Crypto is a part of war now, like it or not

LUCKMCFLY

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Quote from: tvplus006 on March 27, 2022, 12:23:47 PM

Quote from: FMCPAY_GLOBAL on March 08, 2022, 10:55:57 PM

...Until now, we do not know whether it’s good or bad in wartime, crypto is doing what its proponents say it does - giving people a way to work outside of traditional financial institutions - and there’s no sign that will change anytime soon.

The purpose of the cryptocurrency is still to provide an opportunity to use it irreversibly without the participation of a third party. And if the cryptocurrency is used for criminal purposes for settlements, we cannot associate it with these crimes, just as it is impossible to associate the cryptocurrency with the ongoing war.

You are right, many people try to misrepresent the value of some help tools for the human being, completely forgetting that it is still much more attractive to commit crimes using FIAT money and even more so if it is cash, this is something that it cannot be erased or deleted yet, i know that some criminals use btc and cryptocurrencies to do their misdeeds, but you also have to admit that they do not fully trust this technology because they like to see their money in full, and sometimes when btc goes down of price for a criminal this technological tool is no longer reliable.

Sir Legend

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Quote from: CapGelatik on March 26, 2022, 01:40:24 AM

Quote from: ropyu1978 on March 25, 2022, 06:46:27 AM

I'm sorry, I personally think the words you use are not quite right, if you say crypto is part of the war I don't agree with your review, because Satoshi's goal of making crypto is not to help war, but to solve problems, and free us from intermediaries third person, donations given to countries affected by war are not to facilitate them to buy weapons, but to help people affected by war.

I agree with what you say because in this case crypto is not for buying weapons which is aimed at supporting war,
in this case crypto helps people affected by war and to buy necessities for war victims,
I think this is clear and hope crypto is not abused

When it is difficult to send money then crypto is the right solution, unfortunately haters always find fault and blame crypto and think it is used for illegal transactions, actually accusations of crypto being used to buy weapons have been massive since it was popular a few years ago and until now FUDs continue to occur.

DOH!

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In fact, this is not entirely true, it represents only what is supposed to be the key to the downside of geopolitics. This just proves once again how important bitcoin and crypto are in the face of the reactions the fiat wars generate. Although I don't like the concept, bitcoin is creating a real big boost to the world. This happening will bring about mandatory regulatory changes and I don't really expect.

btc_angela

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Quote from: tvplus006 on March 27, 2022, 12:23:47 PM

Quote from: FMCPAY_GLOBAL on March 08, 2022, 10:55:57 PM

...Until now, we do not know whether it’s good or bad in wartime, crypto is doing what its proponents say it does - giving people a way to work outside of traditional financial institutions - and there’s no sign that will change anytime soon.

The purpose of the cryptocurrency is still to provide an opportunity to use it irreversibly without the participation of a third party. And if the cryptocurrency is used for criminal purposes for settlements, we cannot associate it with these crimes, just as it is impossible to associate the cryptocurrency with the ongoing war.

Borderless is the keyword, just like what we have seen in the war, both countries are taking advantage of crypto, whether we like it or not, (Ukraine for donation, and then Russia, hedging their wealth or accepting bitcoin as payment for their oil).

So yeah, it could be a part of the war now, for good and bad times. But it is what it is, that's how crypto is, borderless and decentralized, it's just a matter on how you are going to take advantage of it.

MinMan

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Please don’t say that. Crypto currency is not part of war. Although we have seen a lot of crypto currency exchanges or companies and also the community rally in support of Ukraine by donating money to them to be able to fund their military during the war, but that shouldn't make you say that cryptocurrency is part of war.

Of course, the cryptocurrency community did the best thing they are meant to do, because cryptocurrency was the easiest way that we can make donation to the Ukraine government, because it is fast and the fees are very less compared to other payment methods that you are going to use. Whatever money that people are donating to their government would be received instantly. And also Bitcoin is also a good asset for people in such a situation to hold because their Fiat currency might be losing the value.

