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Bitcoin => Bitcoin Discussion => Topic started by: Raymond Gary on March 02, 2022, 04:53:09 PM



Title: The Impact of Ukrain Bitcoin Donation and Support.
Post by: Raymond Gary on March 02, 2022, 04:53:09 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.
Example of these, is that of recent sanction imposed on Russia which have caused Russian ruble to decrease in value  and will push some of investors to start looking for alternative way to hedge their funds in some asset class such like Bitcoin and other digital asset.

The impact of Bitcoin Donation to Ukrain.

[1.] The donation and support of Ukrain using Bitcoin and ETH has a significant impact and have also increased mass adoption.

[2.] The increase in the demand for Bitcoin recently to support Ukraine brought about a slightly increase in the price of Bitcoin.

[3.] It has also created more aweness for Bitcoin adoption hence causing people whom might not have heard about Bitcoin or  transact in
 Bitcoin, buy Bitcoin in order to render support or donate money to help the people of Ukrain to survive.

[4.] These will also attract the attention of some countries Government Authorities to  find  way and make laws to regulate bitcoin in their various countries and hence make Bitcoin easily accessible for their citizenry.

[5.] With the recent sanction imposed on Russia, Some countries will began to see Bitcoin as a store of value and alternative means for transaction to avert possible sanctions that could be impose on them and hence use Bitcoin for international transaction or even adopt Bitcoin as a legal tender like El Salvador.
        
In conclusion , though the Ukrain invasion has a negative impact on the people of Ukrain and it's residents, it also in other hands has a significant impact to the Mass adoption and aweness of Bitcoin.



Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: mk4 on March 02, 2022, 05:08:25 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.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: seoincorporation on March 02, 2022, 05:19:52 PM
The question here is, what do we call support? It could be food, water, transportation to a safe zone, and weapons to defend their country.

It would be nice to know where are all those donations going because I feel a big piece of cake is used for fighting equipment, and since bitcoin and cryptos are involved in this we can call it the first Crypto-War.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: mk4 on March 02, 2022, 05:28:11 PM
The question here is, what do we call support? It could be food, water, transportation to a safe zone, and weapons to defend their country.
Depends who you exactly donate to. If we're talking about the donations towards the Ukrainian government directly, then idk. If you want specific sectors like food and medicine, then you can donate to specific charity groups like UkraineDAO. https://twitter.com/Ukraine_DAO/status/1497629935632105475

and since bitcoin and cryptos are involved in this we can call it the first Crypto-War.
Probably too much Netflix dude.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: bitmover on March 02, 2022, 05:43:46 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.

Why not call it adoption? I would call that government adoption. There is literally a government (Ukraine) using bitcoin/ETH/USDT as a currency. This is their official twitter account:

https://i.imgur.com/Uh8cINb.png
https://twitter.com/Ukraine

Anyone can donate to Ukraine to support their government. How the hell would someone in Brazil, China, Japan, El Salvador, etc would do that if not for cryptocurrency?
The transaction using bitcoin is nearly free and you can get a confirmation within minutes.

That would be impossible without cryptocurrencies. Traditional banking system is allow, expensive and bureaucratic. I am certainly i wouldn't be able to donate to ukraine using my traditional bank in Brazil.

We can now support directly a cause that we are interested in supporting. Bitcoin was designed to be used as currency, just like that.

They received already 34 million dollars in cryptocurrency donations
https://apnews.com/article/russia-ukraine-war-live-updates-6bcdf50c08dd62a4c5305aa34d045cce


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: mk4 on March 02, 2022, 06:01:52 PM
Why not call it adoption? I would call that government adoption. There is literally a government (Ukraine) using bitcoin/ETH/USDT as a currency. This is their official twitter account:

*snip*

Well I mean yeah sure it's technically adoption don't get me wrong, and by a significantly huge entity. When I said "Not sure that I would call it adoption.." I meant numbers-wise(volume of entities/individuals), that I'm not sure if the masses actually went "oh shit bitcoin is actually the solution for xyz" and ended up buying bitcoin for the long-term.

