Topic: Crypto is a part of war now, like it or not - page 2. (Read 594 times)
I think the opposite, Crypto is worthy of being unified, even when Russia and Ukraine are war, the government declares accepting and legalizing Bitcoin, especially the decentralized system that does not control it is free to buy and sell Crypto in the market. And now it is proven that Crypto has more benefits even when war occurs.
I have two plausible reasons for cryptocurrencies not being part of the war.
1. Cryptocurrency is currency, it can be used as charity
2. Contributor/ Donors can donate at will anonymously even if it is intended to finance war.
The two reasons above should be able to answer why bitcoin or cryptocurrency has the same multifunction as fiat. It wasn't part of war, but it was as useful as currency regardless of whether a country was at war or not. People can easily help anyone with cryptocurrencies, it's not limited to just countries that are at war.
1. Cryptocurrency is currency, it can be used as charity
2. Contributor/ Donors can donate at will anonymously even if it is intended to finance war.
The two reasons above should be able to answer why bitcoin or cryptocurrency has the same multifunction as fiat. It wasn't part of war, but it was as useful as currency regardless of whether a country was at war or not. People can easily help anyone with cryptocurrencies, it's not limited to just countries that are at war.
from the beginning crypto became controversial for many countries, but as long as there was a war when fiat could no longer be used, crypto became an alternative means of payment. Moreover, the swift ban that occurred, for Russian citizens for example, if they travel abroad and their bank is inaccessible, then at least with crypto they can do more, so as not to make them suffer more because of money
That controversy came from mainly the initial usage of crypto. Back in the day we had silk road and crypto was used there, people bought and sold drugs there and there was a stigma around it. This caused many people to learn that about bitcoin for the first time, and then it was a bit harder to crack that and start from the zero and teach them how bitcoin is not a drug money, it is an investment and a currency.Nowadays, it is easier but politicians are famously slow when they do not want to do something or lobbying doesn't really impact them enough. I am not saying that governments won't make it legal and free, most did, but it will take some time for it to be general rule of thumb.
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.
So your saying that Crypto is part of the war is correct in this sense and helping either gaining more power for Russia or can be used to get aid for Ukraine too.
Crypto and bitcoin are currencies now and both countries (Ukraine and Russia) already recognize that...So your saying that Crypto is part of the war is correct in this sense and helping either gaining more power for Russia or can be used to get aid for Ukraine too.
because they already recognize bitcoin as a currency then I can not say that your sentence is wrong, because "money" is always a part of the war. only a country that has a lot of money and also a sufficient supply of food can survive the war.
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.
So your saying that Crypto is part of the war is correct in this sense and helping either gaining more power for Russia or can be used to get aid for Ukraine too.
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.
So your saying that Crypto is part of the war is correct in this sense and helping either gaining more power for Russia or can be used to get aid for Ukraine too.
...The cryptocurrency exchange FTX, for instance, has given the equivalent of $25 to every Ukrainian user on its platform to use as they please, according to its CEO Sam Bankman-Fried...
In addition, the FTX cryptocurrency exchange has undertaken to carry out the conversion of cryptocurrencies received on the official wallets of the government of Ukraine, with the subsequent transfer of fiat to the National bank of Ukraine. "This marks the first-ever instance of a cryptocurrency exchange directly cooperating with a public financial entity" - https://donate.thedigital.gov.ua/
I do think it's kind of incredible that Crypto is playing such an important positive role in getting humanitarian aid to the people suffering from the war.
Hearing that over 120 million has been donated to the cause is a testament to not only generosity of people all around the world but shows what an amazingly effective system of dispatching value cryptocurrency can be.
It really touches me to hear this news because it shows how much good we can do as a human race when we have the technology.
The phenomenon is definitely a new thing for wars but I suspect it will certainly play a role in any future wars as well.
Hearing that over 120 million has been donated to the cause is a testament to not only generosity of people all around the world but shows what an amazingly effective system of dispatching value cryptocurrency can be.
It really touches me to hear this news because it shows how much good we can do as a human race when we have the technology.
The phenomenon is definitely a new thing for wars but I suspect it will certainly play a role in any future wars as well.
Cryptocurrency has both positive and negative aspects. But of course it can be used to help people. The most important thing is to give it to good hands, to people who spend money not for their own benefit, not for the purchase of weapons, but for food and necessary things for poor people.
life always provides positive and negative things, both cannot be separated....but today's crypto shows more positive things. we don't know what will happen in the future but conflict countries must immediately make Bitcoin a currency so that when donations come, citizens can use the donations in the form of bitcoins to buy food or other basic needs. I agree that there will always be positive and negative things in our lives, so how do we respond to them. Crypto will be positive if we use it
for positive things, and vice versa crypto will be negative if we use it for negative things. That is the reality, therefore we must make wise decisions
when using crypto. We can't stop people from using crypto for negative things, as crypto is sometimes used to buy weapons for war. What we can
do is show people around us that we are using crypto for positive things, such as giving Bitcoin donations to victims of the Russian and Ukrainian wars.
