The economics of war. How does this affect us all especially us in crypto?

[DrBeer]

Of course, it's hard for me as a Ukrainian to hear that the world is tired and bored with the war from which my country's suffering every day, and not that since it's a big country, the scale of this war is much-much bigger than the war of Israel against Palestine. In any case, I don't think the escalation happened 'cause the world got bored. If anything, I believe Hamas is controlled by Iran, and Iran is militarily friendly with Russia, so perhaps they've made some sort of deal to distract the world from Russia's activities by making people focus on how cruel Hamas can be.
The financial side of the op's post is reasonable, it's true that there's often a disproportionate interaction where a drone can take out something much more expensive, but also, looking at the Russian side here, a relatively cheap drone can trigger a much more expensive spending on an air defence missile on it. These things can make drones much more popular in the military in the future, but, to be honest, I don't think that has any impact on the crypto market or on the global economy in general.

Greetings fellow countryman !
"The world is tired of war" - yes there is such an opinion. simply the world has forgotten what war is, and therefore considers that war, as a light in the room can be turned on or off. They're tired, they're uncomfortable.... But they do not realize that now it is Ukraine that holds the brown plague of RASHISM, and does not let it go further, for example, to the same "war-weary" Europe....
Regarding the reasons for the massacre in Israel - I am sure we will soon find out who was the "architect", who helped and armed, who trained ... And believe me - there will be no surprising discoveries. I have enough recordings from Gaza, where during the battle sounds "Allahu akbar", and then in Russian shouts "cover us, let's withdraw". In order to stop world terrorism, it is necessary to destroy its lair.
And I'll just remind you, and anyone can check it out - as soon as things got really bad in the USSR/Russia - the level of world terrorism dropped sharply....

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[fuguebtc]

If there are wars like what is happening now in Russia vs. Ukraine and Israel vs. Hamas, I don't think we crypto enthusiasts will be affected much by this, except for the people who believe in crypto who are in the country of war itself.

People like that opportunity, and our crypto assets should be stored well, not only in hardware wallets but for USBs or sny cold wallets. Physical things can be damaged, but not digital assets like Bitcoin. The economy can also be affected, but not the digital assets we have. The recovery of the country may take a long time when the war ends.

But if the economy is affected then our crypto assets will also be affected because the cryptocurrency market is also part of the world economy. If there were no war, inflation or crisis, I believe the market would develop better and we would be significantly more profitable than we are now. Is your cryptocurrency portfolio profitable or is it still losing value due to market declines? That is also the impact of the war on investors like us.

[Argoo]

If there are wars like what is happening now in Russia vs. Ukraine and Israel vs. Hamas, I don't think we crypto enthusiasts will be affected much by this, except for the people who believe in crypto who are in the country of war itself.

People like that opportunity, and our crypto assets should be stored well, not only in hardware wallets but for USBs or sny cold wallets. Physical things can be damaged, but not digital assets like Bitcoin. The economy can also be affected, but not the digital assets we have. The recovery of the country may take a long time when the war ends.

I recently read in the news that Russia, on the eve of the Hamas attack on Israel, transferred over $80 million in cryptocurrency to Hamas cryptocurrency wallets. In addition to the fact that this indicates Russia’s support for this terrorist formation in its war against Israel, the state and, first of all, the countries of Europe and the United States will most likely be forced to respond to this fact by introducing stricter regulation of the circulation of cryptocurrency and, above all, in relation to cryptocurrencies with a high degree of anonymity.

The war between Hamas and Israel threatens to escalate into a military confrontation involving many countries. This is definitely bad for cryptocurrency.

After writing this post, I discovered confirmation of this proposal.

https://www.unian.net/world/v-ssha-sobirayusya-prekratit-vozmozhnost-finansirovat-hamas-s-pomoshchyu-kriptovalyuty-12424515.html

[DrBeer]

I recently read in the news that Russia, on the eve of the Hamas attack on Israel, transferred over $80 million in cryptocurrency to Hamas cryptocurrency wallets. In addition to the fact that this indicates Russia’s support for this terrorist formation in its war against Israel, the state and, first of all, the countries of Europe and the United States will most likely be forced to respond to this fact by introducing stricter regulation of the circulation of cryptocurrency and, above all, in relation to cryptocurrencies with a high degree of anonymity.