RealMalatesta

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Quote from: tvplus006 on March 27, 2022, 12:23:47 PM

Quote from: FMCPAY_GLOBAL on March 08, 2022, 10:55:57 PM

...Until now, we do not know whether it’s good or bad in wartime, crypto is doing what its proponents say it does - giving people a way to work outside of traditional financial institutions - and there’s no sign that will change anytime soon.

The purpose of the cryptocurrency is still to provide an opportunity to use it irreversibly without the participation of a third party. And if the cryptocurrency is used for criminal purposes for settlements, we cannot associate it with these crimes, just as it is impossible to associate the cryptocurrency with the ongoing war.

I so much like how the cryptocurrency community has rallied in support of Ukraine during the war. It now paints a different picture on what cryptocurrency is all about. There are lots of people who usually see cryptocurrency as a currency that is being used for illicit activities and for funding terrorism, but with what the cryptocurrency community has done now, it changes the perspective and now makes a lot of people around the world to see cryptocurrency in a way they should. And this is also going to help in adoption, so I am really happy about it. Let’s all look forward to the better days ahead.

tvplus006

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Quote from: FMCPAY_GLOBAL on March 08, 2022, 10:55:57 PM

...Until now, we do not know whether it’s good or bad in wartime, crypto is doing what its proponents say it does - giving people a way to work outside of traditional financial institutions - and there’s no sign that will change anytime soon.

The purpose of the cryptocurrency is still to provide an opportunity to use it irreversibly without the participation of a third party. And if the cryptocurrency is used for criminal purposes for settlements, we cannot associate it with these crimes, just as it is impossible to associate the cryptocurrency with the ongoing war.

Tahsin Kabir Kollol

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Overall, this reflects the fact that cryptocurrency is universally accepted and reflects the various weaknesses of the current economy. Several cryptocurrencies, including Bitcoin, are widely used today and many are conducting various types of business and transactions through them. As a result, it is slowly being transformed into an acceptable exchange for all, and in the present war, we are seeing its true form. Since cryptocurrency is decentralized in most cases, there are no restrictions on transactions through it. Different types of sanctions on both sides, the use of cryptocurrency has been considered as a valid answer to me against the unjust ban.

redsun114

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Quote from: Lubcub62 on March 26, 2022, 02:44:33 AM

calling it CRYPTO WAR I don't think it fits at all.

Crypto value is the same as physical money. whether the injection of funds in the form of physical money with the aim of helping people in war-torn countries to use as they please. it could be called a MONEY WAR. I do not think so.

Sorry if I misunderstood the meaning of this article. i just felt bad when i read the word crypro war first. because it can have a NEGATIVE impact on crypto.

Cryptos value are measured using physical money but they don't have the same value. Cryptos are more valuable because mostly their supply are limited. It could be that they injected some physical money and converted it to crypto because it's not possible to receive the physical money directly on war affected countries. That wasn't bad because they are only doing it for a good cause and not to pump the cryptos or what.

Whatever the OP terms this or title his thread, it doesn't affect the crypto market totally because for those that can get curious, they will always read the article to find out the truth and will say that their first impression was wrong.

Wong Gendheng

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I think Crypto is an innovation that aims to simplify the transaction system, when we are blocked with a conventional payment system that takes a long time and is difficult to use globally, the presence of Crypto is the best solution to facilitate transactions, of course when Crypto is increasingly popular, there will be a lot of resistance from the central bank Because of worrying the decentralization system can disrupt the national economy.

Lubcub62

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calling it CRYPTO WAR I don't think it fits at all.

Crypto value is the same as physical money. whether the injection of funds in the form of physical money with the aim of helping people in war-torn countries to use as they please. it could be called a MONEY WAR. I do not think so.

Sorry if I misunderstood the meaning of this article. i just felt bad when i read the word crypro war first. because it can have a NEGATIVE impact on crypto.

henmark

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The "like it or not" part is very important, some people do not want crypto to be in the center of attention this way, both Ukraine and Russia uses it for their benefit and people are worried about it. Honestly, it could be donations to Ukraine, or loophole around sanctions for Russia, in the end if people are using crypto then it is a good thing, doesn't matter what they are using it for.

