousand people died in these earthquakes, and calculations are still done, could be as high as 60-70 thousand people dead, but that is not the only thing, hundreds of thousands of people are also homeless now, and even the ones who still have homes fear to go back inside.

So, there will be a period where Turkey will need a ton of money to recover, to clear the debris, to build houses again, and to make sure people are not afraid to go in, this will take longer than a year to do so.

This means the crypto community is very generous when it comes to this situation, as people there really need financial aid. I am hoping that they can quickly recover from this catastrophe. I remember before when a lot of people here in the community donated some crypto for the help to Ukraine, which they also accumulated huge amount and posted updates here about it. I am just shocked that they banned crypto in Turkey, but will they unban it after this? as they see how it greatly helps their country, or will they still continue to ban it?

I am very sure that with the generosity of crypto holders of any kind one day there will be a place where everyone sees humanity like this, maybe this will not only happen in Turkey, several times the crypto community has carried out humanitarian donations in other parts of the world, one day when everyone has opened their minds and hearts that crypto is not as bad as they think. what the Turkish government accepts for assistance to its people I think will have an impact on very strict crypto regulations maybe the government can open its eyes about crypto transactions in that country and things that might happen for sure Turkey's neighboring countries and even other countries will also do the same equally that the benefits of accepting crypto have a good impact on society.

The  initiative taken by crypto community to raise funds for earth quake victims of Turkey is highly commendable. This disastrous event has led to wide spread devastation, with over 4000 buildings destroyed and numerous casualties. The effort to provide rapid aid to those affected is crucial, it is equally important to make sure that distribution of aid is free from any kind of bias or discrimination. We should also take resumes to ensure that funds are utilized appropriately and reach all those who in need, regardless of any demographic or social distinctions.

Now we have seen enthusiasm from the crypto community who donate some of their assets easily without having to think about where to send it because based on crypto it is very easy and effective in emergencies such as the natural disaster that occurred in Turkey.
Even people with $5-$10 can donate because this is very easy, but imagine sending fiat, of course it will be difficult, especially if you don't know the official alliance in raising funds.

But the Turkish government has taken the right steps they can raise funds faster than others because the crypto community really cares about humanity.

Portfolio of funds raised for the Turkey disaster: https://portfolio.nansen.ai/dashboard/APE-JBS8U7

Many of these construction engineers have been arrested. There is believe that some buildings could have not collapsed if at all the urban transformation by the government of having buildings earthquake safe had been adhered to. According to the news the law wasn’t compulsory and people without funds for rebuilding were not compelled to do so. Thus so many buildings collapsed even estates that were supposed to be standard. Another surprising thing in the turkey earthquakes was the collapse of some new government buildings and schools. According to AlJazeera reports even countries Disaster and Emergency Management Authority building collapsed. So even the new buildings are still been constructed with sub par materials.

The crypto community has already collected more than 10 million for all those affected, many large exchanges have united around such grief that happened.Cryptocurrency acted in this situation as a universal payment instrument and I like the fact that everything is transparent at this stage and anyone can see how much is collected at the moment.Bravo to all those who did not pass by and contributed to helping the victims.

Vitalik Buterin also donated 99 ETH to Turkey and Syria. I think that these countries need any financial assistance, and now is not the time to say that, somewhere, cryptocurrencies are banned. The tragedy should change the laws and scrutiny of everything that is built in Turkey. The news reports that they are already looking for several people who were managers of companies whose houses were destroyed.
Please note that not a single government building was damaged. Questions need to be asked about how and why so many housing estates have been affected.

What MASAK did was a great help to the victims of the disaster in Turkey. If MASAK had not done this they would not have received such a large amount of donations in just one week.

   Since then there have been those who have also been making such donations related to cryptocurrency. And this industry helps a lot in those kinds of disasters that happen in different countries.

Don't know yet how the current condition of crypto policy in Turkey is, but in this case natural disasters are unexpected incidents which in the restoration process can be softened while policies are contradictory as long as they don't have a continuous risk. To change the policy, I think they will still follow the procedure especially measuring how much ability they have to handle the risk side.

Thanks to all donators all around the world. We all appreciate your support...

Although I'm not used to this site of yours, this does not come as a surprise to me, crypto is the order of the day and it is helping beyond anyone could imagine. There are many people that would have wanted to participate in donations all around the world, but the high fee and inaccessibility of a preferred payment method would prevent them from doing so.

Bitcoin and other cryptos have put an end to that, and within a few minutes, they can make their donations, and this comes with a ridiculously low transaction fee.

So, expect more soon.

Raising crypto-based donations has proven to be efficient from all sides, especially for natural disasters which definitely require as much emergency financial injection as possible. Besides being able to reach unlimited donors at all levels, the donations collected will be realized more quickly.

This should be used as an emergency solution by the government in any country.

Yes, it is possible and I have seen it myself here in my country: people asking for donations in Bitcoin and also in local fiat.
There are obvious advantages, one can choose the fee of the transaction and we do not need to deal with the bureaucratic frictions that can occurs when wiring money abroad, not even mentioning those who do not have easy access to banking services.

Also, I doubt Turkey would change their position on Bitcoin even after this display of generosity by the community, I have got the hunch the rules of Turkey is not the kind of person who chances his mind, specially after being proven wrong or faced with evidence of case-use.

Let's see how it's going to be the approach of the government towards cryptocurrencies once this crisis is solved. The donations might have some impact on the views of government, after all, cryptos are being an useful tool to help turkish citizens and authorities may want to be thankful for that, finally accepting the positive potential they can have in a society, including during crisis times like the one Turkey is suffering right now.

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Interesting.


Is it possible that crypto based donations carry a significant advantage over gofundme and other platforms which denominate only in single currencies of fiat? Not everyone in the world has access to digital dollars to donate on US based platforms. National currencies can be limiting in terms of them expressly being used inside the borders of the nation which issues them. The US dollar losing its position as an international reserve currency can only accelerate this process for the USA.

Global cryptocurrencies by contrast, can be commonly held and used by residents of all nations. Which could give crypto based donation services a distinct advantage over the digital dollar, yuan, ruple and other assorted national currencies.

While I'm not 100% familiar with what happened to the unfortunate residents in turkey's recent earthquake zones. AFAIK it seems a major fault line in turkey ruptured producing more chaos and unfortunate events than we see from most quakes. Real estate located on fault lines are higher risk for earthquake and tsunami damage as indicated by the fukushima disaster which was also constructed on a fault line.

The advantage of purchasing and developing real estate located on fault lines is lower cost land. Real estate located on fault lines being cheaper and more affordable in contrast to more stable and reliable land masses. The disadvantages however are greater probability of sink holes, earthquakes, tsunamis and similar natural disasters. For real estate development purposes, living purposes and survival purposes. It can be well worth it to check and see if land that is being developed, lived upon or invested in is located along a fault line.