But I guess we could say that at the very least some people bought bitcoin/crypto just to be able to donate. How much funds came from native crypto peeps vs the sort of "new crypto peeps" is the question.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: DapanasFruit on March 03, 2022, 04:38:27 AM
 

Sadly, it will be a series of crisis that humanity is to experience that can put Bitcoin into the mainstream as a currency and a safe haven. Under any circumstances, Bitcoin is beyond the reach of any government or legacy financial institution. No government can declare Bitcoin to be under the control of the government...they could not devalue it by decree or can they confiscate away from you just like what some governments did to bank accounts of their own people. And we can clearly see the many reasons why Bitcoin is a lot better than fiat during chaotic times.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: worle1bm on March 03, 2022, 04:49:32 AM
This has for sure boosted the crypto transactions and btc demand has suddenly grown as this war crisis has struck the Ukraine.You can also see that Ukraine government has received more than $15 million in donations through these crypto raising platforms as all other fiat transactions are blocked.The impact could be seen from bitcoin prices also which went above $43k at the time where it was showing no good progress.So the support has now increased and future btc regulations and adoption maybe true now.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: Retainly_Collie on March 03, 2022, 05:16:19 AM
This has for sure boosted the crypto transactions and btc demand has suddenly grown as this war crisis has struck the Ukraine.You can also see that Ukraine government has received more than $15 million in donations through these crypto raising platforms as all other fiat transactions are blocked.The impact could be seen from bitcoin prices also which went above $43k at the time where it was showing no good progress.So the support has now increased and future btc regulations and adoption maybe true now.
IMO, it is still too early to talk about widespread adoption. The reality of wars is that intermediary payment methods will not be preferred, and btc crypto has a good effect for money-backing donations. I have seen a lot of crypto-support and donations in Ukraine. Just like the corona outbreak in India in 2021, crypto donations have brought the effects we see.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: Wind_FURY on March 03, 2022, 05:21:00 AM
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 have some of my close friends who said that they now currently "get it", and they are having some respect for what it is designed to do. It makes me happy because the network is not merely for criminals.


Sadly, it will be a series of crisis that humanity is to experience that can put Bitcoin into the mainstream as a currency and a safe haven. Under any circumstances, Bitcoin is beyond the reach of any government or legacy financial institution. No government can declare Bitcoin to be under the control of the government...they could not devalue it by decree or can they confiscate away from you just like what some governments did to bank accounts of their own people. And we can clearly see the many reasons why Bitcoin is a lot better than fiat during chaotic times.


Sadly, there are shitcoin founders who are using the war to advertise their shitcoins by offering them as donations.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: mk4 on March 03, 2022, 07:11:10 AM
I have some of my close friends who said that they now currently "get it", and they are having some respect for what it is designed to do. It makes me happy because the network is not merely for criminals.

Bitcoin has always been mostly used by non-criminals. You know, like any other money/currency!



Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: kinvan f on March 03, 2022, 07:16:23 AM
Indeed, this time Bitcoin has really gained a lot of exposure in the war. The war is all because of finance, and the financial disputes are because of belief.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: Wind_FURY on March 03, 2022, 07:21:34 AM
I have some of my close friends who said that they now currently "get it", and they are having some respect for what it is designed to do. It makes me happy because the network is not merely for criminals.

Bitcoin has always been mostly used by non-criminals. You know, like any other money/currency!



I might haveforgotten to put the quotes "", ser. "Bitcoin is only used by criminals" has always been the nocoiner's favorite narrative to use to FUD Bitcoin to newbies/non-coiners. I always reply, it's freedom money. A "money" that can't be used by criminals, because of government control, is not an effective form of hard money.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: KINVAN e on March 03, 2022, 08:58:56 AM
The question here is, what do we call support? It could be food, water, transportation to a safe zone, and weapons to defend their country.

It would be nice to know where are all those donations going because I feel a big piece of cake is used for fighting equipment, and since bitcoin and cryptos are involved in this we can call it the first Crypto-War.
If it is donated to the Ukrainian government, there are many possibilities. It may buy food for civilians or arms, and it may become the private property of some people. Since it has been donated, we have no ability to interfere with the whereabouts of the funds. . But if they use the money to buy arms, I'm sad because I'm calling for peace, which means that my donation is another way of supporting war, and obviously I don't want war.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: KINVAN e on March 03, 2022, 09:11:30 AM


Sadly, it will be a series of crisis that humanity is to experience that can put Bitcoin into the mainstream as a currency and a safe haven. Under any circumstances, Bitcoin is beyond the reach of any government or legacy financial institution. No government can declare Bitcoin to be under the control of the government...they could not devalue it by decree or can they confiscate away from you just like what some governments did to bank accounts of their own people. And we can clearly see the many reasons why Bitcoin is a lot better than fiat during chaotic times.