The war between Hamas and Israel threatens to escalate into a military confrontation involving many countries. This is definitely bad for cryptocurrency.

After writing this post, I discovered confirmation of this proposal.

https://www.unian.net/world/v-ssha-sobirayusya-prekratit-vozmozhnost-finansirovat-hamas-s-pomoshchyu-kriptovalyuty-12424515.html

In addition, there is already information that it was Russia that "worked on the project" of transferring to its brother Hamas, weapons that were seized on the territory of Ukraine, in order to create the appearance of "uncontrolled spread of military aid to Ukraine".
There are already a lot of recordings in the public domain, where among the cries of Hamas terrorists one can clearly hear the cries of Russian "consultants" - "withdraw, cover, ....".
Next week there will be interesting information about the investigation into the interaction between the Kremlin and Hamas leaders, funding of technical assistance... Israel and the US will not keep quiet this time and the world will soon find out who is the mother of world terrorism.

I will assume that Russia, once again, made a wrong assessment of the development of events, as it was in Ukraine, when they expected to be greeted "with flowers", and the AFU and volunteer battalions will not offer significant resistance to the "second army of the world". So in Israel - the idea seems to be to ignite a new fire in the Middle East, in order to weaken support for Ukraine, where Russia is losing, to increase the burden on the US budget, and to reduce the information field about Russia's crimes. But it will turn out differently - the world will learn who has nurtured and supported the international network of terror, and what must be done to eradicate the problem. Who doubts in the status of Russia - "the mother of international terrorism", I recommend to study the concept developed in the USSR - INTERNATIONAL TERRORISM. It was in the late 50's, at the highest level, realizing that direct military confrontation with the countries of the west - does not have a positive result, the USSR decided to systematically destabilize the world through terror. This is all in the open sources. And the second, easily verifiable fact - as soon as the situation in the USSR/Russia became really difficult - world terrorism immediately "faded".

And now, after another "project" of Russia in Israel, in "commonwealth" with Iran and a few other "friends", the world will realize that it is necessary to gather all forces in a fist, and to put a fat point in the history of world terrorism. Otherwise, terrorism will destroy the world like a cancerous tumor destroys an organism that does not realize the risks of this disease and does not take emergency measures.

I am sure that now the military-industrial complex sector will be actively developed in all countries, measures will be taken to minimize economic contacts with terrorist countries and their accomplices, to degrade their economy and society.

The only negative effect may be more stringent regulation of cryptocurrencies as mechanisms for financial interaction between terrorist countries and groups.

[Porfirii]

I recently read in the news that Russia, on the eve of the Hamas attack on Israel, transferred over $80 million in cryptocurrency to Hamas cryptocurrency wallets. In addition to the fact that this indicates Russia’s support for this terrorist formation in its war against Israel, the state and, first of all, the countries of Europe and the United States will most likely be forced to respond to this fact by introducing stricter regulation of the circulation of cryptocurrency and, above all, in relation to cryptocurrencies with a high degree of anonymity.

The war between Hamas and Israel threatens to escalate into a military confrontation involving many countries. This is definitely bad for cryptocurrency.

After writing this post, I discovered confirmation of this proposal.

https://www.unian.net/world/v-ssha-sobirayusya-prekratit-vozmozhnost-finansirovat-hamas-s-pomoshchyu-kriptovalyuty-12424515.html

In addition, there is already information that it was Russia that "worked on the project" of transferring to its brother Hamas, weapons that were seized on the territory of Ukraine, in order to create the appearance of "uncontrolled spread of military aid to Ukraine".
There are already a lot of recordings in the public domain, where among the cries of Hamas terrorists one can clearly hear the cries of Russian "consultants" - "withdraw, cover, ....".
Next week there will be interesting information about the investigation into the interaction between the Kremlin and Hamas leaders, funding of technical assistance... Israel and the US will not keep quiet this time and the world will soon find out who is the mother of world terrorism.

