Crypto is a part of war now, like it or not - page 3.

monineklutak

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Quote from: AmoreJaz on March 20, 2022, 05:34:53 PM

Quote from: cheezcarls on March 20, 2022, 08:18:28 AM

Quote from: KennyR on March 08, 2022, 11:51:33 PM

Crypto War doesn't suits, because Crypto is having its role and this is getting done without flaws. Through this war the real purpose for which Satoshi innovated the technology have got fulfilled. Individuals and organisations that are always thinking about the negative part of cryptocurrencies have known about its positive side.

After various sanctions on Russia, it is possible to make use of cryptocurrency just because of the decentralised system. Now countries are urging bitcoin exchanges to block cryptocurrency usage by Russians.

Unfortunately some exchanges like Binance and Coinbase are refusing to block ordinary and innocent Russians from using their platform (but it may be updated from time to time if the West would decide for exchanges to have consequences if not complying to their requests or so).

If they transact from one non-custodial wallet to the other, and if any store or business in Russia is accepting crypto instead of Rubles, there’s no way that they can be blocked for doing so.

well, we will see the good and bad repercussions of this war to crypto. but i will be more on the positive side like for example, crypto are now legal in ukraine. they have seen the importance of crypto during this war. as they received hundred of millions of dollars and counting via crypto donations, they understand that getting on board with crypto market will give them the benefits during this war situation. physical financial institutions are destroyed and struggling. so for now, one easier option is to go crypto as they rehabilitate their financial system and the war is not yet on its end.

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

mindrust

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

The cryptocurrency exchange FTX, for instance, has given the equivalent of $25 to every Ukrainian user on its platform to use as they please,

This has nothing to do with crypto. A bank could do the same thing.

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

One of the co-founders of the Russian protest band Pussy Riot, Nadya Tolokonnikova, has organized a fundraising effort to sell 10,000 NFTs of the Ukrainian flag. Vitalik Buterin, the Russian-born founder of Ethereum, has encouraged people to donate to humanitarian efforts in the country with crypto.

Cuts both ways. UA benefits from crypto just like Russia uses it to evade sanctions of collect donations.

I don't think crypto is taking sides. Maybe some exchanges and some shitcoin CEO's do and nobody cares.

Flexystar

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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.

bhooscream

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

There are crypto proponents who have rallied in support of Ukraine and tried to find a role for crypto.

Not all people who have cryptocurrencies are a part of Ukraine supporters. Only some people are trying to support Ukraine by collecting funds through cryptocurrencies. There is no problem with this, collecting funds in crypto is okay, especially for humanity purposes. But note that it is only one of the ways for donating funds to Ukraine. Don't think Ukraine only rely on crypto to get donations. So, you cannot think that those people trying to get a role for crypto.

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

Thanks to that, Russia’s invasion of Ukraine can be called “the world’s first crypto war.”

LOL. How can? Russia and Ukraine don't war for crypto. Grin

AmoreJaz

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Quote from: cheezcarls on March 20, 2022, 08:18:28 AM

Quote from: KennyR on March 08, 2022, 11:51:33 PM

Crypto War doesn't suits, because Crypto is having its role and this is getting done without flaws. Through this war the real purpose for which Satoshi innovated the technology have got fulfilled. Individuals and organisations that are always thinking about the negative part of cryptocurrencies have known about its positive side.

After various sanctions on Russia, it is possible to make use of cryptocurrency just because of the decentralised system. Now countries are urging bitcoin exchanges to block cryptocurrency usage by Russians.

Unfortunately some exchanges like Binance and Coinbase are refusing to block ordinary and innocent Russians from using their platform (but it may be updated from time to time if the West would decide for exchanges to have consequences if not complying to their requests or so).

