Scammers are always ready to take advantage of the situation, and I've seen people sharing shady accounts and claiming they are spreading official accounts to help Ukrainians who are suffering from the conflict. So it's very important to check the sources and only donate to reputable organizations if one wants to do so. I hate it that some people are using such a vulnerable situation, exploiting the compassion of people who want to help Ukrainians during these hard times. Beware of scams, the informational war is extremely strong right now, and that includes scammers.
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I think that for now, selling rubbles for cryptos should be possible (but I don't know that in practice and I can see online that, even if it is, it's harder than it used to be), especially since Russian crypto exchanges are largely in the grey zone (not something official). If I had rubles, I'd go for cryptos right now. If I didn't believe in Bitcoin, I'd go for USDT. Fiat doesn't have the stability people expect it to have when something like what has happened occurs, but stablecoins can still provide some guarantees, compared to ruble. And not all Russian banks are out of SWIFT. In fact, the biggest of them aren't, I believe.
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I hope Bitcoin helps those in Russia who are actually trying to do anything about the war or are fleeing the country until it becomes a very different state. I'm glad if it's true that big transactions will be flagged and checked to ensure they don't go to the Russian government, but I wonder if this is something that can really happen. Can't Russia use mixers, for example? Fake IDs for KYCs? It is the government we're talking about, so I guess we'll soon see how pseudonymity truly works and whether preventing terrorists from using Bitcoin to conduct large-scale war crimes is possible. I hope it is.
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If it's true that it will be legal tender for tax purposes, it's very good news because that means that there will only be taxes on profits from it (and perhaps other taxes, but only whatever applies to fiat in Switzerland, so not taxation of transactions, for sure). While it's generally worse than a formal declaration of Bitcoin as legal tender, it's a significant step towards adoption, and it can encourage the usage of Bitcoin specifically as money, not as a form of investment. But in terms of the impact on the price, I don't think there will be any or would have been if the title were accurate.
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13. Colby Covington 12. Bryce Mitchell 11. Kevin Holland 10. Greg Hardy 9. Jamie Mullarkey 8. Marina Rodriguez 7. Kennedy Nzechukwu 6. Maryna Moroz 5. Brian Kelleher 4. Tim Elliott
3. Jessica Eye 2. Devonte Smith 1. Dustin Jacoby
Total Strikes 78
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Game 1: 17' 1-0 Southampton Game 2: 17' 2-1 São Paulo FC Game 3: 17' 1-0 Arsenal
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There are suspicions that Russia might fight back by shutting gas supply to the West. Some sources confirmed that the US is already in talks with Qatar to become Russia’s substitute. But Qatar and other oil and gas producing nations confirmed that they will not be able to provide substantial amounts of gas to replace Russia’s supply. African countries have been tipped as the best option because the continent has some of the world’s deepest gas reserves. But Africa might not replace Russia because of insecurity and lack of infrastructures. Who will replace Russia? https://www.aljazeera.com/economy/2022/3/1/analysis-can-african-gas-replace-russian-supplies-to-europeMaybe now's the time to finally move away from gas and oil in general. They're not eco-friendly, and reducing dependence on them has been a goal for a while. In the meantime, let's look at potential allies in this situation. Based on top-5 countries by natural gas reserves, Iran is a good option, and the US has fair reserves itself. Also, the matter is not urgent because the winter's basically over, so it'll become more relevant for the next winter. As for oil, there's Saudi Arabia, China, and Canada. I think the Western world can pull this off, aiding one another and looking for alternative suppliers, as well as reducing general dependence on oil and gas.
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Russia's economy grows after the war? What a joke. How exactly is it supposed to do this? Russia's economy is heavily dependent on international collaboration: trading with other countries, importing and exporting goods. Many big companies have already said they'll have nothing to do with Russia. Apple, Nike, Netflix ( here), Intel, AMD and TSMC ( here) are restricting their goods and services in Russia. Sanctions are freezing Russia's reserves, hitting ruble and major companies. Their economy is collapsing, and it will take decades to work on an independent economy that can somehow function in the contemporary world, if that's even possible. And that not to mention that Russia's economy wasn't doing great even before all these sanctions and restrictions, before the war. As for Ukraine, while it's undoubtedly taking a huge economic hit because in many places people can't even work and because of the war, billions of dollars of support are arriving from the West, so they'll help Ukraine pull through the war, and then Ukrainians are very willing to do everything they can to help each other and their country, rebuilding it after it's over.