-snip-

I wasn't aware of this news, but it is terrible! Many Western governments are eager to control every single transaction with the excuse of money laundering and financiation of terrorism. The first one seemed to work, while the second one started to sound like an excuse for control. But now, if what you say is true, they'll have the perfect argument to make every hodler look guilty until proven otherwise. Expect KYC everywhere for everything related to crypto

[Etranger]

I wasn't aware of this news, but it is terrible! Many Western governments are eager to control every single transaction with the excuse of money laundering and financiation of terrorism. The first one seemed to work, while the second one started to sound like an excuse for control. But now, if what you say is true, they'll have the perfect argument to make every hodler look guilty until proven otherwise. Expect KYC everywhere for everything related to crypto

This is true, I mean the news about Russia selling weapons from the war field in Ukraine to HAMAS, however, I have doubt that it will lead to KYC everywhere, because governments can close their eyes on many deeds when it is not advantageous for them to pay attention. Moreover, control requires very serious developed tools and a large staff of employees to carry out this work. But now not everyone can afford it.

[jasonjm]

Cryptocurrency or digital currency is the future. With the passage of time, more and more people will recognize this.
It is always better to store your value in Bitcoin compared to other storage options. You can easily carry Bitcoin around the globe compared to dollars.
During crises, Bitcoin is a much safer option like you said, cash at home can be burned or stolen, and banks could go bankrupt. Whatever the crisis will be, you will always have Bitcoin in your wallet, safe and secure. During the war, currencies can be devalued, and physical assets -cars, houses, banks, etc.- can be destroyed, but Bitcoin will be there for you in such instances. 

[tygeade]

If there are wars like what is happening now in Russia vs. Ukraine and Israel vs. Hamas, I don't think we crypto enthusiasts will be affected much by this, except for the people who believe in crypto who are in the country of war itself.

People like that opportunity, and our crypto assets should be stored well, not only in hardware wallets but for USBs or sny cold wallets. Physical things can be damaged, but not digital assets like Bitcoin. The economy can also be affected, but not the digital assets we have. The recovery of the country may take a long time when the war ends.

But if the economy is affected then our crypto assets will also be affected because the cryptocurrency market is also part of the world economy. If there were no war, inflation or crisis, I believe the market would develop better and we would be significantly more profitable than we are now. Is your cryptocurrency portfolio profitable or is it still losing value due to market declines? That is also the impact of the war on investors like us.

I feel like we are on the opposite side of the story though. When there is nothing bad, no wars, no famine, no bad things going on, then why would we even need anything like Crypto? Fiat would be fine as well and we would all do fine. Obviously cyrpto does better because when all those things happen, there is a good reason for fiat to drop in value, and that makes gold go up, that's how it has been for hundred years now, fiat goes down and gold goes up.

Nowadays, we have a digital gold, which is bitcoin and that means when things go badly then fiat loses value and when it does, people use bitcoin and buy it and store it to keep its value, that allows them to do fine. Obviously people should be doing a lot better.

[Etranger]

When there is nothing bad, no wars, no famine, no bad things going on, then why would we even need anything like Crypto? Fiat would be fine as well and we would all do fine.

Even if we wouldn't have had any wars, famine and other catastrophes, crypto have its place in the modern world. Because it offers anonymity along with transparency which fiat cannot provide. Fiat is controlled by governments, while crypto is decentralised and more free to be used.

[DVlog]

If there are wars like what is happening now in Russia vs. Ukraine and Israel vs. Hamas, I don't think we crypto enthusiasts will be affected much by this, except for the people who believe in crypto who are in the country of war itself.

People like that opportunity, and our crypto assets should be stored well, not only in hardware wallets but for USBs or sny cold wallets. Physical things can be damaged, but not digital assets like Bitcoin. The economy can also be affected, but not the digital assets we have. The recovery of the country may take a long time when the war ends.

But if the economy is affected then our crypto assets will also be affected because the cryptocurrency market is also part of the world economy. If there were no war, inflation or crisis, I believe the market would develop better and we would be significantly more profitable than we are now. Is your cryptocurrency portfolio profitable or is it still losing value due to market declines? That is also the impact of the war on investors like us.

It's not that simple. War can burn a country's resources and make the economy unstable. It will increase its GDP because heavy expenses from the war will bear the expenses. War, inflation or crisis of these have their own impact on the global economy. War causes damage and destruction, it also opens up new job opportunities for people in the military industry. Inflation is considered good if it stays low and stable because it encourages spending, investment and higher wages.

