The Impact of Ukrain Bitcoin Donation and Support.

Raymond Gary

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Quote from: mk4 on March 02, 2022, 01:08:25 PM

Not sure that I would call it adoption but it surely gave Bitcoin A LOT of publicity in terms of being a currency/asset that requires zero permission. It's just unfortunate that a lot of people had to realize it only when in times like this — like they had to literally see it with their own eyes instead of just realizing it through studying it.

I disagree with you! Saying Not sure you will call it adoption ,that it surely gave Bitcoin a lot of publicity. Now what has happened from the news that Ukraine have passed a law legalizing crypto have shown that it's crystal clear that it's adoption and your even merited for that, I imagine.
use the link and read yourself

https://www.coindesk.com/policy/2022/03/16/ukraines-zelensky-signs-virtual-assets-bill-into-law-legalizing-crypto/

Bitstar_coin

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Quote from: Raymond Gary on March 02, 2022, 12:53:09 PM

Bitcoin as we may know is yet to embrace mass adoption and it still under valued asset class, but before this Mass adoption could take place there are series of events that could happen to trigger the very adoption we have been looking for, And such events could be pestilence like that of corona virus , high inflation rate, wars and Economic sanctions that could cause some fiat currencies to lose their value due to Economic sanctions impose on some countries.
~

Couldn't agree more, adoption will come in different form through series of events and that is what btc and crypto in general already experiencing, all the Ponzi scheme tag, rejections, ban treat, high inflation rate, etc. are some of them but some how btc has survive all the pressure and will continue to survive and strive harder until mass adoption becomes a thing. This war give btc wider exposure than it has already, people all over the world who are following the news and what is happening with the war knows about the donation and the preferred currency used for it. So yes, the donation brings positive impact, perhaps will see more of that after the war.

fullhdpixel

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Quote from: ?? on ??

I believe even if Bitcoin and other cryptocurrency was not a thing before the war in Ukraine, it will certainly be something that will remain with the citizens and the government inclusive long after this war is done because as you mentioned, I don't believe the government will want to be seen as hypocrite accepting Bitcoin/other Cryptos only when they felt the need.

Yeah, after all these things are over the government will not ban Bitcoin in the country. They would continue with the adoption and more of their citizens will as well adopt Bitcoin and other cryptocurrencies and start making use of it because of how useful it has been in such a time like this. Just today I have been reading news about how the Ukraine government has been spending the crypto donations.

According to the news that I have read, the Ukraine soldiers were provided with over 5500 bullet proof vest through the crypto donations that were made. And apart from that other things that were provided for the soldiers are ballistic plates, thermal imagers, food and a lot more.

peter0425

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Quote from: Markinzo on March 09, 2022, 03:08:15 PM

I guess in tue other way round, this could be viewed as a "green_light" for Bitcoin in terms of publicity and much acceptance to many that are with the excuses of it's unregulated system.

though it is indeed a green light as free publicity for bitcoin and of course to the whole crypto market, yet the effect seems to be not in related up to now? we cannot still see what is the advantage and the help of the war and donation for the market till now.

Quote

It's an eye_open to many a country in emergency situations where Bitcoin seems to be more revelant based on time factor as compared to number of days it would have taken the conventional bank system.

maybe for now people starting to realize this advantage , and maybe in the next same situation to happen? then people will run into bitcoin than other options of same process.

ChiBitCTy

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Yeah I certainly agree with some of your points here. The Ukraine / Russian war has been devastating to say the least, if there is any silver lining to be had (not that it’s nearly as important) I guess one would be bitcoin showing well for these situations: it’s really held up well as a store of value comparatively to stock. The war held educate.

Vaskiy

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Help Ukraine

As a part of making everything visible and easy accessible Ukraine Government along with FTX, kuna and Everstake have developed a separate website for crypto donation. Now through this Ukraine government accepts Bitcoin, Ethereum, Tether, Polkadot, Solona, Dogecoin, Monero, ICON, NEO N3. It has set a milestone of $200 million in crypto donation. As of now more than $49 million donation received. Apart from different wallets owned by organisations and government have received more than $108 million.

LUCKMCFLY

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Quote from: moneystery on March 09, 2022, 02:17:49 AM

it's really sad to see many people who study bitcoin but never want to see the good side. they say bitcoin does not have regulation, prices are not stable etc blah blah blah, but look at how easy it is provided to anyone when transacting with bitcoin.....

I have always seen the good side of BTC even when it has been in free fall, like in the year 2018, 2019, at that time the BTC was in a very uncomfortable position and yet many bought in that dip, almost when it almost touched $2 k, at the time it was critical, many haters of btc said it was the biggest of all bubbles, but once it bounced back and broke past the last $20k ATH, even the most critical of btc saw its potential and recognized it , then from every point of view we must see the panorama, see the good and bad side. According to this, make decisions and decide what is best and what is most convenient for the particular economy of each person.

Captain Corporate

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Quote from: dimonstration on March 09, 2022, 03:00:12 PM

There are official donation channels with crypto if I am not wrong.

https://twitter.com/FedorovMykhailo/status/1498982855162175488

Here is the one where vice minister shared himself.

https://twitter.com/abornyakov/status/1500410856802336776

Here is from deputy minister of them for monero.

https://twitter.com/abornyakov/status/1498292229382844423

And here are some other addresses as well.