If they transact from one non-custodial wallet to the other, and if any store or business in Russia is accepting crypto instead of Rubles, there’s no way that they can be blocked for doing so.

well, we will see the good and bad repercussions of this war to crypto. but i will be more on the positive side like for example, crypto are now legal in ukraine. they have seen the importance of crypto during this war. as they received hundred of millions of dollars and counting via crypto donations, they understand that getting on board with crypto market will give them the benefits during this war situation. physical financial institutions are destroyed and struggling. so for now, one easier option is to go crypto as they rehabilitate their financial system and the war is not yet on its end.

cheezcarls

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Quote from: KennyR on March 08, 2022, 11:51:33 PM

Crypto War doesn't suits, because Crypto is having its role and this is getting done without flaws. Through this war the real purpose for which Satoshi innovated the technology have got fulfilled. Individuals and organisations that are always thinking about the negative part of cryptocurrencies have known about its positive side.

After various sanctions on Russia, it is possible to make use of cryptocurrency just because of the decentralised system. Now countries are urging bitcoin exchanges to block cryptocurrency usage by Russians.

Unfortunately some exchanges like Binance and Coinbase are refusing to block ordinary and innocent Russians from using their platform (but it may be updated from time to time if the West would decide for exchanges to have consequences if not complying to their requests or so).

If they transact from one non-custodial wallet to the other, and if any store or business in Russia is accepting crypto instead of Rubles, there’s no way that they can be blocked for doing so.

The Sceptical Chymist

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Quote from: mk4 on March 08, 2022, 11:08:23 PM

But calling it “the world’s first crypto war" is just some clickbait over-exaggeration BS.

It speaks volumes that the first reply to OP's post was that statement--and that's precisely what I was thinking, in addition to all of OP's claims and all those crypto things being done in the name of Ukraine being opportunistic at best. I find the hard sell for using crypto in the face of extreme suffering to be in very poor taste.

I don't know if "crypto is part of war now" or not--or even if it's an important point if true--but I do see the value of having a form of money that's outside the control of any government or bank. And I'd say the more private the better.

cabron

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Quote from: Gyfts on March 19, 2022, 09:27:10 PM

Quote from: avikz on March 09, 2022, 06:11:05 AM

Lol! No! Crypto has literally nothing to do with the Russia - Ukraine conflict. Just like any other good community, the crypto community is doing their part to help affectes people. That's it!

World's first crypto war - is completely unrelated and makes no sense at all! It's a war to maintain Russia's sovereignty against the NATO and US aggression. Ukraine has now announced that they will not join NATO. Hopefully the war situation will now normalize.

Of course the war doesn't have anything directly to do with crypto. The point is that crypto fills the void when a government is unable sustain the currency. Russia is crippled by sanctions and their government doesn't have control over their economy anymore. What happens when the currency becomes worthless? People switch to crypto. Also the overuse of sanctions by the U.S. government incentivizes countries to do commerce with crypto instead of USD. If the U.S. government can freeze assets on a whim, doesn't make for good business if you have billions of dollars in USD reserves.

Russia's economy is working with countries like Saudi, India, and China using YUAN. Economists already saying the end of USD is coming. It's not true what they are saying on TV, Russia is winning and might even take the Ukraine economy with them while the rest of the world goes cold and hungry. Biden won't be asking China to not trade with Russia if Russia's economy is dwindling. Countries continue to trade with Russia and are not afraid of Biden's sanctions because that's what they can only do.

Now that there is crypto, countries that are oppressed by the US government are not afraid anymore like the Latin countries. Crypto becomes a tool.

Gyfts

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Quote from: avikz on March 09, 2022, 06:11:05 AM

Lol! No! Crypto has literally nothing to do with the Russia - Ukraine conflict. Just like any other good community, the crypto community is doing their part to help affectes people. That's it!

World's first crypto war - is completely unrelated and makes no sense at all! It's a war to maintain Russia's sovereignty against the NATO and US aggression. Ukraine has now announced that they will not join NATO. Hopefully the war situation will now normalize.

Of course the war doesn't have anything directly to do with crypto. The point is that crypto fills the void when a government is unable sustain the currency. Russia is crippled by sanctions and their government doesn't have control over their economy anymore. What happens when the currency becomes worthless? People switch to crypto. Also the overuse of sanctions by the U.S. government incentivizes countries to do commerce with crypto instead of USD. If the U.S. government can freeze assets on a whim, doesn't make for good business if you have billions of dollars in USD reserves.