[harapan]

I start this thread because my other thread was moved to politics.




https://bitcointalk.org/index.php?topic=5469546.msg62960887#msg62960887

2200 Rockets shot at Israel 40 killed.
October 07, 2023, 09:43:26



I have zero issues with the people that moved it with out letting me know.


My main point is the new conflict was accelerated because the world is bored tired disinterested with Ukraine vs Russia

So we now have Israel vs Palestine

And likely we will next have China vs Taiwan . Just a future guess.


  It's so clear enough that war will definitely affect us  in crypto because looking at the Ukraine  and  Russia


I see a huge shift in the military industrial complex's ability to earn profits. Due to modern tech ie Drones and the like.

I watched on film about 5000 usd worth of gear take out a 1 million dollar Russian tank .  At no risk to the operator of that 5000 worth of gear. 

So I am wondering when do these wasteful conflicts alter. Ships don't have the value they used to have.

 you can sink a 500 million dollar  ship with a 20,000 dollar drone.

This mean a huge shift in making money with military gear is going to occur over the next 5-10 years.

Is this new conflict going to be yet one more shift in weaponry.

And does the ability to easily attack almost anywhere anyplace mean having crypto is more important than physical assets.

I.E 10,000 cash in a home could be burnt. But my digital wealth is safe.

So forget

the war as political and think of the economic angles here.

To all in Ukraine vs Russia I hope for peace.
To all in Israel vs Palestine I hope for peace.
To all in China vs Taiwan please keep the peace.


To this forum will the new methods of attack alter the value of physical assets thus increasing crypto assets.

It definitely would affect us all in crypto because during the Ukraine  vs Russia there were massive destruction of properties and lives and so on which affected so many sectors of the economy.
We pray for peace and unity among nations but in the other hand if any country should rage war against another it will  affect everything  both assets and in that vein there would be a reduction and indulgence of crypto because individuals will be thinking of how to cater for their properties and stuff.

So how can your digital wealth be safe when it's connected to the Internet and electricity is being powered, what if when a missile was launched  it burnt down the power station  and corrupted the internet and everything was lost...u can't  tell by this.and we don't pray to have such conflicts so as for we all to be on a safer side.

[DrBeer]

I recently read in the news that Russia, on the eve of the Hamas attack on Israel, transferred over $80 million in cryptocurrency to Hamas cryptocurrency wallets. In addition to the fact that this indicates Russia’s support for this terrorist formation in its war against Israel, the state and, first of all, the countries of Europe and the United States will most likely be forced to respond to this fact by introducing stricter regulation of the circulation of cryptocurrency and, above all, in relation to cryptocurrencies with a high degree of anonymity.

The war between Hamas and Israel threatens to escalate into a military confrontation involving many countries. This is definitely bad for cryptocurrency.

After writing this post, I discovered confirmation of this proposal.

https://www.unian.net/world/v-ssha-sobirayusya-prekratit-vozmozhnost-finansirovat-hamas-s-pomoshchyu-kriptovalyuty-12424515.html

In addition, there is already information that it was Russia that "worked on the project" of transferring to its brother Hamas, weapons that were seized on the territory of Ukraine, in order to create the appearance of "uncontrolled spread of military aid to Ukraine".
There are already a lot of recordings in the public domain, where among the cries of Hamas terrorists one can clearly hear the cries of Russian "consultants" - "withdraw, cover, ....".
Next week there will be interesting information about the investigation into the interaction between the Kremlin and Hamas leaders, funding of technical assistance... Israel and the US will not keep quiet this time and the world will soon find out who is the mother of world terrorism.