If Ukraine is saved thanks to crypto, then it is a good thing and shows how crypto could be used for good, if Russian oligarchs which you and I could hate, uses crypto to go around the governmental overreach, then it also shows the benefits of crypto as well.

so98nn

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Quote from: traderethereum on March 26, 2022, 01:53:19 AM

Quote from: ropyu1978 on March 25, 2022, 06:46:27 AM

I'm sorry, I personally think the words you use are not quite right, if you say crypto is part of the war I don't agree with your review, because Satoshi's goal of making crypto is not to help war, but to solve problems, and free us from intermediaries third person, donations given to countries affected by war are not to facilitate them to buy weapons, but to help people affected by war.

Yes, that's correct. Crypto is not related to war and crypto is just a tool like a fiat.
Whether those who wage war use crypto to buy weapons of war, it is up to them as they decide what to pay in and in what form, fiat or crypto.
If people want to donate as donations to war victims, they are also free to use crypto or fiat.
That will not be a problem either because having a crypto channel as a donation opens up opportunities to get help from many people.
We have to know that crypto is a tool we can use for transactions.

I dont think this is topic of argument since its entirely based on peeps choices and stuff. We are just over excited here because we are the community of crypto lovers and thats why our estimations go beyond the imagination if there is even small update regarding the crypto world. I think its entirely fine if OP is stating this out of the love towards crypto. There is nothing wrong as we can see crypto is actually part of it because the donations are being made in the crypto. Plus the news is already floating that Ukrianian president Zelensky has made it clear that they will start accepting the crypto currencies from now and onwards. This will help rebuild them the city which is into dusts and rocks now. Its real smart move towards the crypto and so in conclusion its more or less part of war.

traderethereum

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Quote from: ropyu1978 on March 25, 2022, 06:46:27 AM

I'm sorry, I personally think the words you use are not quite right, if you say crypto is part of the war I don't agree with your review, because Satoshi's goal of making crypto is not to help war, but to solve problems, and free us from intermediaries third person, donations given to countries affected by war are not to facilitate them to buy weapons, but to help people affected by war.

Yes, that's correct. Crypto is not related to war and crypto is just a tool like a fiat.
Whether those who wage war use crypto to buy weapons of war, it is up to them as they decide what to pay in and in what form, fiat or crypto.
If people want to donate as donations to war victims, they are also free to use crypto or fiat.
That will not be a problem either because having a crypto channel as a donation opens up opportunities to get help from many people.
We have to know that crypto is a tool we can use for transactions.

CapGelatik

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Quote from: ropyu1978 on March 25, 2022, 06:46:27 AM

I'm sorry, I personally think the words you use are not quite right, if you say crypto is part of the war I don't agree with your review, because Satoshi's goal of making crypto is not to help war, but to solve problems, and free us from intermediaries third person, donations given to countries affected by war are not to facilitate them to buy weapons, but to help people affected by war.

I agree with what you say because in this case crypto is not for buying weapons which is aimed at supporting war,
in this case crypto helps people affected by war and to buy necessities for war victims,
I think this is clear and hope crypto is not abused

Uang_kartal

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Quote from: horrifiedx1 on March 26, 2022, 01:25:04 AM

here is clearly seen the need for cryptocurrencies, which because of the situation of urgency and crypto provide solutions to meet the needs during the war. especially for Russia where swift is prohibited, resulting in them being unable to transact. but with cryptocurrencies, of course they can transfer to other countries, or even use in the country. plus for tourists in other countries, of course it will be helpful to use bitcoin

I agree with you, how much damage has happened there, the supply of necessities is running low and the difficulty of daily activities in Ukraine, this is sad, maybe there will be confusion, the house is a shelter, I don't know the latest news about the current condition of Ukraine. all activities are blocked such as ukraine, internet network for any financial transactions if experiencing obstacles it is very difficult for me, and makes me impatient for physical access (offices / financial facilities) I can't imagine how difficult it is there just for his personal needs, and survive
indeed crypro curency is very flexible, practical and private. if you use physical assets it will be very dangerous especially when it is not conducive. crypto curency is a good choice

horrifiedx1

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Quote from: LUCKMCFLY on March 25, 2022, 06:57:57 PM

Quote from: Flexystar on March 20, 2022, 11:44:55 PM

It has become the easiest escape pod for the ukrainian and russian people as the situation plummet in the both countries. On one side Ukraine, where everything is damaged at worst way possible, the banks are broken, buildings are bruised and smashed, people becoming homeless, they will definitely choose the Crypto currencies to safe guard whatever they have left with!