Uang_kartal

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I've read the news, it's a fairly large flow for Russia as a form of funding for aggression, especially cryptocurrencies, I think it's not good enough to be called the aggression that occurred and the effects of several exchanges that were reported on, I agree with other friends, this is too disturbing. people are curious about the news that got out, and they cover it only because of the commercial factor of all the curious interest. the anonymity should have nothing to do with this physical act,
either an individual or a group of users he is just a connoisseur of bitcoin and has nothing to do with it. crypto or any currency is the value of the medium of exchange in terms of winning or losing in a bubble/price volatility on any exchange. I admit there are some great people in crypto who were born from russia or even live there they know what they are going through and the attitude they can take

LUCKMCFLY

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The way that BTC can contribute to the almost worldwide conflict is that it is obvious that the money has to be managed in some way, after the sanctions against Russia it is evident that they need to get out of it at all costs, so I am sure that many Russians are using the BTC to send and receive money, is the only way they have to bypass the prohibitions, prohibitions and sanctions that only affect the people of Russia and not the government, this is what causes annoyance, they never touch the big ones, always people who have nothing to do with it and suffer all the consequences, most of whom are innocent, suffer the consequences.

verita1

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I could say that Bitcoin is being used to help a country suffering from the horrors of war. When every minute counts for how valuable it is to make a decision where saving lives and resisting is a priority.
Bitcoin has provided its contribution by being a means of helping to raise funds, Ukrainian civilians need help to live in their country while the attacks cease. As the war progresses, better resistance strategies are observed, there are constant conversations with world leaders in order to reach peace.

ReiMomo

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Quote from: ?? on ??

The presence of cryptocurrencies during war is of course a good thing, when many other countries find it difficult to send money then with cryptocurrencies everything becomes easier, of course the anonymous factor becomes very important because it keeps the sender's privacy awake.

The war has been there between govts and bitcoin since Bitcoin started booming. Even the fight has been there from share market as people from share market were moving to crypto and investing more in it. Plus, especially the banks. Banks were very much worried about their growth fall since crypto came into the market. We can see more number of investors getting into crypto and investing more into it.

teosanru

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

There are crypto proponents who have rallied in support of Ukraine and tried to find a role for crypto. Thanks to that, Russia’s invasion of Ukraine can be called “the world’s first crypto war.”

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. One of the co-founders of the Russian protest band Pussy Riot, Nadya Tolokonnikova, has organized a fundraising effort to sell 10,000 NFTs of the Ukrainian flag. Vitalik Buterin, the Russian-born founder of Ethereum, has encouraged people to donate to humanitarian efforts in the country with crypto.

Of course, some of crypto boosters’ efforts to inject the digital assets into a war effort have been a little cringeworthy. It doesn’t really help for a bored ape NFT person to express solidarity with Ukraine. Given the scamminess of parts of the space, 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.

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.

(Via vox.com)

This definitely isn't a crypto war, you might say that crypto space is using its asset to support the war, but more or less the support has just been on one side, I think crypto is something that can never spark a war amongst countries, in fact, cryptos can be the reason why countries can get united in order to save their fiat. Talking about scammers they are going to exist in every world and every scenario, they are never going to go away. But here I feel really bad for the common folks, on both the sides, I am sure even the Russians don't want the war, but have to suffer unnecessary sanctions and burdens.

kryptqnick

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Given that there has been a while since the last time a country invaded another country in a way Russia invaded Ukraine, I think it's right to say that the current war is the first major war since BTC creation, and it's also a war where cryptos indeed became very relevant, as both Ukraine gathers crypto donations (the government and the biggest foundation of helping the military effort), and crypto exchanges are also reacting to what's going on and trying to impose their sanctions on Russia and/or fundraise for solving humanitarian issues in Ukraine. Speaking of humanitarian issues, I must say I understand why so many would rather donate to such causes than to the military directly, but it's not doing much under current conditions. Ukraine has food, water and medicine ready to go to places where humanitarian situation is dire, but Russians fire at the corridors, block the convoys and prevent the aid reaching those who need it as much as they can. So helping the armed forces is arguably a more efficient way of helping civilians because transporting humanitarian aid in the key issue, and with fewer Russian military, it can be distributed faster.

hatshepsut93

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If you live in one of the countries that is allied with Ukraine, you can already support Ukraine financially without much obstacles. What crypto offers is the ability to help Ukraine from anywhere, even from Russia where doing so will get you imprisoned for 15 years. And second, using crypto allows sending money much faster and having a much wider choice of recipients than more official channels.