Yes, I just saw that Germany confiscated the yacht of a rich Russian businessman worth 600 million US dollars. I was shocked. Is Russia being robbed? If the asset is not the yacht but Bitcoin, will the result be different?


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: ZoeSamantha on March 03, 2022, 09:14:07 AM
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.
Example of these, is that of recent sanction imposed on Russia which have caused Russian ruble to decrease in value  and will push some of investors to start looking for alternative way to hedge their funds in some asset class such like Bitcoin and other digital asset.

The impact of Bitcoin Donation to Ukrain.

[1.] The donation and support of Ukrain using Bitcoin and ETH has a significant impact and have also increased mass adoption.

[2.] The increase in the demand for Bitcoin recently to support Ukraine brought about a slightly increase in the price of Bitcoin.

[3.] It has also created more aweness for Bitcoin adoption hence causing people whom might not have heard about Bitcoin or  transact in
 Bitcoin, buy Bitcoin in order to render support or donate money to help the people of Ukrain to survive.

[4.] These will also attract the attention of some countries Government Authorities to  find  way and make laws to regulate bitcoin in their various countries and hence make Bitcoin easily accessible for their citizenry.

[5.] With the recent sanction imposed on Russia, Some countries will began to see Bitcoin as a store of value and alternative means for transaction to avert possible sanctions that could be impose on them and hence use Bitcoin for international transaction or even adopt Bitcoin as a legal tender like El Salvador.
        
In conclusion , though the Ukrain invasion has a negative impact on the people of Ukrain and it's residents, it also in other hands has a significant impact to the Mass adoption and aweness of Bitcoin.


Cryptocurrency donations to Ukraine have indeed brought publicity to virtual currency, but I still have deep sympathy for this war, although a lot of it is humanitarian, but where the money will be spent, probably only the Vice President knows.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: Anonylz on March 03, 2022, 02:57:44 PM
Certainly, if not for this war the government of Ukraine will not be too quick on accepting btc for any sort of transaction especially the one that has to do with the government purse. so i would call it adoption, they could have refuse donation through btc and use other fiat alternatives despite they are facing attacks but they didn't, the war to me is a blessing in disguise for btc to gain global recognition, and of course a painful experience for the people of Ukraine.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: evilgreed on March 03, 2022, 03:57:21 PM
               I agree with op. With all the things going on with the world today and not just on Ukraine, more and more people are starting to hear about bitcoin and other altcoins all over the world. Not just once in a blue moon mentions but almost everywhere. What's more is that the people do not hear hear it from fuds like hacks happening or people doing illegal things with it. Instead, they hear about crypto currencies being used to help people which makes them want to learn more, and by doing so, they understand what this industry is and how innovative the solutions it can offer are. This kind of publicity is very vital. Too bad though, it required a very high cost. :(


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: virasog on March 03, 2022, 04:18:51 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.

Also people have come to know that in these crisis times, only bitcoin is the true store of value. All the centralized fiat currencies controlled by the banks and local governments will lose their value in war situations. This is an eye opener for those who do not consider bitcoin to the real money and do not realize the true potential of bitcoins.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: Fesatmas on March 03, 2022, 05:39:02 PM
Imho, so far, it has been said that adoption is legal, because of what definitions I'm trying to find on the internet to clearly understand the meaning of adoption. And what the Ukrainian government is doing is legal to increase the adoption of cryptocurrencies. Although in the end it was converted to fiat to buy supplies for its citizens. Regardless of what the proceeds from the donation will be used for, hopefully, it won't be bought to arm its citizens with long-barreled rifles. One life would be very valuable, to wield a weapon that one was not an expert in wielding.

Back on adoption, that the Ukrainian government allows crypto, especially in this case Bitcoin is widely accepted for donation, the definition of legal adoption is literally.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: Smartvirus on March 03, 2022, 05:55:01 PM
The question here is, what do we call support? It could be food, water, transportation to a safe zone, and weapons to defend their country.