On the second side where Russia is considered, Putin is pulling heavy restrictions on his own people and thus they are already against his decisions. The banks are ot allowed to dispense the whatever cash thats needed by people of Russia. So yep, why not switch to the Crypto currencies?

In addition to this, if crypto wouldnt have been here then, it would have be golds and diamonds.

Well in a war when it comes to money anything they do to survive is valid, on the one hand Ukraine is resisting many Russian attacks, and I think that by having the Internet that Elon Musk is providing them they can easily make use of BTC and enjoy its benefits to acquire goods and services, especially for the most basic such as food and having money for any health eventuality, I think this is a phenomenal way out, and for the Russians too, despite the fact that they have incredible sanctions , I think that one way out is to operate with crypto, BTC is the best option, so it is key that BTC is in the war.

here is clearly seen the need for cryptocurrencies, which because of the situation of urgency and crypto provide solutions to meet the needs during the war. especially for Russia where swift is prohibited, resulting in them being unable to transact. but with cryptocurrencies, of course they can transfer to other countries, or even use in the country. plus for tourists in other countries, of course it will be helpful to use bitcoin

LUCKMCFLY

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Quote from: Flexystar on March 20, 2022, 11:44:55 PM

It has become the easiest escape pod for the ukrainian and russian people as the situation plummet in the both countries. On one side Ukraine, where everything is damaged at worst way possible, the banks are broken, buildings are bruised and smashed, people becoming homeless, they will definitely choose the Crypto currencies to safe guard whatever they have left with!

On the second side where Russia is considered, Putin is pulling heavy restrictions on his own people and thus they are already against his decisions. The banks are ot allowed to dispense the whatever cash thats needed by people of Russia. So yep, why not switch to the Crypto currencies?

In addition to this, if crypto wouldnt have been here then, it would have be golds and diamonds.

Well in a war when it comes to money anything they do to survive is valid, on the one hand Ukraine is resisting many Russian attacks, and I think that by having the Internet that Elon Musk is providing them they can easily make use of BTC and enjoy its benefits to acquire goods and services, especially for the most basic such as food and having money for any health eventuality, I think this is a phenomenal way out, and for the Russians too, despite the fact that they have incredible sanctions , I think that one way out is to operate with crypto, BTC is the best option, so it is key that BTC is in the war.

jostorres

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Quote from: yawars20 on March 24, 2022, 09:52:21 AM

In every conflict money plays very important role as those who have more sources can endure more struggles and crisis during war.
And from WWI one way or another, Money was playing important role. At that time It was provided by a group of strong peoples with lot of influences and wealth and later they stablish banking system ll over the to control they whole money chain.
Now In the modern world things are working differently nd With addition of Crypto Currency, It become lot more easier and secure to get aid from anywhere.
In recent event we already saw how different countries react after Russia Ukraine conflict started and then many Banks of Russia was blacklisted, But still Russia gaining support through Crypto transaction from all over the world.

It could be used for both, doesn't need to pick a side. It could be used to help Russians to get their money out, which is a good way for the Russians to use it, and avoid sanctions. It could also be used to donate to Ukraine so that they could defend their nations with better military power as well. Doesn't mean that crypto needs to pick a side, in its core crypto is decentralized and that is why it matters.

Of course we are talking about exchanges and many other things that are centralized and that would matter a lot, if we are talking about coinbase not allowing Russians to do business, that is not fault of crypto, its fault of coinbase.

ropyu1978

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I'm sorry, I personally think the words you use are not quite right, if you say crypto is part of the war I don't agree with your review, because Satoshi's goal of making crypto is not to help war, but to solve problems, and free us from intermediaries third person, donations given to countries affected by war are not to facilitate them to buy weapons, but to help people affected by war.

Topic: Crypto is a part of war now, like it or not (Read 594 times)