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Ok first of all I have really given up on trying to understand bitcoin behaviour, I remember so called experts said that bitcoin will touch 100k by the end of 2021 and we all know how much accurate that prediction comes out to be, then there is El Salvador we thought it will touch sky after El Salvador made it legal tender but it crashed.
And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?
What's happening with Bitcoin is what I expected to happen. The war in Ukraine made cryptos very relevant because now so many people want to donate money to Ukrainian army, and doing it from all over the world is often simplest by transferring money to a Bitcoin wallet. Also, there are undoubtedly Russians, who can see the obvious: their economy is collapsing like never before, ruble is getting increasingly more worthless, and Putin is already restricting usage of foreign currencies and the right to pull one's ruble funds into good foreign fiat. So Bitcoin, once again, at least gives some chance of saving one's wealth or what's left of it. With Musk working on making satellite Internet available in Ukraine, cryptos will remain relevant for everyone, apart from those who are really poor and only have money they need to spend directly to sustain their basic needs.
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Cash in Ukraine is not depreciated, and bank cards still work. Of course, some regions sometimes suffer from lack of electricity because of the airstrikes, and in that case neither bank cards nor Bitcoin can work. Not to mention that, unfortunately, payments in Bitcoin are not widely accepted, and exchanging Bitcoin for fiat during shelling and when tanks are closing in on you is not exactly comfortable. So cash, Ukrainian fiat, is actually the most valuable thing right now for those who are staying in the country and those in most difficult situations. For those who are in relative safety, cryptos are gaining popularity over the war, with more and more funds accepting crypto donations.
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Russians who don't desire the war should either leave their country, denounce it and never come back, or do everything they can to help stop the war: spread information, protest, strike, block military bases etc. After donating money to Ukraine and opening a charity fund dedicated to helping Ukrainians, it's disappointing that they're not willing to do more, impose their own 'sanctions' over Russians. But I do agree that making it about literally all Russians (banning access based on citizenship) is a bit too harsh because it can affect even those who do protest against the war and do gather funds to help Ukraine. So a smarter solution is needed for this situation, but limiting Russia's capabilities is also important.
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According to Napoleon, wars require just three things: "money, money and money". - this is probably not a true quote. "The sinews of war are infinite money" - this is attributed to Cicero and is probably true, " The first and most imperative necessity in war is money" - from Ida Turbel.... well I am sure you get the idea.
My question to the forum is how does Putin intend to make the war of aggression against Ukraine be eventually profitable?
This is inspiring if it's true. Because while Russia has a lot of manpower and military objects, it's quite small, economically speaking, and the situation there wasn't good even before the war. The war requires enormous resources, so it's a hit on the economy on its own. Then there are sanctions, the likings of which Russia has never seen. And limitations that affect people heavily, such as inability to fly over EU countries. Plus the closure of Bosporus, which is crucial for military power and for trading. Obviously, Putin operates with the state budget. So it's not his money, it's the taxpayers' money. And short-term, he can pull it off. But with frozen funds, no access to loaning more money, markets closed etc., Russians will feel the impact of the war soon, I'm sure of it. Question is, are they ready to fight for their own right to have food?
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Hi everyone I was wondering if the overall Russian-Ukraine situation in Bitcoin is now pretty low, will it soar if the whole war is resolved again? What is your opinion? Thank you.
It's a good question. I think that it will rise. Firstly, Ukraine is promoting crypto wallets so that people all over the world can easily send money to support our army (and not only army, Telegram channels that do 24/7 informing about the war do it as well). And with Musk's satellite Internet for Ukraine, it means that crypto access will always be here, even if Russia hits some critical Internet infrastructure in the country. As for Russia, I guess that with the European Commission's statement yesterday that at least selected banks will be cut off from SWIFT, cryptos are also likely to become more used in the country. Not to mention their increasingly failing fiat currency that should motivate people to sell what they have left of it and buy Bitcoin.
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I'm not very focused right now, but I think I didn't find a topic about this. Forgive me if it was already posted. Binance announced on Twitter that they're donating $10 million to express their support with Ukraine. They are now gathering donations for the Ukraine Emergency Relief Fund here. The usage of cryptocurrencies and crypto businesses are starting to become relevant in the ongoing Russian invasion. Fewer and fewer areas are holding their apolitical stance, even if they used to be apolitical before. I wonder who will be next. It's interesting how Buterin will react, given that he's originally from Russia.