-snip-

I wasn't aware of this news, but it is terrible! Many Western governments are eager to control every single transaction with the excuse of money laundering and financiation of terrorism. The first one seemed to work, while the second one started to sound like an excuse for control. But now, if what you say is true, they'll have the perfect argument to make every hodler look guilty until proven otherwise. Expect KYC everywhere for everything related to crypto

It is unlikely that this will turn into a "default charge", with a high probability that the rules and laws for working in the crypto market will be strengthened. In any case, all criminal transactions with cryptocurrency are mostly finalized by converting criminal money into fiat currency bundles. It's just that not everyone is interested in the numbers in the blockchain, because not everything in the end of illegal "activity" can be purchased with cryptocurrency. Therefore, new mechanisms will be introduced in financial systems, banks, funds,..... Yes, it is not in the hands of the average person, but this is the price of using cryptocurrency in illegal or anti-human affairs

[philipma1957]

If there are wars like what is happening now in Russia vs. Ukraine and Israel vs. Hamas, I don't think we crypto enthusiasts will be affected much by this, except for the people who believe in crypto who are in the country of war itself.

People like that opportunity, and our crypto assets should be stored well, not only in hardware wallets but for USBs or sny cold wallets. Physical things can be damaged, but not digital assets like Bitcoin. The economy can also be affected, but not the digital assets we have. The recovery of the country may take a long time when the war ends.

I recently read in the news that Russia, on the eve of the Hamas attack on Israel, transferred over $80 million in cryptocurrency to Hamas cryptocurrency wallets. In addition to the fact that this indicates Russia’s support for this terrorist formation in its war against Israel, the state and, first of all, the countries of Europe and the United States will most likely be forced to respond to this fact by introducing stricter regulation of the circulation of cryptocurrency and, above all, in relation to cryptocurrencies with a high degree of anonymity.

The war between Hamas and Israel threatens to escalate into a military confrontation involving many countries. This is definitely bad for cryptocurrency.

After writing this post, I discovered confirmation of this proposal.

https://www.unian.net/world/v-ssha-sobirayusya-prekratit-vozmozhnost-finansirovat-hamas-s-pomoshchyu-kriptovalyuty-12424515.html

This issue is the one that concerns me. My fear is the "free" world will crack down on BTC like a mofo KYC KYC KYC over and over and over.

If we bog down In a triple front conflict.

Ukraine _ Russia
Israel _ Palestine
Taiwan _ China

a lot of wealth to help terrorists will move via blockchains.

Many new restrictions could occur. Thus making large indentations against crypto.

Right Now Iran has had 6 billion  frozen by western world.

https://www.cbsnews.com/news/cory-booker-6-billion-iranian-oil-assets-frozen-a-dollar-of-it-has-not-gone-out/

Crypto could  help money move to Iran. Thus we all get punished via more and more attacks on crypto as a terror threat.

[DrBeer]

When there is nothing bad, no wars, no famine, no bad things going on, then why would we even need anything like Crypto? Fiat would be fine as well and we would all do fine.

Even if we wouldn't have had any wars, famine and other catastrophes, crypto have its place in the modern world. Because it offers anonymity along with transparency which fiat cannot provide. Fiat is controlled by governments, while crypto is decentralised and more free to be used.

Like every instrument, cryptocurrency has “two sides of the coin” - on the one hand, freedom, convenience, technology,... On the other hand, the use of technology to finance terrorism, tax evasion, payment for prohibited things,...
And the saddest thing is that both sides of the coin are made by PEOPLE! It’s like a story about weapons - they were invented for hunting and protection, but in the end they began to be used to destroy their own kind... Accordingly, another question is - are people ready for such decisions? Or what needs to be done to ensure that good decisions are not used for evil?

PS...but we have to pay taxes!

[Etranger]

Like every instrument, cryptocurrency has “two sides of the coin” - on the one hand, freedom, convenience, technology,... On the other hand, the use of technology to finance terrorism, tax evasion, payment for prohibited things,...
And the saddest thing is that both sides of the coin are made by PEOPLE! It’s like a story about weapons - they were invented for hunting and protection, but in the end they began to be used to destroy their own kind... Accordingly, another question is - are people ready for such decisions? Or what needs to be done to ensure that good decisions are not used for evil?

PS...but we have to pay taxes!

These two sides are in absolutely any phenomenon. Cryptocurrencies are not an exception or something unique. Only those who benefit from linking them with criminal activity emphasize only one of the parties. But objectively, it is immediately clear that cryptocurrencies themselves are neutral, and the one who uses them gives them one or another color.

