Decentralized assets might be the saving grace after the war

[hatshepsut93]

Russian currency got hit very hard due to sanctions, but Ukraine's currency performs relatively well, considering the war, it only dropped by 10-20%, something that happens often in crypto. Ofc in the long run bitcoin will outperform any national currency, even if countries don't experience war, but the reality is that most people aren't tech savvy enough to convert thir savings into BTC, and in Russia it could be extra hard if exchanges and payment systems sanction them.

[merchantofzeny]

I wouldn't say it's a great store of value considering volatility but it sure beats having to carry fiat/gold with you across borders. I don't know how banks operate in Europe but I suppose if you're Ukrainian and have to move, you might have trouble accessing your money from your bank, etc. For Russians I think its cryptos are still performing better than their fiat that is now in rubles so I think crypto might be useful for them.

[poldanmig]

Bitcoin which has been considered to be a money laundering tool by many countries, is now able to provide a very significant role for Ukraine in helping their resistance, now bitcoin and other crypto are an alternative for the Ukrainian government in accepting any donations from all over the  world quickly and if the ukraine government expected donations in the form of fiat money of course it would consume a lot of time and resources right now, besides that now the world community, especially ukraine, can use bitcoin as a hedging asset during a crisis other than gold to secure their wealth .

[24Kt]

Bitcoin which has been considered to be a money laundering tool by many countries, is now able to provide a very significant role for Ukraine in helping their resistance, now bitcoin and other crypto are an alternative for the Ukrainian government in accepting any donations from all over the  world quickly and if the ukraine government expected donations in the form of fiat money of course it would consume a lot of time and resources right now, besides that now the world community, especially ukraine, can use bitcoin as a hedging asset during a crisis other than gold to secure their wealth .

The world have seen that crypto donations are pouring in Ukraine right now. This is the safest to send help as you won't disclose your identity if ever someone is monitoring the funds coming in in this country. They are now understanding the benefits of crypto in times of turmoil. Even during covid pandemic, charity organizations starting to accept crypto donations. We have no idea where this war will end up with. But for sure, both countries will be having difficult time to recover economically. This is one of the aftermaths of war.

[examplens]

at the moment where Russia has gotten different sanctions it will be wiser for Russian citizens to switch most of their assets to decentralized cryptocurrencies so they have a link to bounce back to after the war.

But they need to live and survive the war. what if they were fired from a company that left Russia because of sanctions? they have no income, so they have to spend their savings on a living, the question is how many are there who can live normally and still save some bitcoin for after the war.
in wartime, some ordinary things become very expensive and unattainable, the money is spent quickly.

For Ukraine i guess NATO and other world organizations will make donations to help rebuild the nation

for the most part, you are wrong here. Yes, there will surely be some help to Ukraina from USA, EU... but it will mostly help through borrowing. Loan with a low-interest rate, but still a loan.
btw. Nato probably won't help much in rebuilding. they don't deal with it and their essence is something completely different.

[molsewid]

Decentralized assets will continue to shine because of the high trustworthiness compared to governments that have complete control, people don't care anymore what countries say during war and the presence of decentralized assets that can be accepted by the global community will be more useful.

Now in the midst of the war it paved a way to me to further realized the importance of having a decentralised asset under my portfolio. Though I'm glad that my country was not affected by the war but sad to say all over the world may suffer the consequences of this war due to rapidly increasing the oil price in the world market. Now I really even more realized that having bitcoin is important whenever a fiat currency loses it's value you'd still have these asset that can be used to exchange goods and services and that's what I'm wishing also that crypto will be widely adopted.

[merchantofzeny]

I don't know how banks operate in Europe but I suppose if you're Ukrainian and have to move, you might have trouble accessing your money from your bank, etc. For Russians I think its cryptos are still performing better than their fiat that is now in rubles so I think crypto might be useful for them.

I don't think Ukraine has problem with their banks if you want to do your business with the bank except it is destroyed by Russian troops but I never read that Ukraine has been having issues with banks only Russia that had issue because of Swift remover and other sanctions like Visa card, Master card, Apple etc. If Ukrainians travel out to other countries, they only need to do as others are required to have access to their money.

I guess Ukrainians have it easier than the Russians moneywise in this war then. Would be interesting to know if they kept their money in their banks before leaving the country or if they withdrew the money first. I'm assuming the latter is more likely if it's a local Ukrainian bank that might not have a lot of branches outside the country.

RIP to the Russian public's money though. Not only do transactions get harder to do for them there's also a possibility of a bank freeze.

[LUCKMCFLY]

It is not necessary to believe much in the decentralization of many platforms, at least in Venezuela they blocked Metamask and it is a decentralized tool, if you do not enter with VPN you do not have access to it, the decentralized economy must be fulfilled and I see that tokenization is not the way out , things should be safer through crypto, but it is not like that, that is why you only have to trust what is safe, after all these things that are happening, the safest thing is your own wallets, tokenized economies have their limitations despite the fact that the word decentralization is intrinsic there.