It would be nice to know where are all those donations going because I feel a big piece of cake is used for fighting equipment, and since bitcoin and cryptos are involved in this we can call it the first Crypto-War.
My thoughts exactly. You know, prior to this war, I was surprised to have heard the news on Russia and Ukraine looking into legalising bitcoin or cryptocurrencies in there nations. I felt it was for good and though it might be for good, the thoughts as I have it on why doesn't seem so good to me. Perhaps the aids they might have received from which ever donation that might have have carried out could in course of these wars might have been used to provide relief materials amidst making other plans, I also have an impression that, some of it also would have been used to finance the war. Especially from the Russian side.

With a lot of sanctions been dealer out to friends of Putin and Russian billionaires across the globe, bitcoin served as some anonymous way to receive aids from these individuals and hide in the shadows. If my thoughts are right then, it doesn't feel so right, not from where I stand.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: Raymond Gary on March 04, 2022, 08:28:39 AM
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 is crystal clear that this is adoption, I don't think that a Government like Ukraine, that if they doesn't want to adopt Bitcoin will go ahead and make it official for the public to use Bitcoin ias means of donation and support to them , so they must have analysed this before they came up with such ideology.
  Secondly remember that some rumors have been around Ukraine trying to regulate or officially adopt Bitcoin and this has served as better opportunity for that.



Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: AAPPKK on March 04, 2022, 08:51:43 AM
This is a profound opportunity to let the people of Russia and Ukraine know about Bitcoin, the war is cruel, it is a good thing for them that Bitcoin appears at this time as a free and inviolable asset, because the war will always stop, It is chilling to rebuild the home after stopping, and the wealth that has been fought for a lifetime has been turned into ruins because of the war.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: uchegod-21 on March 04, 2022, 10:18:30 AM
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 should confidently be called an adoption. A government cannot officially release an address for donation for what they did not adopt. The adoption must not necessarily follow due process. Perilous times necessitates innovation. So, no matter the process of adoption, it is an adoption. A government that has received help from cryptocurrency can never, I repeat, can never have the guts to punish her citizens for involving in crypto.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: Deliverance21 on March 04, 2022, 11:09:53 AM
Guys, I'm from Ukraine. Now evacuated from Kyiv to west of Ukraine. There is local territorial defence, but they are extremely poor. If you have a wish, send me some BTC, I will transfer it to local bank and give money for first aid kits, food, warm clothes.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: Juse14 on March 04, 2022, 02:05:13 PM
Yes, although we didn't expect this invasion because it could have an impact on humanity, we also can't deny that this also has a positive impact on bitcoin. Although this can be said in an emergency when they accept bitcoin as a means of donating to humanity in Ukraine.
And we can learn here that humanizing humans is more important than anything.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: pawanjain on March 04, 2022, 02:50:50 PM
This war has definitely create an impact on many people. Bitcoin has come to the rescue and has helped many people in buying their food during the crisis.
This war has made many people realize the importance of bitcoin. I am sure that the adoption of bitcoin will only keep increasing every year now onwards.
It might face obstacles from various governments but from time to time events like these will keep happening and make people more prone towards using bitcoin.
It might not become a payment gateway for day to day activities but it will surely stand as a safe haven and a valuable asset.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: redsun114 on March 04, 2022, 02:55:34 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 should confidently be called an adoption. A government cannot officially release an address for donation for what they did not adopt. The adoption must not necessarily follow due process. Perilous times necessitates innovation. So, no matter the process of adoption, it is an adoption. A government that has received help from cryptocurrency can never, I repeat, can never have the guts to punish her citizens for involving in crypto.
I am not sure about what is the exact status of bitcoin in Ukraine whether it is it legal or not. If it is not legal yet, I think they can still make a temporary exemption to bitcoin only to receive donations because they badly need it and the majority is requesting for it to be used as a medium because banks, fiats or other forms of payment methods are not yet available or complicated for now to use but if ever btc in Ukraine legal before, then we cant consider the recent event as an adoption but it is more of a publication.

