Crypto is a part of war now, like it or not - page 4.

Quidat

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Quote from: 19Nov16 on March 10, 2022, 10:28:27 AM

I think on the contrary, the presence of crypto has proven to be helpful and can unite, even during war countries that are at war with each other can get the same benefits from crypto, another thing is that it is easier to donate to victims so that they can save lives in dire need.

It is already evident on what we are seeing now on how it do really benefit out on the time or crisis like this on which we could sent out donations without exposing our identity which is really a plus
or something that is really that amazing on these times which it do make out transactions way more faster and accessible plus anonymous which indeed give out some part of this current condition.
Somehow fiat serves its purpose as well but we do see on what are their main differences on some key areas.

so98nn

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The good cause can be done any way possible and it means that any platform can be used to this. The crypto is obviously perfect way to reach to the Ukrainian peeps as they can’t really access the banks anymore, it’s being looted and bombed. The only way to access any trade free asset is crypto currency’s in the Ukrainian over their phones with internet connection access. As long as they are connected to the internet they are good to go with the crypto.

Moreover Russia can not take down internet as Elon has pointed the Starlink satellite towards them. Whether military operation or civilian use, it’s gonna help them a lot.

iv4n

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Crypto is a tool! It was a tool and will be a tool ... how people will use it is another question! I know from experience that a hammer can be a very useful tool, some people used it to build a house, but also some people have used a hammer to kill other people!
So it's not a surprise that crypto is used in war now, and I am sure that both sides are using it for good and bad! It's a tool, everyone is free to use it in the way they like it! It's a free world or what?!
We can choose a side, or we can be a voice of intellect! I am choosing intellect here, I don't wish to choose a side... I wish for a transparent world, where we (ordinary people) can see the truth, that's all that's matters! But with this propaganda around I am not sure that anyone of use relly know what's happening!

retreat

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Quote from: 19Nov16 on March 10, 2022, 10:28:27 AM

I think on the contrary, the presence of crypto has proven to be helpful and can unite, even during war countries that are at war with each other can get the same benefits from crypto, another thing is that it is easier to donate to victims so that they can save lives in dire need.

Ukraine has proven that by accepting donations via cryptocurrency, the funds they get are much larger, faster and safer than receiving via fiat. Crypto will be something that can not be separated from the human part especially during war or get hit by a natural disaster, donating with crypto we will see more and more, it has become a trend now.

19Nov16

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I think on the contrary, the presence of crypto has proven to be helpful and can unite, even during war countries that are at war with each other can get the same benefits from crypto, another thing is that it is easier to donate to victims so that they can save lives in dire need.

tbterryboy

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Quote from: KennyR on March 09, 2022, 12:51:33 AM

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.

The way he has said it made it seem like it is a war that has to do with cryptocurrency, when it is in fact nothing like that at all. Cryptocurrency doesn’t have anything to do with war, but the cryptocurrency community can decide to support all these countries that are in war, such as they are doing now by supporting Ukrainians. Moreover all these countries are doing this as a way for them to be able to create more awareness for themselves and also for cryptocurrency, and be able to convince people that cryptocurrency is nothing bad, but can be used for good.

And finally, As for countries that are urging cryptocurrency exchanges to block Russia from making use of Bitcoin to make transactions, they are also forgetting that cryptocurrency is decentralized, and one can decide to make use of any decentralized exchange to carry out whatever transaction they want. With that said, I don’t think making use of Bitcoin at this time would be much of any reasonable help at all to Russia.

robattfield

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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.

el kaka22

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Quote from: Wexnident on March 09, 2022, 04:57:44 AM

Assuming the movement of organizations or any related group that transact with crypto as a representative of crypto itself is... kinda dumb? I mean yes, it's open for all, but that's the point, Bitcoin doesn't take any side, it's always available for use whatever you're situation you are in. Those people are simply investors of crypto, they're not really a spokesperson for it, nor is it going to ever have one imo.

That’s the thing about people not really understanding what crypto is all about. I mean surely it is a good thing, and surely it could be bad if bad people use it. However, crypto is decentralized, it doesn't represent anyone and also at the same time nobody represents crypto neither.

In some law cases, companies and CEO's of those crypto companies are called for and asked some questions regarding the nature of it because they know and understand it and running companies that make millions of dollars revenue per day, so they have to know. However, they still do not represent it, they are just consultants. You have to know that crypto is indifferent to anything in the world.

Oceat

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As for the title, crypto is part of the war now so it could be called as a tools just like how certain activities hidden from the authorities which is being used as a payment options in the dark web. No matter what you throw to it, Bitcoin is still Bitcoin a crypto made by Satoshi for a purpose to fight against the banking system.

And thanks to Bitcoin people can spend the way they like without having trouble with the third-party medium which is under by the government. Ukrainians and Russians are using it(bitcoin) to protect their wealth against inflation and devaluation.

