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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 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

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

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

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.

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.

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 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.

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.

Crypto and bitcoin are currencies now and both countries (Ukraine and Russia) already recognize that...

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.

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. 

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.

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. 

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 really

be 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.

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.

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.

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.

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

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.

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.

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.

It was indeed for the sole purpose of alternative payment excluding fiat of course which it did really have some role on these particular times which is something not surprising or shocking actually.
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.

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.

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.

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

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


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.

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. 

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.

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

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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!

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

"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.

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.

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.

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.

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.

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.

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 

There was a war in the middle east(Syria and Iraq) a few years ago,when ISIS was a thing.I think that crypto was used by some people in the middle east,but on a smaller scale.Does this make the war in the middle east "the first crypto war"?I don't think so.Cryptocurrencies are just a tool and some people will use that tool,if they find benefits.
Calling the war in Ukraine "the first crypto war" is simply pretentious.The war isn't about crypto. Cryptocurrencies might be used by both Russians and Ukrainians,but crypto adoption on both Russia and Ukraine remains questionable.

Binance has been neutral and also donated a help of around $10M.

Crypto is money and in this war, anything that's related to money will be used to their advantage and disadvantage. The disadvantage is all about the banking system and cutting ties of the swift to Russia.

As for cryptocurrencies, being part of it, people are looking into how useful it is especially for the people living on both countries.

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.

'the world’s first crypto war' is an exaggeration if I ever saw one. If you really want to call it something in that vein, let's call it what it is, it's Europe's first gas and oil war. Crypto is a part of the war as well as everything else is that's globally intertwined with the economy. And even with that it really has an objectively small impact on it. Yes, it helps people in need and I think that's great, but looking at the bigger picture of this conflict, it's really not that important. Even the role crypto would play in Russia's efforts to alleviate sanctions has been more or less debunked by experts meaning it wouldn't play a huge role. And as for crypto being a part of A conflict, well, I am sure this is not the first time it has been used in such scenarios (albeit to a smaller extent).

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.

It's probably on the good side tbh? I mean it gives more people options, and more options are always the better thing imo. It won't change ofc, it was what it was made for, if it changed well, it wouldn't be Crypto (or Bitcoin rather).

Well, one thing that Crypto currency (Bitcoin) has proven during this war is this.... it is Apolitical.

The technology does not take any side of this conflict, like SWIFT is doing to take the side of the Ukrainians. (Also VISA/Mastercards and Banks... blocking their services)

Bitcoin are currently used by both sides of this conflict, with Ukrainians using it to protect their wealth and Western countries making donations to the Ukraine. (Doing it Pseudo anonymously to protect themselves)

The Russians on the other hand are using it to bypass sanctions (international transfers) and also normal citizens within Russia to receive payment for their online activities.

Being Apolitical makes it the perfect payment option for any citizen of this world, no matter what side you choose. No matter what your opinion and views are ... Bitcoin is neutral.  

Nonsense. There is a war in which crypto is used as a tool, like weapons, for example.

I'm telling you the same thing I've said in two other posts. You talk about crypto as personalizing, when in itself it is neither good nor bad. That an exchange gives money to certain users does not make "crypto" doing a good or bad thing. Cryptocurrencies are a tool. There are those that are very good, like Bitcoin and those that are crap, practically all the others, I would say. But those tools can be used just as well to demand ransom for a kidnapping as they can to make donations for people in need.

Yes this war between Russia and Ukraine is not about cryptocurrencies so don't misunderstand this war,
indeed in this war crypto can play a role as you say but what must be understood is that it does not mean this war focuses on crypto,
although this war is about politics and territory but it can affect various sectors

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....

Cryptocurrency is not the object of attack in this war, the subject of contention between the warring states. Therefore, the war between Russia and Ukraine cannot be considered a crypto war. Cryptocurrency for the first time can play a role in this war and no more. Russia, attacking Ukraine, does not impose any conditions on Ukraine regarding the use of cryptocurrency. This is the usual war of conquest on the territory of Ukraine by Russia.

Political ambitions and profit intentions were gradually shaped more clearly in the context of the escalating tensions of the Russian-Ukrainian conflict. More than ever, that is what makes the conflict so confusing and unpredictable.

''Currency Wars'' is a book that I find quite a few lessons applicable to the current economic climate. Either way, economic truth is a big battle and it has impacted every other area of ​​life, bitcoin/crypto can represent an asset or solution to ongoing issues with economic finance.

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.

Bitcoin and cryptocurrencies is also under the money/finance niche — so obviously it would have a part of the war to a certain extent, just as how other assets and commodities technically play a part as well. But calling it “the world’s first crypto war" is just some clickbait over-exaggeration BS.

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)