So at least it can provide a good example to others that it is better to use crypto for positive things. If more and more people use crypto for positive
things, it will indirectly make crypto look good in the eyes of many people.
Cryptocurrency has both positive and negative aspects. But of course it can be used to help people. The most important thing is to give it to good hands, to people who spend money not for their own benefit, not for the purchase of weapons, but for food and necessary things for poor people.
life always provides positive and negative things, both cannot be separated....but today's crypto shows more positive things. we don't know what will happen in the future but conflict countries must immediately make Bitcoin a currency so that when donations come, citizens can use the donations in the form of bitcoins to buy food or other basic needs. Cryptocurrency has both positive and negative aspects. But of course it can be used to help people. The most important thing is to give it to good hands, to people who spend money not for their own benefit, not for the purchase of weapons, but for food and necessary things for poor people. Now there are a lot of scammers and sites where you can lose your money.I don't want to take risks and will only give money to people I know personally.
Positive outweighs its negative thats why community does really support it that much which is evident or simply obvious because if it does really have that negative in deep manner then it wont reallybe going this far but we are seeing the opposite.As for claiming or tending to attach Bitcoin to be part of the war or simply overall crypto then i dont see for it to be that right because
it is really just usual or normal for currency to be used just like fiat since transferring is just easy as breeze then it would be just common sense that people would really be using it instead
plus that anonymity factor.
Cryptocurrency has both positive and negative aspects. But of course it can be used to help people. The most important thing is to give it to good hands, to people who spend money not for their own benefit, not for the purchase of weapons, but for food and necessary things for poor people. Now there are a lot of scammers and sites where you can lose your money.I don't want to take risks and will only give money to people I know personally.
it’s also hard to know which projects are actually going to help people in Ukraine and which ones are just money grabs by opportunists.
There will always be people that will use the war and the donation thing only to take advantage of their own but it can be possible to detect. usually if we have seen lots of identical projects, most of them are just scamming. We need to verify if the project is backed by reputable people. That is the only way to make sure that the purpose of the project is to help the people in ukraine and not to help the developer of the project to get rich.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.
It's a good thing if they consider crypto during this times and the more we like it if it will remain this way for such a long time. I don't know about you why are you worrying? we already identify that wars don't have negative effects in crypto. What the heck is a crypto war? Doesn't make any sense op. Crypto is just another type of money like FIAT, gold etc. Money is required to finance wars which is why some of these payment systems will obviously be utilised.
Crypto is definitely being used in the current Russia-Ukraine War though it still pales when compared to FIAT usage. BTC is the favoured cryptocurrency followed by some popular altcoins.
Crypto being used in wars in this manner is both good and bad just like the usage of other payment systems.
Crypto is definitely being used in the current Russia-Ukraine War though it still pales when compared to FIAT usage. BTC is the favoured cryptocurrency followed by some popular altcoins.
Crypto being used in wars in this manner is both good and bad just like the usage of other payment systems.
That's right, War doesn't always focus on crypto/BTC, in the end the funds that will be used are cash or fiat money for war activities. In my opinion, BTC is only their choice of payment system, which they will later convert to fiat money for war activities or other things. Donations, cryptocurrencies that are collected and donated will also be converted into fiat currency which will be used for donation needs. Crypto is clearly the choice of transactions to process safely and quickly large amounts of funds.
Crypto is not part of War and wasn't meant for war, it was developed to liberate people and that's exactly what it's doing best right now. For instance, Bitcoin is permissionless and holding it helps you make payment without seeking anyone or authority to facilitate your transaction and support borderless payment. Now, compare it with to Banks, will bank allow you to sent money to Ukraine knowing that you are doing it to support Ukraine, your governments may disapprove it at instants and let's say they even approve it, it will take days before that payment will get to Ukraine, this is where Bitcoin(cryptocurrency) saves people and not fuel for war.
