The biggest thing to note here is the importance of crypto custody. Keep your coins in a wallet you control. We have to keep in mind that centralized exchanges are exactly that - centralized, with the same potential flaws and issues as other centralized entities. i don't agree with just locking up every Russian person's bitcoin that's on an exchange. I think there are many Russian people that probably don't support the war in Ukraine and shouldn't be punished for actions their leader is taking. However, take your coins off the exchange and don't let the CEX's have that impact.
Bitcoin is absolutely perfect for this type of stuff. Asking to freeze and sabotage the people money and accounts is just crazy. This is not what bitcoin or crypto is about. It is the opposite of what they want to happen. Putting the money where it belongs in the people's hands, the owners. The banks may be able to freeze people's funds and if you are still foolish enough to keep all of your money in a bank where this type of thing can happen, then it's time to wake up and smell the coffee. Get yourself a wallet, and get yourself some crypto and take control of your money. It's yours. Why not have full and total control over it. Screw the banks and the government, the only ones you can trust is yourself and hopefully the people you keep close to you. Freezing anyone's assets is crazy and should not happen.
Peace to everyone out there, especially those going through trying times right now. Keep your heads up and stay safe. 💯 ✌️
Really very nice explanations. Russians should definitely not be blocked in the crypto markets. Otherwise, the exchange owners will have betrayed the crypto. Crypto cannot act unilaterally. Exchanges also represent crypto. And also what is the fault of the Russian people. Vladimir Putin or the ministers will not be harmed here. Even if he sees a little. The public will see the real harm. The Russian people are also in a difficult situation. There are people who do not want war, and their economy is in very bad shape. This sanction would not be a war sanction, but a hate sanction. I am against such sanctions.
You have to wonder if there is anything thing said here that really is the exact oppposite.
But let's just take one remark: "Bitcoin is anti-war".
As any educated person in the liberal democratic world knows, war is not about good or bad. If a war is started simply to conquer and take what you want, that is a bad war and the side which fights against the one simply taking what is not theirs is fighting a good war.
There is a whole variety and shading of war that has less to do with war as such, but more to do with what is right and wrong and good and bad.
Obviously, the former understanding then has nothing to do with crypto or money.
But the crypto-cult will find any (absurd) reason to say "YAY! Crypto is good for that!". Disgraceful.
Beauty is in the eye of the beholder. So is the notion of good or bad use of Bitcoin. It is a tool that can be used either way, just like anything else.
The biggest thing to note here is the importance of crypto custody. Keep your coins in a wallet you control. We have to keep in mind that centralized exchanges are exactly that - centralized, with the same potential flaws and issues as other centralized entities. i don't agree with just locking up every Russian person's bitcoin that's on an exchange. I think there are many Russian people that probably don't support the war in Ukraine and shouldn't be punished for actions their leader is taking. However, take your coins off the exchange and don't let the CEX's have that impact.
Bitcoin is absolutely perfect for this type of stuff. Asking to freeze and sabotage the people money and accounts is just crazy. This is not what bitcoin or crypto is about. It is the opposite of what they want to happen. Putting the money where it belongs in the people's hands, the owners. The banks may be able to freeze people's funds and if you are still foolish enough to keep all of your money in a bank where this type of thing can happen, then it's time to wake up and smell the coffee. Get yourself a wallet, and get yourself some crypto and take control of your money. It's yours. Why not have full and total control over it. Screw the banks and the government, the only ones you can trust is yourself and hopefully the people you keep close to you. Freezing anyone's assets is crazy and should not happen.
Peace to everyone out there, especially those going through trying times right now. Keep your heads up and stay safe. 💯 ✌️
Really very nice explanations. Russians should definitely not be blocked in the crypto markets. Otherwise, the exchange owners will have betrayed the crypto. Crypto cannot act unilaterally. Exchanges also represent crypto. And also what is the fault of the Russian people. Vladimir Putin or the ministers will not be harmed here. Even if he sees a little. The public will see the real harm. The Russian people are also in a difficult situation. There are people who do not want war, and their economy is in very bad shape. This sanction would not be a war sanction, but a hate sanction. I am against such sanctions.
Thanks for the nice article.
Crypto is the best alternative option against FIAT. It's being proven in many ways...
You have to wonder if there is anything thing said here that really is the exact oppposite.
But let's just take one remark: "Bitcoin is anti-war".
As any educated person in the liberal democratic world knows, war is not about good or bad. If a war is started simply to conquer and take what you want, that is a bad war and the side which fights against the one simply taking what is not theirs is fighting a good war.
There is a whole variety and shading of war that has less to do with war as such, but more to do with what is right and wrong and good and bad.
Obviously, the former understanding then has nothing to do with crypto or money.
But the crypto-cult will find any (absurd) reason to say "YAY! Crypto is good for that!". Disgraceful.
Beauty is in the eye of the beholder. So is the notion of good or bad use of Bitcoin. It is a tool that can be used either way, just like anything else.
ban cripto bussiness because of a goverment desicion is convert a cripto in a fiat coin controlled by an authority and not by the people who owned