So if anyone is unsure about donating and don't know if money goes directly to Ukraine or not. These are the official addresses shared by the officials themselves. You can make donations to these addresses and I believe it should be going directly to them.

Obviously, you should do your own research. Maybe I am wrong, maybe these are not it, and you should not trust someone just because you saw it on bitcointalk. But these are the ones that I found and looked to be pretty legit considering where they come from. But thats just my opinion when I see these, you should still make sure its correct when donating.

uneng

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Quote from: dimonstration on March 09, 2022, 03:00:12 PM

Quote from: uneng on March 09, 2022, 02:35:17 PM

Accordingly to blockchain analytics company Elliptic, more than 59$ million were already donated by crypto investors to Ukraine. I don't know if in terms of war this corresponds to a decent sum of money, because ammo and weapons are really expensive, but for a layman it looks a nice amount!

Moreover, you can donate money through many different altcoins, and not only using the main ones such as btc or eth. You just need to find an organization that is collecting funds to send to Ukraine and there are many of them, including exchanges like Binance.

By donating and declaring it to your local government, you also decrease your income tax to be paid annually.

Governments providing tax reduction can influence more people to donate to Ukraine, we just need to find a legit organization that is providing help to Ukrainian people since there might still some people who uses this unfortunate event to scam people and have no plans to really help. There are Bloomberg article that says Ukraine were able to buy military gears from crypto donation. At times like this crypto is capable to provide a transparent service wherein we can detect where our donation comes and goes.

That is true. In every humanitarian crisis there are always criminals trying to get some advantage attempting to scam people willing to help. It's important to make sure the organization you are helping does a legit job.

Thanks to crypto and blockchain, I think it's not so hard to confirm such informations, since every addresses and transactions are public for all.

As we can see, even on this point cryptocurrency brings a lot of benefits for its adopters. Transparency is everything on donations' matters!

Markinzo

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I guess in tue other way round, this could be viewed as a "green_light" for Bitcoin in terms of publicity and much acceptance to many that are with the excuses of it's unregulated system.

It's an eye_open to many a country in emergency situations where Bitcoin seems to be more revelant based on time factor as compared to number of days it would have taken the conventional bank system.

dimonstration

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Dimon6969

Quote from: uneng on March 09, 2022, 02:35:17 PM

Accordingly to blockchain analytics company Elliptic, more than 59$ million were already donated by crypto investors to Ukraine. I don't know if in terms of war this corresponds to a decent sum of money, because ammo and weapons are really expensive, but for a layman it looks a nice amount!

Moreover, you can donate money through many different altcoins, and not only using the main ones such as btc or eth. You just need to find an organization that is collecting funds to send to Ukraine and there are many of them, including exchanges like Binance.

By donating and declaring it to your local government, you also decrease your income tax to be paid annually.

Governments providing tax reduction can influence more people to donate to Ukraine, we just need to find a legit organization that is providing help to Ukrainian people since there might still some people who uses this unfortunate event to scam people and have no plans to really help. There are Bloomberg article that says Ukraine were able to buy military gears from crypto donation. At times like this crypto is capable to provide a transparent service wherein we can detect where our donation comes and goes.

DdmrDdmr

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There are lies, damned lies and statistics. MTwain

Ukraine’s deputy minister for Digital Transformation, has praised crypto donations due the possibility it grants the Ukranian government to pay for their needs immediately, as opposed to having to wait for two to three days for payments made through bank transfers. So far, an equivalent of 15M$ of the received crypto donations have been spent, acquiring military supplies such as food rations, bulletproof vests, and so forth.

The article references a site that seems to track major crypto donations (not balances) on a daily basis, currently tolling close to 70M$ in crypto (see the charts at the foot of the following link):
https://aml.slowmist.com/cases/ukraine_crypto_donations_statistics_2022/

See:
https://cryptonews.com/news/ukraine-deputy-minister-praises-crypto-efficiency-donations-spent-military-necessities.htm

uneng

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Accordingly to blockchain analytics company Elliptic, more than 59$ million were already donated by crypto investors to Ukraine. I don't know if in terms of war this corresponds to a decent sum of money, because ammo and weapons are really expensive, but for a layman it looks a nice amount!

Moreover, you can donate money through many different altcoins, and not only using the main ones such as btc or eth. You just need to find an organization that is collecting funds to send to Ukraine and there are many of them, including exchanges like Binance.

By donating and declaring it to your local government, you also decrease your income tax to be paid annually.

moneystery

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Quote from: mk4 on March 02, 2022, 01:08:25 PM

Not sure that I would call it adoption but it surely gave Bitcoin A LOT of publicity in terms of being a currency/asset that requires zero permission. It's just unfortunate that a lot of people had to realize it only when in times like this — like they had to literally see it with their own eyes instead of just realizing it through studying it.

it's really sad to see many people who study bitcoin but never want to see the good side. they say bitcoin does not have regulation, prices are not stable etc blah blah blah, but look at how easy it is provided to anyone when transacting with bitcoin.....