Everyone will be aware of btc but there is no guarantee that they will now use it or adopt it. Those who donate are already been a btc user ever since before.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: kryptqnick on March 04, 2022, 05:06:32 PM
Full Bitcoin adoption as money requires working civilian infrastructure and a peaceful enough time to develop relevant software and, possibly, adopt some hardware. Neither Russia nor Ukraine have conditions that can enable this change right now. However, donations are accepted and, I believe, they can then be sold for fiat to actually buy military equipment, medicine, food and other things in Ukraine. But overall, while this is good for Bitcoin because the events increase the demand for it, Bitcoin still remains more of an asset than a functioning currency under these conditions. So it's not about mass adoption of Bitcoin, and people sitting in shelters don't have time for Bitcoin awareness.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: Crypto-Ivan on March 07, 2022, 06:16:17 AM
The increased demand for Bitcoin facilitates crypto transactions, and more people realize the importance of Bitcoin.
The use of bitcoin donations has also had a positive effect on bitcoin itself, driving its price up.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: lepbagong on March 07, 2022, 07:15:28 AM
It always has to be seen from two sides if there is any conflict because if it is only from one side, it will make us misperception and will continue to make the problem worse on social media, not on the real thing.
I personally don't want a prolonged conflict and can return to normal and be able to sit together and negotiate and leave each other's ego so that it can be finished. all those who don't understand the problem to refrain from social media by not making things worse.

It's really sad that during a conflict, bitcoin became a conversation that could certainly be better known, because it was to provide support and donation assistance. but indeed, if possible, donations must go through an institution that has been recognized so as not to be misused, which can escalate the conflict into a big one.

Bitcoin is of course always an alternative in every problem, because it is the easiest to give and collect. thus pushing bitcoin increasingly recognized and recognized as an easy-to-use transaction tool. but I agree with the op that this will actually make every country will protect themselves from this by making rules about bitcoin, so that there is no misuse that will actually be detrimental.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: Pmalek on March 07, 2022, 08:10:20 AM
Also people have come to know that in these crisis times, only bitcoin is the true store of value. All the centralized fiat currencies controlled by the banks and local governments will lose their value in war situations.
So you are saying that Bitcoin has not lost value or gained any value during this conflict? Bitcoin went up to $43-44k, people donated some money, the currency's value than dropped to $37-38k. If the value of the received donations was $10 million at $43 k/coin, for example, is the buying power of that Bitcoin the same now at $38k?

Short-term, Bitcoin hasn't proven to be stable. And short-term is the only way Ukraine and it's government can think right now. They are at war right now and they need financial support today. They can't hold and speculate what the value of the donated assets could be during the next bull run. But Bitcoin has still provided both Ukraine and Russia with new opportunities to finance their operations and that's something they don't have through traditional routes.


I don't think we can call this adoption yet. It can turn into full-scale adoption only if the citizens of both countries realize the benefits of using Bitcoin and they start buying and using it.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: Slow death on March 07, 2022, 08:54:59 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


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: Oasisman on March 07, 2022, 09:15:25 AM
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 should confidently be called an adoption. A government cannot officially release an address for donation for what they did not adopt. The adoption must not necessarily follow due process. Perilous times necessitates innovation. So, no matter the process of adoption, it is an adoption. A government that has received help from cryptocurrency can never, I repeat, can never have the guts to punish her citizens for involving in crypto.
I am not sure about what is the exact status of bitcoin in Ukraine whether it is it legal or not. If it is not legal yet, I think they can still make a temporary exemption to bitcoin only to receive donations because they badly need it and the majority is requesting for it to be used as a medium because banks, fiats or other forms of payment methods are not yet available or complicated for now to use but if ever btc in Ukraine legal before, then we cant consider the recent event as an adoption but it is more of a publication.

Well, the status of cryptocurrency in Ukraine is legal, but the government didn't recognize it as a legal tender like most country does. So, they don't need any "temporary exemptions" just to receive crypto as a donation, because they are already receiving millions of dollars in cryptocurrency form.
Now, this could be a turning point for cryptocurrency in Ukraine to be considered as a legal tender, or even a mass adoption of Bitcoin.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: DdmrDdmr on March 07, 2022, 09:53:41 AM
<…>
I haven’t seen data on how fiat donations are coming, but the 37M$ crypto figure seems to now fall shy. The latest update I’ve seen drives it to 59,2M $ in crypto just for the recipient accounts established by the Ukrainian government and the Come Back Alive NGO, obtained from over 112K donations so far (I’m accounted for there).



