Putin switzerland sanctions | Bitcointalksearch.org

merchantofzeny

sr. member

Activity: 1036

Merit: 279

Quote from: kaka_Shipai on March 10, 2022, 12:25:19 PM

Quote from: merchantofzeny on March 10, 2022, 10:25:52 AM

Yes, bitcoin use is still not as widespread as fiat so losing SWIFT access is still going to be a massive blow. Who knows tho, maybe some innovation will come out of Russia if they adopt bitcoin en masse there. "Necessity is mother.." something hehe.

And yes, USD is quickly becoming useless. It's hard to put trust in something they can just print 80% of in a matter of weeks. This is why when I come across comments online saying they want to leave the US for LatAm or SEA, I tell them to move NOW while their dollar still have value

One thing is for sure. Things related to crypto are going to get alot of importance, all over the world. Govts will be looking into it and will start working, if they haven't already, as this is going to be a serious weapon or counter weapon in any war like situation

Governments and the banking sector are probably way ahead of the public when it comes to crypto but just keeping mum about it. But yes, the news about Canadians being bankfrozen and Russians being affected by the sanctions would make some people nervous about keeping all their assets in fiat.

Ultegra134

hero member

Activity: 1680

Merit: 845

Quote from: RocketSingh on March 07, 2022, 01:29:47 PM

In a world, where Bitcoin exists, all sanctions are pointless.

All sanctions are pointless, since they aren't directly hurting the governments (Putin in this case), but its citizens. On top of that, the condition in Europe has worsened after Putin's invasion, oil, natural gas and energy costs have skyrocketed for the whole Europe and US, banning oil imports will severely hurt us all.

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: 325btc on March 07, 2022, 12:53:33 PM

Switzerland dont sanction putin ,?
So whts point others to sanction ?

putin is being sanctioned for zionistic and woke left reasons,

zionism and woke leftism absolutely can't work with each other but the western elite doesn't care about it, they think wokism and zionism can survive, both if putin is removed.

but thats nonsense, zionism and woke leftism have a tendency to neutralise each other

Quote from: af_newbie on March 07, 2022, 01:37:34 PM

Quote from: RocketSingh on March 07, 2022, 01:29:47 PM

In a world, where Bitcoin exists, all sanctions are pointless.

Sanctions are a minor annoyance to Putin and his inner circle. They will have a long-term impact on public opinion in Russia.

Bombs work much better and work right away.

well you can't rise up against putin, if you are against putin and against the war you are for the genocide and against russian liberty and autonomy and freedom in ukraine.

[moderator's note: consecutive posts merged]

kaka_Shipai

member

Activity: 277

Merit: 21

Quote from: merchantofzeny on March 10, 2022, 10:25:52 AM

Quote from: Gyfts on March 10, 2022, 09:45:24 AM

Quote from: RocketSingh on March 07, 2022, 01:29:47 PM

In a world, where Bitcoin exists, all sanctions are pointless.

Not quite. If Russia had taken their some of their reserves and put it in crypto, they'd be immune from asset forfeitures or freezes, but they'd also have to deal with being cut out from the international community. If they're eliminated from SWIFT and, say, all their exports are highly taxed, that doesn't give them much options even if they had enough crypto (hundreds of billions worth) to trade with because the recipients they conduct commerce with also need to accept Bitcoin. To your point, the sanctions will accelerate Bitcoin adoption. There isn't any incentive to hold USD anymore, high inflation and the U.S. governments use sanctions too often (side note, US inflation in fact has hit a 40 year high according to the inflation report released just recently). It'd be best for countries to dump USD as quick as possible, it's becoming worthless.

Yes, bitcoin use is still not as widespread as fiat so losing SWIFT access is still going to be a massive blow. Who knows tho, maybe some innovation will come out of Russia if they adopt bitcoin en masse there. "Necessity is mother.." something hehe.

And yes, USD is quickly becoming useless. It's hard to put trust in something they can just print 80% of in a matter of weeks. This is why when I come across comments online saying they want to leave the US for LatAm or SEA, I tell them to move NOW while their dollar still have value

One thing is for sure. Things related to crypto are going to get alot of importance, all over the world. Govts will be looking into it and will start working, if they haven't already, as this is going to be a serious weapon or counter weapon in any war like situation

merchantofzeny

sr. member

Activity: 1036

Merit: 279

Quote from: Gyfts on March 10, 2022, 09:45:24 AM

Quote from: RocketSingh on March 07, 2022, 01:29:47 PM

In a world, where Bitcoin exists, all sanctions are pointless.

Not quite. If Russia had taken their some of their reserves and put it in crypto, they'd be immune from asset forfeitures or freezes, but they'd also have to deal with being cut out from the international community. If they're eliminated from SWIFT and, say, all their exports are highly taxed, that doesn't give them much options even if they had enough crypto (hundreds of billions worth) to trade with because the recipients they conduct commerce with also need to accept Bitcoin. To your point, the sanctions will accelerate Bitcoin adoption. There isn't any incentive to hold USD anymore, high inflation and the U.S. governments use sanctions too often (side note, US inflation in fact has hit a 40 year high according to the inflation report released just recently). It'd be best for countries to dump USD as quick as possible, it's becoming worthless.

Yes, bitcoin use is still not as widespread as fiat so losing SWIFT access is still going to be a massive blow. Who knows tho, maybe some innovation will come out of Russia if they adopt bitcoin en masse there. "Necessity is mother.." something hehe.

And yes, USD is quickly becoming useless. It's hard to put trust in something they can just print 80% of in a matter of weeks. This is why when I come across comments online saying they want to leave the US for LatAm or SEA, I tell them to move NOW while their dollar still have value

Gyfts

legendary

Activity: 2828

Merit: 1515

Quote from: RocketSingh on March 07, 2022, 01:29:47 PM

In a world, where Bitcoin exists, all sanctions are pointless.

Not quite. If Russia had taken their some of their reserves and put it in crypto, they'd be immune from asset forfeitures or freezes, but they'd also have to deal with being cut out from the international community. If they're eliminated from SWIFT and, say, all their exports are highly taxed, that doesn't give them much options even if they had enough crypto (hundreds of billions worth) to trade with because the recipients they conduct commerce with also need to accept Bitcoin. To your point, the sanctions will accelerate Bitcoin adoption. There isn't any incentive to hold USD anymore, high inflation and the U.S. governments use sanctions too often (side note, US inflation in fact has hit a 40 year high according to the inflation report released just recently). It'd be best for countries to dump USD as quick as possible, it's becoming worthless.

kaka_Shipai

member

Activity: 277

Merit: 21

So, who's gonna win this war ? if any. I mean what can be possible outcomes of this war, What will happen if Russia win and what will happen if It doesn't ?

Mometaskers

hero member

Activity: 1764

Merit: 584

Coz Switzerland's main business is banking and they take money if they can so why refuse to do business? Remember those Nazi loots they took in? Switzerland would be the last country to sanction anyone, like how they are one of the last countries to join the UN.

af_newbie

legendary

Activity: 2702

Merit: 1468

Quote from: RocketSingh on March 07, 2022, 01:29:47 PM

In a world, where Bitcoin exists, all sanctions are pointless.

Sanctions are a minor annoyance to Putin and his inner circle. They will have a long-term impact on public opinion in Russia.

Bombs work much better and work right away.

RocketSingh

legendary

Activity: 1662

Merit: 1050

In a world, where Bitcoin exists, all sanctions are pointless.

325btc

jr. member

Activity: 224

Merit: 5

Switzerland dont sanction putin ,?
So whts point others to sanction ?

Topic: Putin switzerland sanctions (Read 138 times)