[DrBeer]

Like every instrument, cryptocurrency has “two sides of the coin” - on the one hand, freedom, convenience, technology,... On the other hand, the use of technology to finance terrorism, tax evasion, payment for prohibited things,...
And the saddest thing is that both sides of the coin are made by PEOPLE! It’s like a story about weapons - they were invented for hunting and protection, but in the end they began to be used to destroy their own kind... Accordingly, another question is - are people ready for such decisions? Or what needs to be done to ensure that good decisions are not used for evil?

PS...but we have to pay taxes!

These two sides are in absolutely any phenomenon. Cryptocurrencies are not an exception or something unique. Only those who benefit from linking them with criminal activity emphasize only one of the parties. But objectively, it is immediately clear that cryptocurrencies themselves are neutral, and the one who uses them gives them one or another color.

That’s the whole problem of “two sides of the coin”... People develop and invent very useful solutions and technologies for BENEFITS and CONVENIENCE. But there are often people who use these solutions AGAINST people. Directly or indirectly - for evil! And this applies to almost everything that surrounds us... From dishes to nuclear fusion - it was all designed for people, but is used against people and humanity

[Argoo]

I wasn't aware of this news, but it is terrible! Many Western governments are eager to control every single transaction with the excuse of money laundering and financiation of terrorism. The first one seemed to work, while the second one started to sound like an excuse for control. But now, if what you say is true, they'll have the perfect argument to make every hodler look guilty until proven otherwise. Expect KYC everywhere for everything related to crypto

This is true, I mean the news about Russia selling weapons from the war field in Ukraine to HAMAS, however, I have doubt that it will lead to KYC everywhere, because governments can close their eyes on many deeds when it is not advantageous for them to pay attention. Moreover, control requires very serious developed tools and a large staff of employees to carry out this work. But now not everyone can afford it.

However, in general this statement is true. States will legalize cryptocurrency if at least general control over the movement of funds in cryptocurrency is observed. You should always remember that it is much easier to prohibit than to control some process. Therefore, KYC will in the future spread almost everywhere where cryptocurrency will be converted into fiat. Especially now, when military conflicts are growing, the demand for weapons is growing and various terrorist associations are raising their heads.

[0t3p0t]

For now it's not Taiwan that China wanted to invade but clearly the Philippines. The West Philippine Sea has vast number of resources to steal so why bother invade a country that is just on their backyard? China wants the entire WPS then conquer both the Philippines and Taiwan for them to control the trade route. This is actually the war of resources because the more resources you have then the more powerful you are.

Having crypto does not even guarantee that we are safe only if we survive the war. Though having assets like crypto is for me better than those other assets because no one can steal it from us and if we fail to survive then that crypto will be lost forever with us.

[itorai]

Another would be the fact that this could easily mean that crypto would stop being used and updated since everyone's just so busy killing themselves over something trivial.

stress can cause something like that. In today's world, many people have difficulty living their daily lives and there are many factors that influence all of that, however there is still the best solution to living a better life, don't waste this hot life because there is still life after death (for believer)

[bocyaj]

For now it's not Taiwan that China wanted to invade but clearly the Philippines. The West Philippine Sea has vast number of resources to steal so why bother invade a country that is just on their backyard? China wants the entire WPS then conquer both the Philippines and Taiwan for them to control the trade route. This is actually the war of resources because the more resources you have then the more powerful you are.

Having crypto does not even guarantee that we are safe only if we survive the war. Though having assets like crypto is for me better than those other assets because no one can steal it from us and if we fail to survive then that crypto will be lost forever with us.

The crypto was the hidden asset to us,we no need to do any safeguards like the land assets or the gold asset.In the war,the army can cease your physical property and gold,wealth from you.But they don’t know the digital asset in your mobile phone,this help you to understand the reality.After the war,you can use your digital assets to purchase the basic needs.With this digital asset,you will be one step front of your co people who escaped from the war.Because they only depend on the government who won the war,but you can be self sufficient by this digital asset.

stress can cause something like that. In today's world, many people have difficulty living their daily lives and there are many factors that influence all of that, however there is still the best solution to living a better life, don't waste this hot life because there is still life after death (for believer)

Many think their was life after the life,but who know that,is their any proven fact about this.So live your life peacefully without affecting others,you should enjoy yourself.The way of earning money must be increased in the different way,So you no need to ask any person for the loan.