There is a substantial decrease in the daily donation figures over the past three days, likely due to the call-to-action effect of the first few days plus crypto heavyweight entities and personalities being prompt to respond. Even so, the last few days make it above the 1M $ in crypto per day, something to follow as time goes by.

The following chart is also worth a look at:


See: https://www.elliptic.co/blog/live-updates-millions-in-crypto-crowdfunded-for-the-ukrainian-military


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: KaliLinux on March 07, 2022, 10:09:20 AM
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 definitely agree with you. I understand most people believe that because of the Ukrain Bitcoin and other cryptocurrency donations, there has been mass adoption to cryptocurrency and Bitcoin especially, what happens if most of the donations were from people that are already in the crypto space? which is possible. And as you said, creating awareness for Bitcoin/cryptos is a big one, and true that people would have seen how Bitcoin can easily move across borders without restrictions, and most also say that, regardless of how they know, let them know  :)


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: kotajikikox on March 07, 2022, 10:36:42 AM
This is a profound opportunity to let the people of Russia and Ukraine know about Bitcoin, the war is cruel, it is a good thing for them that Bitcoin appears at this time as a free and inviolable asset, because the war will always stop, It is chilling to rebuild the home after stopping, and the wealth that has been fought for a lifetime has been turned into ruins because of the war.
the wat is indeed will end and not like in the past wars that the resources can be Loot easily as the gold/silvers and even Currencies can be taken by force but now since there is Bitcoin? and other crypto currencies? people from those countries can easily hide their funds and safer using crypto .
maybe more of them are considering putting their funds inside our market than remaining in banks or in their houses.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: Ozero on March 07, 2022, 05:12:13 PM
Guys, I'm from Ukraine. Now evacuated from Kyiv to west of Ukraine. There is local territorial defence, but they are extremely poor. If you have a wish, send me some BTC, I will transfer it to local bank and give money for first aid kits, food, warm clothes.
Don't trust this newbie on this forum. I am also from Ukraine. Our territorial defense is more or less equipped with clothing, body armor, and weapons. They even have machine guns, grenade launchers and so on.
If there are not enough weapons, then volunteers are not taken. Write down the phone number for communication and say to expect a call. This was said a couple of days ago to my friend, who wanted to enroll in the territorial defense of the city of Zhytomyr.
Now there are enough official sites in Ukraine that collect donations. If a man ran away from the war from Kyiv to the western part of Ukraine, I would not trust him. Especially for a beginner with 2 activities.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: romero121 on March 07, 2022, 05:34:34 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.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: perfect999 on March 07, 2022, 06:50:59 PM
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.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: verita1 on March 07, 2022, 07:30:12 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.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: TimeTeller on March 07, 2022, 09:19:50 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.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: lepbagong on March 08, 2022, 01:50:32 AM
......

..........
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.



Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: Raymond Gary on March 08, 2022, 08:18:21 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.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: moneystery on March 09, 2022, 06:17:49 AM
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.....



Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: uneng on March 09, 2022, 06:35:17 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.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: DdmrDdmr on March 09, 2022, 06:54:01 PM
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


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: dimonstration on March 09, 2022, 07:00:12 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.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: Markinzo on March 09, 2022, 07:08:15 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.

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.



 


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: uneng on March 09, 2022, 07:23:09 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!


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: Captain Corporate on March 09, 2022, 07:28:37 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.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: LUCKMCFLY on March 14, 2022, 11:29:45 PM

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.



Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: Vaskiy on March 15, 2022, 01:04:36 AM
Help Ukraine (https://donate.thedigital.gov.ua)

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.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: ChiBitCTy on March 15, 2022, 02:35:33 AM
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. 


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: peter0425 on March 15, 2022, 02:42:39 AM
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.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: fullhdpixel on March 16, 2022, 07:49:00 AM
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.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: Bitstar_coin on March 16, 2022, 08:53:32 AM
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.


Title: Re: The Impact of Ukrain Bitcoin Donation and Support.
Post by: Raymond Gary on March 16, 2022, 08:05:06 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/