Raymond Gary

newbie

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Quote from: romero121 on March 07, 2022, 01:34:34 PM

With the acceptance of bitcoin, ethereum and USDT as donations, Ukraine have made its step forward supporting adoption of cryptocurrencies. If this war hasn't happened many could've never understood the real value of bitcoin. Now every country will show interest in holding atleast a small volume of bitcoin, because we don't know what will be the situation of the country tomorrow. When it is required only the cryptocurrency can give hand and not the banking system.

Even if millions and billions were received as donations in fiat, the people never knew how donations were used. With cryptocurrency everything is transparent and this gains the trust and let's people know what is happening.

I totally agree with you in this aspect here , Indeed Bitcoin has played significant impact here in terms of it transparency with it transaction being viewable by anyone that wishes to, no matter any part of the world your coming from unlike when done with fiat currency it can only be viewed by the Government Authorities.

lepbagong

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Quote from: verita1 on March 07, 2022, 03:30:12 PM

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Quote from: TimeTeller on March 07, 2022, 05:19:50 PM

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No racism, no discrimination when it comes to crypto. All races are equal in this market.
And I am proud that crypto is having an important role to aid these people during their battle of life.

This is of course the most important thing in any assistance that we will indeed do, because avoiding racism, discrimination is very important to do, not least is the institution that receives it is competent so that aid is not misused to make things worse. thus giving rise to new problems of the conflict itself, which should be resolved peacefully.

crypto is very important because it can do the best and avoid discrimination and racism that can actually arise and not work properly. there is always a negative and positive side to every issue that can be taken and crypto can play a role there. I hope that the donations raised will make crypto better known and able to provide high confidence that problems can be solved with the help of crypto.

TimeTeller

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Quote from: verita1 on March 07, 2022, 03:30:12 PM

The request for help in Ukraine through donations in bitcoin and other cryptocurrencies in my opinion was the best.
We know that the money can be received immediately in this way and thus relieve a nation that is fighting to safeguard life and liberty. Because every minute counts, the effects of war leave many scars, many Web3 application developers working remotely from Ukraine are leaving their computers to use a rifle to defend themselves against the enemy.
Bitcoin was created to respond to the most vulnerable population.

And for those senders, they don't need to compromise their identities as they can send crypto anonymously.
Fast transaction, small fees, no 3rd party intervention are just few benefits of sending crypto to this war-torn country.
Now, people across the globe are seeing that crypto has valuable role during this time of conflict.
First, they saw it in Canada trucker's protest, where crypto was poured in also as donations.
And next, this Ukrainian war crisis. People are now recognizing the importance of crypto, and thus, it will indeed drive adoption.
No racism, no discrimination when it comes to crypto. All races are equal in this market.
And I am proud that crypto is having an important role to aid these people during their battle of life.

verita1

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The request for help in Ukraine through donations in bitcoin and other cryptocurrencies in my opinion was the best.
We know that the money can be received immediately in this way and thus relieve a nation that is fighting to safeguard life and liberty. Because every minute counts, the effects of war leave many scars, many Web3 application developers working remotely from Ukraine are leaving their computers to use a rifle to defend themselves against the enemy.
Bitcoin was created to respond to the most vulnerable population.

perfect999

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Quote from: Slow death on March 07, 2022, 04:54:59 AM

now the value of the donation has increased to 37 million dollars, Can someone tell me if they are making a donation in fiat and what value is it already? I know it's not an ideal time to make this kind of comparison, but I must say that most people look at bitcoin as a 10X investment, that's why they will hardly use bitcoin to make purchases or donations, they prefer to use fiat for that, and the The question is: when will we see bitcoin used as a payment method by the majority of people who own bitcoin? rich guys who pride themselves on having hundreds of bitcoins, I don't see them showing up to donate any bitcoins, they're probably donated in Fiat

Bitcoin is truly a valuable item to give away so you could be right that some if not most are purely using fiat for donation and for the people that are not involved in btc till now, they are also using fiat. If you have a small number of btc, the more that it will look valuable but if it's the opposite, I think you wouldn't mind giving some of them to the people that truly need it.

Wealthy bitcoin investors, do have a lot of cash in their pocket aside from the bitcoins they have so they can use this too if they find it more convenient. Apart from cryptos, there are also digital payment methods that are fiat-based like paypal and I think they also have a campaign for this. We can expect that fiat donations are higher but if cryptos grow in value they can be at the same level or more than it.

romero121

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With the acceptance of bitcoin, ethereum and USDT as donations, Ukraine have made its step forward supporting adoption of cryptocurrencies. If this war hasn't happened many could've never understood the real value of bitcoin. Now every country will show interest in holding atleast a small volume of bitcoin, because we don't know what will be the situation of the country tomorrow. When it is required only the cryptocurrency can give hand and not the banking system.

Even if millions and billions were received as donations in fiat, the people never knew how donations were used. With cryptocurrency everything is transparent and this gains the trust and let's people know what is happening.

Topic: The Impact of Ukrain Bitcoin Donation and Support. (Read 515 times)