Sometimes we focus so much on war that if we talk about crypto then it gets connected and becomes part of the war,actually with this crypto will facilitate and will help many people in Ukraine,
we have to see this in a broad spectrum don't limit it
Crypto is not part of War and wasn't meant for war, it was developed to liberate people and that's exactly what it's doing best right now. For instance, Bitcoin is permissionless and holding it helps you make payment without seeking anyone or authority to facilitate your transaction and support borderless payment. Now, compare it with to Banks, will bank allow you to sent money to Ukraine knowing that you are doing it to support Ukraine, your governments may disapprove it at instants and let's say they even approve it, it will take days before that payment will get to Ukraine, this is where Bitcoin(cryptocurrency) saves people and not fuel for war.
Sometimes we focus so much on war that if we talk about crypto then it gets connected and becomes part of the war,actually with this crypto will facilitate and will help many people in Ukraine,
we have to see this in a broad spectrum don't limit it
What the heck is a crypto war? Doesn't make any sense op. Crypto is just another type of money like FIAT, gold etc. Money is required to finance wars which is why some of these payment systems will obviously be utilised.
Crypto is definitely being used in the current Russia-Ukraine War though it still pales when compared to FIAT usage. BTC is the favoured cryptocurrency followed by some popular altcoins.
Crypto being used in wars in this manner is both good and bad just like the usage of other payment systems.
Crypto is definitely being used in the current Russia-Ukraine War though it still pales when compared to FIAT usage. BTC is the favoured cryptocurrency followed by some popular altcoins.
Crypto being used in wars in this manner is both good and bad just like the usage of other payment systems.
This isn't a crypto war. This time the digital attacks were found more powerful than the weapon attacks. For this reason we can't term it a crypto war. Different way of digital attacks were made.
Most recent one being the popular hacking team anonymous breached local TV network and the real face of Putin and the sufferings of people and soldiers. With this breach the misinformation that has been spread around by the Russian government have come to end. By the time it keeps hacking organization websites and have been collecting funds to support Russians who were against the war.
Most recent one being the popular hacking team anonymous breached local TV network and the real face of Putin and the sufferings of people and soldiers. With this breach the misinformation that has been spread around by the Russian government have come to end. By the time it keeps hacking organization websites and have been collecting funds to support Russians who were against the war.
Quote
After the war began, the group breached over 300 Russian targets and collected about RUB 1 billion.
TV Network Breach
TV Network Breach
Crypto is not part of War and wasn't meant for war, it was developed to liberate people and that's exactly what it's doing best right now. For instance, Bitcoin is permissionless and holding it helps you make payment without seeking anyone or authority to facilitate your transaction and support borderless payment. Now, compare it with to Banks, will bank allow you to sent money to Ukraine knowing that you are doing it to support Ukraine, your governments may disapprove it at instants and let's say they even approve it, it will take days before that payment will get to Ukraine, this is where Bitcoin(cryptocurrency) saves people and not fuel for war.
In the midst of such conditions where financial access is also disrupted, I think crypto is an alternative and that is a positive thing,
moreover we will not know this war will end until when it will certainly make Ukrainian civilians difficult in any way,
hope this war can end soon and follow the latest news
Crypto was created literally for this purpose. During the 2008 creation process, people had a problem in Cyprus. I do not remember what it was, it is a lovely island, but had some big economical problems. People had their money stuck in their banks and couldn't move it freely and basically the nation took control of the money transactions and you had to get access to it with their allowance.moreover we will not know this war will end until when it will certainly make Ukrainian civilians difficult in any way,
hope this war can end soon and follow the latest news
Obviously as soon as crypto was created, it was forwarded to them and they realized they could take their money out completely without being worried about it. That was the key to its initial success, helping people get away from dictatorial control over their money. Works after more than 10 years the same way.
If ever Bitcoin wasnt here then fiat would be still on that particular role as always although there would be some problems that lies ahead but still couldn't be stopped in talking about funding
etc. but now we do have even more that fast and cant be interrupted and anonymous which it do really suit and fits out for this situation.
In the midst of such conditions where financial access is also disrupted, I think crypto is an alternative and that is a positive thing,
moreover we will not know this war will end until when it will certainly make Ukrainian civilians difficult in any way,
hope this war can end soon and follow the latest news
Crypto was created literally for this purpose. During the 2008 creation process, people had a problem in Cyprus. I do not remember what it was, it is a lovely island, but had some big economical problems. People had their money stuck in their banks and couldn't move it freely and basically the nation took control of the money transactions and you had to get access to it with their allowance.moreover we will not know this war will end until when it will certainly make Ukrainian civilians difficult in any way,
hope this war can end soon and follow the latest news
Obviously as soon as crypto was created, it was forwarded to them and they realized they could take their money out completely without being worried about it. That was the key to its initial success, helping people get away from dictatorial control over their money. Works after more than 10 years the same way.
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