Tony116

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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.

We are not expecting war, but it is true that crypto comes and helps a lot of people who are stuck in a conflict between two governments. People can freely donate, raise money for charity from everywhere easily. Cryptocurrency becomes safe havens as the value of the 2 countries' currencies is falling.

dezoel

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Finding a platform in which you can use to support citizens of Ukraine, wouldn’t be much of a problem, I believe that if you do proper research you would be able to find reliable platforms that you can donate to and be able to reach those who really need help in such a situation. You can even go as much as checking out their government website to know whether there are any of those charity organizations that are linked with the government to help the citizens, and also there are many other ways that you can check this out and be able to find out.

If you don’t trust much of all those new platforms, you can even go through already known organizations that are as huge as Red Cross. Or you can even check through all those exchanges that are supporting this course.

AmoreJaz

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Quote from: Despairo on March 09, 2022, 10:15:16 AM

The news explained crypto was used for donation both of countries, this mean crypto as a currency helping Russian and Ukraine citizens not crypto is using for war, that's really different. We had saw many crypto war happen on few years ago and still continued until now, when shitcoins comes up everyday is a war on crypto. Those shitcoins including yours e.g. paynet coin shouldn't being listed and only scamming many newbies, let alone Bitcoin as the real crypto.

people are now recognising the importance of being anonymous via btc or crypto donations. fast, anonymous and cheap. those are just few benefits in dealing with crypto and the world have seen how crypto donations during war crisis can aid these 2 countries. we can't deny the fact that crypto is now part of the history in giving assistance in times of conflict. no need to disclose your identity if you want to support a certain cause.

dark1234

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crypto being part of the war between ukraine and russia at this time is because it is easy to fund without an intermediary because of the decentralized nature in it both for humanitarian donations or for arms procurement And this Op's statement is the first crypto war I agree because some crypto service providers, both market and others, some of them are not independent -Neutral- in one of the countries in between

Mometaskers

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"I know that Diamonds, mean money for this Art". Crypto is money and money has always been involved warfare, be it funding either side or ruining either's finances.

But yes, you are correct in your observation that the Crimean War is the first war where crypto is being used OPENLY. There have been rumors that crypto has been used in conflicts in the Middle East like ISIS's in Iraq but it wasn't used out in the open and that one involve not state actors.

Despairo

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The news explained crypto was used for donation both of countries, this mean crypto as a currency helping Russian and Ukraine citizens not crypto is using for war, that's really different. We had saw many crypto war happen on few years ago and still continued until now, when shitcoins comes up everyday is a war on crypto. Those shitcoins including yours e.g. paynet coin shouldn't being listed and only scamming many newbies, let alone Bitcoin as the real crypto.

ChiBitCTy

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I wasn’t aware of the crypto exchange donating to Ukrainians which I think is awesome of course and I love seeing that Vitalik is also helping out despite being Russian. I think this “first crypto war” has mostly overall been a good thing to that has shown how valuable and useful it can be compared to traditional monies.

Rockstarguy

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Quote from: moneystery on March 09, 2022, 02:25:08 AM

crypto is part of the war? This sentence is really wrong,, crypto has become a part of humanity now. those who made donations to ukraine instead of supporting ukraine to fight against russia, they all sincerely feel sorry for the plight of ukraine people.
Be it in the future, crypto has never been a part of war, but has become a part of humanity. I hope countries that have injustice, such as Yemen or Palestine, can recognize bitcoin so that they get full support from the crypto world, as happened in Ukraine....

Op used a wrong sentence for this writeup. What he maybe reasoning is that the Russia-Ukraine war can affect cryptocurrency some how because before the Russia-Ukraine war began the both countries accepted cryptocurrency legally. That is where he maybe riding to, my own thought though.

arwin100

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War has different scope so you just point it as part of war because this was been used for donation campaign conduct by ukraine and other legal institutions. But if we are been realistic here we cannot really say that this is part of war because there's no sanctions nor anything has been impose on it and maybe people are just exaggerated with the dump happened that's why many got triggered and think the same as you. For what I look at it crypto still neutral and remain uncontrolled by anyone.

noorman0

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[Nope]No hype delivers more than hope

Although the OP would change the topic to "The first war in the crypto era" it is wrong. The Russo-Ukrainian conflict is not the first war. There is a conflict in Afghanistan that actually lasted from the time before bitcoin was introduced until 2021, and at least there is a role for bitcoin there as the population's choice to "shelter" from the effects of the economic crisis.

dbc23

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Crypto is only a channel of donation in the war not the main point of attack after all both countries has passed bills to make bitcoin a legal tender. Ukrainians who happen to be victims of the war are getting donations through crypto donations across exchanges and concerned groups which has just little to do with the war

Topic: Crypto is a part of war now, like it or not - page 4. (Read 576 times)