LUCKMCFLY

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I have understood that President Biden has been in talks with the main crypto exchanges to be able to do a massive block, I think they will be 50% successful, because the other depends on decentralized exchanges and especially Binance, and since Binance has roots of China I don't think it will be very successful, it is natural that it wants to attack any way to remove economic support, but the fact is that crypto was created to give freedom and not to lock people up and less with a kind of "corral", It is something that has no place here, I think that crypto will be the protagonist every day more.

robattfield

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Quote from: lixer on March 10, 2022, 04:44:52 PM

Quote from: robattfield on March 10, 2022, 03:09:25 AM

We can look for the benefits and harms that it helps and solve the problems of war. Cryptocurrencies make it easier and faster to donate and support military operations than ever before. Therefore, it is also at risk of being taken advantage of, becoming a tool for sponsoring violence and creating conflict. The fact that people, even governments of some countries, use cryptocurrencies as a channel to mobilize resources for conflicts is a problem in the same way that the Internet is dragged into war.

The same logic applied when people all around the world supported terrorist organizations. Ukraine has a donation with crypto option, but scary enough that ISIS also had the thing. Which means that someone in the USA, in UK, in Europe, in china or in anywhere really could end up sending bitcoins to ISIS as well. That is the scary part of crypto, there is a decentralization going on that you can't stop and we like, which results with bad people getting money to do bad things as well.

You may not agree that darnket or silk road type of places are bad, but along with all the "I just bought some weed" type of liberty related stuff, we also had "I paid someone to kill a guy and paid in bitcoin" in there as well. This is why even though crypto should be decentralized, the way we use crypto should be regulated, that way governments can't do anything TO bitcoin, but they can do it to people.

Yep, it's clearly made for whatever purpose we're looking for. Almost any element has good and bad qualities. How it will be chosen depends on who controls it. So I always have a neutral view, but if everyone has good thoughts and loves each other more, the surrounding issues that we discuss are meaningless.

We all don't want war to happen, but according to some conspiracy theories, it is the beginning of a better world.

lixer

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Quote from: robattfield on March 10, 2022, 03:09:25 AM

We can look for the benefits and harms that it helps and solve the problems of war. Cryptocurrencies make it easier and faster to donate and support military operations than ever before. Therefore, it is also at risk of being taken advantage of, becoming a tool for sponsoring violence and creating conflict. The fact that people, even governments of some countries, use cryptocurrencies as a channel to mobilize resources for conflicts is a problem in the same way that the Internet is dragged into war.

The same logic applied when people all around the world supported terrorist organizations. Ukraine has a donation with crypto option, but scary enough that ISIS also had the thing. Which means that someone in the USA, in UK, in Europe, in china or in anywhere really could end up sending bitcoins to ISIS as well. That is the scary part of crypto, there is a decentralization going on that you can't stop and we like, which results with bad people getting money to do bad things as well.

You may not agree that darnket or silk road type of places are bad, but along with all the "I just bought some weed" type of liberty related stuff, we also had "I paid someone to kill a guy and paid in bitcoin" in there as well. This is why even though crypto should be decentralized, the way we use crypto should be regulated, that way governments can't do anything TO bitcoin, but they can do it to people.

famososMuertos

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Bitcoin^crypto was born with the idea of breaking schemes and transforming paradigms for the benefit of all, it is the universal right to control your assets. The use, handling, etc. individual of these assets and of the technology in each case is independent of its objective in the idea of its premise.

Topic: Crypto is a part of war now, like it or not - page 3. (Read 594 times)