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I'm Ukrainian, and while by a mere coincidence I'm currently in relative safety abroad on my PhD exchange, my family, friends and colleagues are not. I talked to a guy I used to know who's from Moscow, and even though he's against the war and has an audience of thousands of Russians who look up to him, he's afraid to protest or even publicly express his opinion about the war, saying he'll be immediately imprisoned. I don't think there's a good excuse to stay silent now, when your country is sending your boys to die in my country, hits our homes and kindergartens, but if you're afraid and yet feel ashamed and want to do at least something to compensate for the actions of your country, now's the time to use Bitcoin. You can use Bitcoin to donate to Ukraine's biggest charity that helps the war efforts. The address is bc1qkd5az2ml7dk5j5h672yhxmhmxe9tuf97j39fm6, you can check it here, on their official website. There's also another wallet, the one shared by Ukraine's official Twitter account, and they accept BTC, ETH, USDT. I'm not here to change your mind if you don't feel responsible and don't want to help Ukrainians (or don't feel like donating), or if you indeed support the actions of your government. I'm only writing this for the sort of people from Russia whom I know: people who feel ashamed for what their country is doing and for being afraid to stand with Ukraine openly. If you're careful and use Bitcoin wallets that are not linked to our IDs, sending money to our military forces in Bitcoin is the simplest way to show your support without much risk to your lives.
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China is not a part of the Western world, and it's strong and powerful enough to make its own decisions during the ongoing Russian invasion. Russia and China has a largely friendly relationship, both countries being rules by dictators who've been in power for a while. So I'm not surprised that it's ready to keep trading with Russia because it's in China's economic interests. It will help Russia a bit, but I do believe that it won't be enough for Russia not to take a big hit from sanctions and the ongoing war (because the war costs lots of money as well). The Western world will also suffer from sanctions, as Biden warned even prior to the invasion, but it's strong enough to hold on. And apart from sanctions, Western countries are also providing military supplies and immense financial aid to Ukraine.
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adaseb, Russia wasn't banned from Swift because of Germany, Italy and Hungary whose govs and riches have strong ties with Russia. But it seems that there's finally some consolidation, and SWIFT is likely to happen very soon. Speaking of casualties, kaya11, it's more than 3000 from the Russian side, according to official reports of the Ukrainian Armed Forces. But, of course, with everything happening very fast and no real way of fact-checking, some might not believe this information. As for how they died in such numbers, the answer is simple: Ukrainians are fighting fiercely against the invasion. I come from the intellectual circles, and a professor of philosophy I know joined the armed resistance. A female student of philosophy whom I also know personally joined civilians who are making Molotov cocktails to throw at Russian military vehicles (it works, btw, there've been many successful attacks like that). A popular Ukrainian blogger whom I've been watching for a while is now also a part of the regional military force. Regular civilians are monitoring the situation, looking for suspicious people and markings, reporting them all to the police. This is our country, and the main value of the Ukrainian nation has always been freedom. I guess Putin just forgot about it, again.
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Only hodling private keys is something that can ensure keeping the funds, that's true. What I don't like, of course, is the examples on which people learn their lessons. Canadian truckers were blocking strategic roads and promoted anti-vaccination propaganda in the middle of the pandemic. Russia was and is still being hit by sanctions because they invaded a sovereign state, and those innocents who don't want a war must go and tell so to their government on their central squares, organize strikes or advocate in any other way against the war. Otherwise they're complicit. But those who do protest and express support must, of course, have access to their funds. So I hope they will use Bitcoin for good, just like people in Ukraine do now when they donate money to the army in Bitcoin. But there's also another side: unless there's enough adoption of Bitcoin as a direct form of payment, keeping Bitcoin in one's own wallet can only do so much because then fiat is still needed to actually use the money, and this means banks and exchanges which can fall under sanctions.
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Unless somebody behaves in a very reckless way, accidentally revealing one's identity, or there's a major hack of a database with KYC documents, or someone publicly claims an address as theirs, there's no way of knowing the identity or even whether it's an individual or a company. Also, I think it hardly matters because there's enough decentralization to ensure that the price is not under anyone's control, even if we assume that the addresses on the list belong to individuals, not companies. The distribution of money is very unequal, sure, but it's not centralized.
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